CERTIFICATE IV IN BUSINESS (ESTATE AGENCY PRACTICE)

The Department of Financial Studies, which is part of the RMIT Business (VET), offers a 27 Module course in Real Estate. The course's aims are to provide the academic requirements under Section 14 (1) (a) (i) of the Estate Agents Act 1980 for the issue of an Estate Agents licence, and to provide vocational skills and knowledge for those engaged in real estate activities generally, both at an operational and management level.

This course is primarily intended for Agent's Representatives wishing to obtain an Estate Agent's licence, and for school leavers wishing to enter the industry. The first three modules of this course must be completed before a person can be an Agent's Representative. Details of this course follow this section.

• Entrance Requirements

  The basic entrance standard is satisfactory completion of Year 12 studies, however there is also provision for mature age entrance, with the applicant to have had some business experience.

• Course Duration

  The modules are of varying lengths (see table below) and, accordingly, length of course will depend upon the load a student wishes to take. The normal length of course would be between 2 & 3 years part-time. At present RMIT does not offer full time study in this course, however RMIT does offer this course on an accelerated part-time basis requiring daytime attendance for a number of two week courses. This allows course completions in approximately six months.

• Course Locations

  This course is available on-campus at RMIT, Swinburne University of Technology (Prahran Campus), Peninsula Institute of TAFE, and Eastern Institute of TAFE. Off campus study (correspondence) is also offered through the Open Training Service and individual Colleges. This mode may well prove particularly useful for those for those people distant from an on-campus centre.

  ---

  [ Contents | Top of Page ]

  ---

  Course Content

  MODULES	HOURS
  Negotiation Skills	20
  Client Interaction	20
  Database Fundamentals	20
  Real Estate Computing	15
  Real Estate Accounting	45
  Real Estate Computer Accounting	15
  Recognising Common Building Styles and Faults	15
  Real Estate Consumer Protection	15-20
  Property Law	25-30
  Contract Law for Real Estate	20
  Contracts for Sale of Land	15-20
  Residential Tenancies	20
  Commercial Law Principles	25-30
  Property Management Listings	12
  Renting Residential Properties	10
  Servicing Managed Properties	20
  Introduction to Specialised Property Management	20
  Listings	30
  Property Research and Analysis	12
  Property Appraisals	20
  Methods of Sale	20
  Introduction to Specialised Property Sales	20
  Selling by Auction	30
  Managing Finance - Performance	20

• Course Assessment

  In respect of the assessment procedures adopted, students must demonstrate achievement of all terminal performance objectives set for the listed modules to pass. Full details of these are available, but are generally handed out at the start of each semester. Assessment is by various methods, designed to measure satisfactory achievement of the objectives. These methods include examinations, tests, assignments, essays, and practical work.

  There is also the possibility of obtaining credit results, in situations where higher than minimum standards are demonstrated. Opportunities for repeat assessment exist.

• Professional Accreditation

  Successful students from this course, on being granted an Estate Agents Licence also become eligible to join the Real Estate Institute of Australia, as an Associate member.

• Further information

  Further information, including brochure and outline synopsis of the subjects, is available from the Co-ordinator of Real Estate Studies at RMIT Business (VET) or from the other participating TAFE Colleges.