S.L. 644.1 · Work Experience In Real Estate (S.L. 644.1)
S.L. 644.1 Art. 3Work experience.
(1) Every person who intends to obtain a licence in terms of the Act, and until such licence is obtained, desires to gain work experience in real estate, may submit an application to the Board using the prescribed form, requesting permission to undertake a period of work experience with a licensed property broker or real estate agent or a branch manager and assist in the functions of the property broker, real estate agent or branch manager under his regular supervision.
(2) Every person who submits an application under sub-regulation (1) shall:
(a) state the details of the licensed property broker or real estate agent or branch manager with whom he intends to gain the work experience;
(b) include a declaration from the licensed property broker or real estate agent or branch manager with whom the applicant intends to gain the work experience, which declaration is to confirm that the applicant shall be placed under the regular supervision of the same property broker, real estate agent or branch manager.
(3) The Board shall issue a one–time permission for a period not exceeding twelve (12) months upon being satisfied that the applicant meets the requirements of sub-regulation (2).
(4) Any permission issued in terms of these regulations shall be terminated when the licensed property broker or real estate ipso jure agent or branch manager retires, dies, has his license suspended, cancelled, withdrawn, not renewed or when he is no longer in a position to provide the applicant with the required supervision:
Provided that the licensed property broker or real estate agent or branch manager is bound to inform the applicant immediately upon deciding to retire, his license being suspended, cancelled, withdrawn or not renewed and when he is no longer in a position to provide the applicant with the required supervision:
Provided further that the applicant is bound to inform the Board within fifteen (15) days of the permission being terminated in terms of this regulation by using the prescribed form.
(5) Any permission issued in terms of these regulations shall not in any way be interpreted or regarded as a grant of any form of permission to appear upon and conclude transactions.