Overview

We are recruiting!

Our client in Hermanus, Cape Town is looking for an Estate Agent to join their team for a job vacancy within the Property/Real Estate industry.

  1. Educational Requirements:
    • FETC: Real Estate (Further Education and Training Certificate): This qualification is required for anyone wanting to practice as an estate agent. It is a National Qualifications Framework (NQF) Level 4 qualification.
    • Individuals must be registered with the Estate Agency Affairs Board (EAAB) and hold a valid Fidelity Fund Certificate (FFC)
  2. Experience:
    • Internship: Typically, real estate agents begin as interns. During this period, which lasts for 12 months, they must work under the supervision of a qualified principal or experienced estate agent (Dealer Principal).
    • Will consider candidates who have successfully and recently finished their internships.
  3. Fidelity Fund Certificate (FFC):
    • The FFC by the EAAB is required
  4. Age and Legal Requirements:
    • Applicant must be at least 18 years old.
    • They must be a South African citizen or hold a valid work permit for South Africa.
    • They must not have a criminal record, especially in relation to fraud or dishonesty.
  5. Continued Professional Development (CPD):
    • Prospecting Estate agents Will be required to complete Continuing Professional Development (CPD) training regularly to keep their knowledge up to date and stay compliant with industry regulations.

Duties and Responsibilities

  1. Property Sales and Rentals:
    • Buyers: Assist buyers in finding properties that meet their needs, such as viewing homes, advising on pricing, and facilitating negotiations between buyers and sellers.
    • Sellers: Help sellers by listing properties, marketing them effectively, and negotiating offers from potential buyers.
    • Rentals: Assist in finding tenants for rental properties, negotiate lease terms, and ensure the rental agreement is legally sound.
  2. Marketing Properties:
    • Prepare and distribute property listings through various channels, such as real estate websites, social media, and traditional marketing methods (flyers, brochures).
    • Host open houses and property viewings.
    • Utilize photography and video to showcase properties effectively.
  3. Negotiations:
    • Act as an intermediary between buyers and sellers, ensuring that the parties reach an agreement on price and terms.
    • Negotiate commissions with clients and ensure that all transactions are fair and in compliance with the law.
  4. Advisory Role:
    • Provide advice to clients on market trends, property prices, financing options, and legal issues that may affect a property transaction.
    • Assist with setting the correct asking price for properties based on market research.
  5. Drafting and Managing Contracts:
    • Help draft legally binding contracts for buying, selling, or renting properties.
    • Ensure all agreements comply with relevant property laws and regulations.
    • Assist clients in understanding the terms and conditions of the contract.
  6. Handling Trust Accounts:
    • Estate agents must manage any deposits or rental payments made by tenants or buyers, ensuring that these funds are held in trust accounts and properly accounted for.
    • Mismanagement of trust funds can lead to legal consequences, so the agent must maintain transparency and integrity when handling these funds.
  7. Legal Compliance:
    • Estate agents must ensure they operate in compliance with laws such as the Estate Agency Affairs Act, National Credit Act, Consumer Protection Act, and Rental Housing Act.
    • They are also responsible for adhering to industry regulations regarding advertising, disclosure, and the handling of client funds.
  8. Client Communication and Relationship Management:
    • Communicate regularly with clients, keeping them informed about the progress of property transactions and addressing any concerns they might have.
    • Build and maintain strong relationships with clients to encourage repeat business and referrals.
  9. Property Inspections:
    • Conduct property inspections for buyers or tenants to ensure that the property is in good condition and meets the necessary legal standards.
  10. After-Sales Services:
  • Assist clients after the sale or rental agreement, such as helping them with moving logistics, property handover, or addressing post-sale issues.