Online100%
DurationOne Year
Credits130
FeesR34 190.00 @ R263.00 per credit
Apply herehttps://registration.uj.ac.za/pls/prodi41/gen.gw1pkg.gw1view 

 

Purpose of the Programme

The purpose of the Advanced Diploma in Real Estate is to develop the student's knowledge of the discipline of real estate. The programme is comprised of a focused curriculum to prepare the student for a career in real estate. Mastering of the curriculum will provide students with the ability to synthesise real estate principles and apply the principles in a professional manner. Fundamental knowledge of investments relevant to the real estate market will be gained enabling the qualifying student to work in today's world of professional real estate. The programme emphasises competence, integrity, and application of ethics in a professional environment. The successful student will gain a global and South African real estate market perspective and an in-depth understanding of the marketplace, which will provide them with a competitive advantage for employment.

Exit Level

 

A qualified student will be able to:

  1. apply knowledge of basic building construction, building contracts and the construction process to the valuation of property and to value a single residential property.;
  2. conduct mass valuations, valuations on income producing properties and valuations of undeveloped property by applying discounted cash flow and feasibility studies methodologies.;
  3. apply the concept of time value of money in property valuation and management.;
  4. apply the basic concepts of discounting to build cash flow models;
  5. exhibit an ability to reflect with self and others, critical of own and other peoples thoughts and actions, and capable of self-organisation and working in groups in the face of continual challenge from the real estate environment;
  6. demonstrate consciousness of, and engagement with, own learning and learning strategies, and awareness of the nature of knowledge and how new knowledge can be acquired in the real estate environment.

 

Admission Requirements

The admission requirements for this programme will adhere to the University of Johannesburg's Policy for Admission and Selection which is current at the time of the registration for this programme.

 

A student should have one of the following:

•            National Diploma Real Estate qualification on the old NQF level 6; or

•            Alternatively a student should possess any other qualification on a New NQF level 7/Old NQF level 6 and have related real estate oriented experience which is deemed applicable by the Department of Finance and Investment Management;

•            For acceptance into the programme, preparatory study, an entrance course and examination may be required by the Department of Finance and Investment Management;

•            Selection is based on academic merit and the availability of places and hence may entail the use of additional criteria/requirements; and

•            Final admission requirements will from time to time be set by the department.

 

Meeting the minimum admission requirements does not assure acceptance into the programme as all students will be subjected to a selection process as determined by the Department of Finance and Investment Management.

 

For the students with a NQF level 6 qualification with 3 years relevant work experience and students with only relevant work experience, an entrance exam will be written to determine if the student has the necessary foundation knowledge to proceed with the Advanced Diploma.  If the student does not pass the exam, the student will be able to do certain short learning programmes (which are in development) so that their knowledge is at the correct level before doing the Advanced Diploma. This entrance exam is one of the methods that will be used to determine the knowledge level and understanding of potential students.

 

The decision to recommend admission is made by the programme coordinator who will evaluate prospective students (either face to face or by other appropriate means). During the selection process, the programme coordinator will consider the career history of applicants.  The programme coordinator may also request applicants to perform certain discipline related writing or practical skills tasks as means of assessing the breadth and depth of their knowledge and skills, before finalising admission decisions.

 

It is a further requirement that students who wish to enrol for this programme have strong general computer skills, and that they have reliable access to the internet, as the programme is offered partially online, and students without reliable internet access will not be able to participate fully in the learning activities for each module.

 

(*) The Applied Financial Mathematics module includes an exemption exam. The module will be exempted on the academic record if the exemption exam is passed.

