The University of Cape Town's Construction Economics and Management Department together with Paddocks Learning launched the first Sectional Title Specialist Realtor certificate course in April of 2007. This 10-week course attracted over 120 estate agents from throughout the country who were looking to better understand sectional titles in order to deliver a better service to their buyer and seller clients.
Increased security, private communities and shared maintenance obligations are just some of the factors that have led to sectional title properties becoming the preferred title of choice. Some statistics show that over 50% of all homeowners are now living in sectional title property. As the popularity of this property title grows, it becomes increasingly important for the professionals who sell sectional title units to have the right set of skills to carry out their responsibilities effectively. Says Graham Paddock, "It is also important for the seller of a sectional title unit to be able to distinguish between qualified and unqualified estate agents when choosing an agent to sell their most important asset".
The sale of sectional title property, including units, various types of exclusive use rights as well as whole and fractionalised future development rights in 'schemes' under the Sectional Titles Act, 1986 ('the Act') is an increasingly complex task, requiring an understanding of various parts of the Act and its regulations, various consumer protection provisions and a knowledge of the scheme management and conveyancing processes that apply to the transfer of such property.
The UCT qualification is obtained through a 10-week distance learning course designed for the working individual and is delivered twice a year. During this period two assignments and a written exam are completed, after which all passing students receive the UCT Sectional Title Specialist Realtor Certificate.
The next course runs from August until October 2007. For more information please contact Robyn Allan on 021 674 7818 or e-mail her firstname.lastname@example.org.