Learning Store

Fundamental Legal Training (FLT)

This training is aimed at Property practitioners and specifically Estate Agents who wants to understand the fundamental principles of the law.



Becoming a qualified estate agent requires formal as well as vocational training.
This session sets out the path to become a qualified estate agent.

  Session 1 – The estate agent's career path - Videos

  FLT   Duration
  1. The estate agents career path   FLT1.0    00:22:43

The legal rules that regulate our society and specifically the property industry are complex.
This session explains the origins of the law, where to find it and how the various sources interact. We also look at some divisions of the law.

  Session 2 – About our legal system - Videos

  FLT   Duration
  1. About our legal system   FLT 2.0    34:51

As an estate agent you will deal with various contracts daily.
It is therefore critical to have a sound knowledge of the general principles of the Law of contract.

  Session 3 – Law of contract - Videos

  FLT   Duration
  1. Introduction   FLT 3.0    0:11:38
  2. Foundational principles   FLT 3.1   1:17:46
  3. Terms of a contract   FLT 3.2   1:09:04
  4. Life of a contract   FLT 3.3   1:37:35

The parties to a contract are essential to the validity of a contract. 
The various kinds of persons, their contractual capacity as well as representation is discussed in this session.

  Session 4 – The parties - Videos

  FLT   Duration
  1. Introduction   FLT 4.0    02:19
  2. Background   FLT 4.1   06:20
  3. Natural persons   FLT 4.2   47:23
  4. Juristic persons   FLT 4.3   49:37
  5. Compliance measures   FLT 4.4   10:41
  6. Representation   FLT 4.5   18:40
  7. Popia and Fica   FLT 4.6   04:17
  8. Deceased estates   FLT 4.7   03:29
  9. Applied knowledge   FLT 4.8   37:42

The core activity of an Estate agent is to assist clients to transact in immovable property, be it a valuation, a sale, or a rental.
In this section we discuss the complex nature of immovable property and the issues relating to it.

  Session 5 – The property - Videos

  FLT   Duration
  1. Background   FLT 5.1    1:08:09
  2. Various kinds of property   FLT 5.2   0:23:14
  3. Fixtures & Fittings   FLT 5.3   0:19:55
  4. Restrictions on ownership   FLT 5.4   0:52:02
  5. Risk & Defects   FLT 5.5   1:15:26
  6. The IPCR   FLT 5.6   0:21:17
  7. Certificate of Compliance - CoC's   FLT 5.7   0:25:24

 

  Session 6 – Price and funding - Videos

  FLT   Duration
  1. Introduction   FLT 6.0    01:11
  2. Price and Funding   FLT 6.1   37:01

The role of the estate agent, commission as well as the duty of care of the estate agent is discussed in this session.

  Session 7 – The agent - Videos

  FLT   Duration
  1. Introduction   FLT 7.0    01:17
  2. Agents and the clients   FLT 7.1   20:04
  3. Mandates   FLT 7.2   18:13
  4. Commission   FLT 7.3   28:40

The process of the transfer of property is often unfamiliar to our clients.
In this session we explain the process from listing the property to eventual registration and beyond.

  Session 8 – The process - Videos

  FLT   Duration
  1. Introduction   FLT 8.0    02:53
  2. Listing to contract   FLT 8.1   16:42
  3. In the attorney's office   FLT 8.2   31:11
  4. In the deeds office   FLT 8.3   04:28
  5. After the deeds office   FLT 8.4   06:26

Almost every action an estate agent is involved in will trigger a form of tax. 
This session is a brief introduction to the various forms of tax related to property transactions.

  Session 9 – Tax - Videos

  FLT   Duration
  1. Introduction   FLT 9.0    02:44
  2. Transfer duty   FLT 9.1   33:10
  3. VAT general principles   FLT 9.2.1   15:27
  4. VAT on commission   FLT 9.2.2   08:43
  5. VAT on conclusion of contract   FLT 9.2.3   19:51
  6. VAT on and after registration   FLT 9.2.4   17:36

Estate agents must understand and be able to explain the costs components involved in the property registration actions.
In this session we will not only discuss the common costs involved but also show you how to use certain tools as a quick and easy reference..

  Session 10 – Costs - Videos

  FLT   Duration
  1. Costs   FLT 10.0    37:01

 

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