 

Modules

  PROGRAMME DESIGN: Advanced Diploma  in Real Estate 
Module nameNQF level of the moduleCredits per moduleCompulsory/
Optional
Full-Time Year /DistanceTotal credits per yearFee
Building Construction -BUC7XE1715Compulsory115R3 945.00
Property Valuation A - PVA7XE1 715Compulsory115R3 945.00
Property Valuation B - PVA7XE2 715Compulsory115R3 945.00
Real Estate Management - REM7XE2 715Compulsory115R3 945.00
Real Estate Finance and Investment A - REF7XE1 715Compulsory115R3 945.00
Real Estate Finance and Investment B - REF7XE2 715Compulsory115R3 945.00
Real Estate Law A - REL7XE1 715Compulsory115R3 945.00
Real Estate Law B - REL7XE2 715Compulsory115R3 945.00
**Applied Financial Mathematics - AFM7XE2 710Optional110R2630.00
TOTAL    130R34 190.00

 

Module Outcomes

 

Module nameModule outcomes: student will be able to
Building Construction -BUC7XE1
  • differentiate between the different building contracts;
  • recommend solutions to resolve problems associated with swelling clay;
  • conduct an inspection to identify problems in an existing buildings;
  • estimate the building cost of a residential property  accurately;
Property Valuation A - PVA7XE1
  • describe the role of the valuer in the property industry;
  • explain the present-day definition of market value as established by the South African Courts; and
  • apply the concept of market value in the valuation of a specific property.
  • accurately discuss the relationship between value without potential, potential and highest and best use;
  • make market adjustments reflect market realities;
  • clearly define, accurately calculated and adequately interpreted  the results of a capitalisation rate;
  • determine the replacement cost of a property for insurance purposes;
  • conduct and compile a fully motivated valuation report  on an income producing property;
Property Valuation B - PVA7XE2
  • conduct a valuation of special properties;
  • make market adjustments reflect market realities;
  • clearly define, accurately calculated and adequately interpreted  the results of a capitalisation rate;
  • determine the replacement cost of special properties for insurance purposes;
  • conduct a valuation of an undeveloped property by using a discounted cash flow;         
  • apply feasibility study concepts and compile a fully motivated valuation report.
Real Estate Management - REM7XE2
  • describe the inspection, maintenance, operations, capital improvements and sustainability of physical property;
  • explain management of human resources in real estate management;
  • apply financial management principles in real estate management;
  • conduct the marketing and leasing of commercial real estate; and
  • describe the legal and risk management elements in real estate management.
Real Estate Finance and Investment A - REF7XE1
  • describe the loan application process in property finance;
  • explain the organisational structures in property finance;
  • differentiate between different property finance products;
  • describe the management of property finance risk; and
  • describe the relevance and application  of finance in real estate;
Real Estate Finance and Investment B - REF7XE2
  • explain the role of primary and secondary investment elements and their effect on real estate financing strategies;
  • apply different financial instruments used to finance real estate;
  • identify and apply suitable real estate investment performance measurements and ratios;
  • interpret financial statements; and
  • conduct real estate investment analysis.
Real Estate Law A - REL7XE1
  • discuss the constitution of South Africa;
  • comprehend and apply the Bill of Rights;
  • explain and define immovable property and interests in immovable property;
  • discuss statutory control over property;
  • evaluate the forms of land tenure in South Africa;
  • apply the concepts of possession and occupation of immovable property;
  • discuss and apply the nature and content of servitudes;
  • analyse the relationship between mineral rights and land; and
Real Estate Law B - REL7XE2
  • explain the registration of rights in terms of the deeds Registries Act 47 of 1937;
  • determine statutory control over the use of fixed property;
  • analyse the expropriation of immovable property;
  • apply the general principles of contracts; and
  • apply common law and statutory provisions for compliance with constitutional provisions and national, provincial and local legislation relating to property valuation.
**Applied Financial Mathematics - AFM7XE2
  • understand and apply formulas in the context of real estate finance;
  • interpret and solve financial real estate related problems; and
  • perform calculations by applying mathematical principles.

 

**Applied Financial Mathematics (Includes Exemption Exam*) (10 Credits)

The purpose of this module is to develop a student's financial mathematics skills, which are required in the other modules related to finance to ensure students can cope with the mathematical calculations that are covered in these modules.