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 |