This qualification is for commercial property agents
On achieving this qualification learners can apply for NAEA Commercial Propertymark membership at Member grade which provides post nominals MNAEA (COMM).
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)
For learning material pricing visit our learning resources page
What will be covered?
This qualification is made up of four units. For more information on each unit's learning outcomes open the panels below.
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.
COM1 — Level 2/3 (England, Wales and Northern Ireland)
SCOM1 — Level 5/6 (Scotland)
- 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
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
- 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
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
- 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
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
- 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
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.