Introduction to Finance and Basic Compliance Matters of a Real Estate Intermediary

MQF Level 4

Date – TBC

Duration – 10 hours – 2 weeks

Accredited – Yes

Price – Price (Local/EU) – Euro 150

Module Description

This module introduces the learner to the financial aspect of Real Estate and Real Estate Intermediation business. Learners will be exposed to financial management processes, adequate financial recording, taxation and VAT matters, as well as knowledge about legislation pertaining to Anti Money Laundering and Funding of Terrorism combat compliance.

Entry Requirements

Students should be in possession of a minimum School Leaving Certificate MQF Level 3

AND/OR

Be in possession of one of the following:

(a) Secondary Education Certificate in English as issued by Matsec at grade 5 or higher.”

(b) Or IELTs 6.0

Audience

Learning Outcomes

At the end of the module/unit the learner will have acquired the responsibility and autonomy to:

Capable to understand legal compliance pertaining to Anti Money Laundering and Combat Funding of Terrorism.
Adhere to the functions of MLRO officer as a Subject Person.
Capable to prepare basic financial computation and financial reporting.
Capable to present such statements and be able to interpret such statements.
Analyse basic knowledge about taxation and VAT matters pertaining to the real estate business.
Capable to understand required VAT and Taxation documents required in the operation of the consultancy business.

At the end of the module/unit the learner will have acquired the following skills:

Assess legal requirements pertaining to Anti Money Laundering and Prevention of Funding of Terrorism and the functions of a MLRO as a “Subject Person”.
Capable to collect required and relevant data, store adequately this data and report any suspicious activity in line with PMLFT as per MLRO requirements of a “Subject Person”.
Opt VAT and Taxation calculations are to be accounted for.
Prepare and issue VAT and Taxation documents and store such document as per required timeframes.
Capable to prepare financial projections and statement.
Capable of interpreting financial statements and financial calculations.

Assessment

This module shall be assessed by way of an assignment. Learners must obtain a minimum of 50% of the total mark to successfully pass from the module. In the case that learners do not pass on the first try, learners can re-sit the examination. In the case of recurring failure, learners shall be asked to re-do the module.

Assignment

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