Level 3 Award in Commercial Property Agency

This qualification is for commercial property agents

Comprising of four units this qualification ensures learners understand the law relating to commercial property such as business tenancy legislation as well as the statutory duties and responsibilities of a commercial agent and provision of appraisal and valuation services.

On achieving this qualification learners can apply for NAEA Commercial Propertymark membership at Member grade which provides post nominals MNAEA (COMM).

PLEASE NOTE: This qualification is being replaced by Level 3 (SCQF Level 6) Certificate in Property Agency. Registrations for this qualification will close on 30 September 2024. All learners will have sufficient time to complete their qualification as learners have either three years from the date of registration or until 30 September 2027 when the final examinations will take place.

This qualification is available as a Level 3 in England, Wales and Northern Ireland.

Registration fee: £50 | Exam fees: £62.50 per exam
Cost: £300 (registration, four exams and certification)
Learning materials are not included in the total qualification cost. Visit our learning resources page for more info.

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What will be covered?

Unit 1: Health and Safety, Security and General Law

Understand the general concepts of law relevant to a property professional. It deals with the historical development of the law as well as current concepts, relevant statute and common law.

Unit code:
COM1 — Level 2/3 (England, Wales and Northern Ireland)
SCOM1 — Level 5/6 (Scotland)

Learning outcomes

Understand health and safety at work legislation and its relevance in and out of the workplace
Understand the issues around keeping safe when visiting property and maintaining a secure system when dealing with keys
Understand the general legal concepts relating to the provision of property services
Understand the common law duties of agents and agents’ authority
Understand the basic elements of the law of contract
Understand the basic elements of liability outside the law of contract
Understand the basic concepts of land law
Understand the basic concepts of discrimination
Understand the requirements of the data protection legislation
Understand the requirements of the legislation dealing with the handling of money

Unit 2: Practice and Law Relating to Commercial Property Agency

This unit is about the law a commercial and business transfer agent needs to know that is specific to the sale, acquisition and letting of commercial property; including law relating to commercial property transactions and the importance of understanding & complying with legislation concerning commercial & business transfer agency services.

Unit code: CPA2

Learninng outcomes

Understand the law and practice relating to consumer and business protection and the provision of financial advice
Understand the statutory duties and responsibilities of a commercial agent
Understand the principles and processes of taking on a commercial agency instruction
Understand how to manage a commercial agency instruction
Understand the processes in the closure of an agency disposal acquisition or letting

Unit 3: Law Relating to Commercial Property

Covers the law relating to real property and commercial & business premises that agents need to know when selling, acquiring and letting commercial property. Also covers financial, rating, taxation and licensing matters regarding freehold and leasehold premises used for commercial & business purposes, and the legislation relating to use and occupation of commercial property, with the roles & procedures of those involved in commercial transactions.

Unit code: CPA3

Learning outcomes

Understand the basic concepts of land law
Understand business tenancy legislation
Understand the range and impact of taxation within the commercial property sector
Understand the various form of business organisations and the role of others within the property transfer process
Understand the requirements of town and country planning law, other specific use regulation and equality requirements

Unit 4: Commercial Property and Business Appraisal and Basic Building Construction

How the agent provides appraisals and valuation services, as well as advice to owners or occupiers of freehold or leasehold commercial/business premises prior to the sale or letting of their interests. Valuation and marketing techniques are covered, as well as best practice of these in accordance with legislation. Financial and accounting issues relevant to valuation, sale or letting and the different types of building construction and common building defects and remedies are also explored.

Unit code: CPA4

Learning outcomes

Understand the factors affecting property value
Understand the main valuation methods applicable to commercial property
Understand how to use valuation techniques for the valuation leasehold interest, landlords and tenants situations and the zoning of retail premises
Understand the issues relating to environment matters affecting commercial buildings
Understand basic building construction relating to foundations, floors, walls and roofs
Understand common building defects and repair requirements

Common units
Our common units make it easier for you to achieve associated qualifications in the future by carrying over previously achieved unit results. Learn more...

How long will it take?

We estimate it takes up to 12-18 months, or approximately 120 hours of study, to complete . From your registration date you will have 3 years to complete your qualification. If you fail to pass in this timescale you'll need to re-register.

How will I be assessed?

Each unit is assessed by a 20 question multiple-choice examination which must be answered within 30 minutes and a pass mark of 70% must be achieved.

What will I get?

You will receive a nationally recognised qualification at a level broadly equivalent to an A-Level or Higher level qualification in Scotland.

How to achieve your qualification

Qualification specification

While studying, you should always keep the qualification specification to hand. All exam questions are based on the unit's listed learning outcomes and assessment criteria, which will provide guidance to ensure you gain relevant, current, and valid knowledge during your studies.

Once you register for a qualification, you can download a copy of the qualification specification from your learner portal.

Examinations

Our online remote invigilation platform allows you to take your exams wherever you are in the UK. You just need a stable internet connection and to meet the exam conditions. Learn more...

How much do they cost?

Each exam covers one unit and costs £62.50 which is payable upon booking. Re-sits will be charged at the same rates and these prices apply to all candidates.

For more information about our fees, download the qualification and examination fee list.

Sample questions and interactive demo

INTERACTIVE DEMO
Our interactive demo sample test will help you understand how our platform works before you sit your examinations. This test will also provide examples of the type and level of difficulty of questions you are likely to be faced with during your actual examinations. This demo has questions from Unit 1: Health and Safety, Security and General Law (COM1/SCOM1)

Try the test

Please note: After you click the link above, a screen with a keycode will appear. As this is a sample test, you can press OK to continue or enter any eight characters to proceed with the sample test.

SAMPLE QUESTION DOCUMENTS
These documents help show the type and level of difficulty of questions, similar to those that you will be asked during your examinations:

Membership

Become a Propertymark member

Unlock a variety of resources and discounts by becoming a Propertymark member to support your studies. Explore the available options for more information.

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Methods of study

Learning packages

Choose how you learn with a variety of online, interactive, and printed resources from experts. Additional learning packages for Propertymark Qualifications are available at a cost, with discounts for Propertymark members.

Qualification Learning Packages

Methods of study

Training courses

Our courses cater to everyone, offering specific options to support your studies and other choices for professional development if you're simply looking to enhance your skills.

Propertymark training

Level 3 award in commercial property agency

This qualification is for commercial property agents

What will be covered?

Unit code: COM1 — Level 2/3 (England, Wales and Northern Ireland) SCOM1 — Level 5/6 (Scotland)

Learning outcomes

Unit code: CPA2

Learninng outcomes

Unit code: CPA3

Learning outcomes

Unit code: CPA4

Learning outcomes

How long will it take?

How will I be assessed?

What will I get?

How to achieve your qualification

1

2

3

4

Qualification specification

Examinations

Become a Propertymark member

Learning packages

Training courses

Unit code:
COM1 — Level 2/3 (England, Wales and Northern Ireland)
SCOM1 — Level 5/6 (Scotland)