Description
Workplace Experience (WEP)
The scope of workplace experience:
As per page 25 – 47 Logbook:
“The objective of specifically focussing on workplace experience is to provide the intern estate agent with the opportunity for further development, and of becoming an integral part of the practical estate agency work environment, in as many of the different fields and/or departments related to this function as possible.
It is essential that the intern estate agent be exposed to as many different fields and/or differentiated areas of estate agency as is feasible during the course of the internship period.
All evidence generated during this experience should be placed in the PoE by the intern estate agent.“
13 Required Projects includes these topics:
- 1.Induction
- 2.The Estate Agency Affairs Act and the Code of Conduct for Estate Agents
- 3.Estate agency product/service training for the intern estate agent
- 4.The legal environment of the estate agency sector
- 5.Knowing and understanding the general legal environment
- 6.Financial processes and systems in the estate agency enterprise
- 6.1. Advising purchasers on the various available options for the financing of property transactions
- 6.2 The Financial Intelligence Centre Act (“the FIC Act”)
- 6.3 Taxes
- 6.4 General accounting procedures
- 7.The marketing and/or selling and/or leasing immovable property
- 7.1 Sourcing properties to sell
- 7.1.1 Canvassing
- 7.1.2 Working as part of a team when:
- 7.1.3 Creating a personal presentation folder
- 7.1.4 Reporting back to the principal on the outcome of the canvassing efforts
- 7.1.5 Listing properties for sale and/or rental
- 7.1.6 Qualifying both the seller/landlord and the potential buyer/tenant
- 7.2 Advertising
- 7.3 Selling
- 7.4 Providing effective after-sales service to all parties
- 8.Estate agency management
- 9.Estate agency administration
- 10.The paralegal environment and the intern estate agent
