Assessor Resource

CPPDSM4030A
Appraise rural property

Assessment tool

Version 1.0
Issue Date: April 2024


This unit of competency supports the work of licensed stock and station agents and stock and station representatives or certificate holders involved in appraising the sale price range or rental value of rural property for listing purposes.

This unit of competency specifies the outcomes required to appraise the sale price range or rental value of rural property for listing purposes in line with client instructions, agency practice and legislative requirements. It includes researching the property, selecting appropriate methods to appraise the sale price range or rental value of property and preparing reports on the property appraisal. It does not address the formal valuation of property.

The unit may form part of the licensing requirements for persons engaged in stock and station activities in those States and Territories where these are regulated activities.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)

Prerequisites

Nil

Employability Skills

The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.



Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.

Overview of assessment

This unit of competency could be assessed through practical demonstration or case study of appraising rural property for listing purposes for sale or leasing. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.

Critical aspects for assessment and evidence required to demonstrate competency in this unit

A person who demonstrates competency in this unit must be able to provide evidence of:

appraising the sale price range or rental value of rural property for listing purposes

gathering and researching information on rural property for use in conducting appraisals

identifying the limitations of rural property appraisals and sourcing specialist advice as required in line with agency practice

knowledge of agency practice, ethical standards and legislative requirements associated with appraising the sale price range or rental value of rural property for listing purposes

knowledge of different property appraisal methods

maintaining agency property records with due regard to client confidentiality in line with agency practice and legislative requirements

presenting information on sale price range or rental value of rural property to clients within specified time, budget and quality constraints and in line with client requirements and agency practice

using appropriate methods for appraising the sale price range or rental value of rural property.

Context of and specific resources for assessment

Resource implications for assessment include:

access to suitable simulated or real opportunities and resources to demonstrate competence

assessment instruments that may include personal planner and assessment record book

access to a registered provider of assessment services.

Where applicable, physical resources should include equipment modified for people with disabilities.

Access must be provided to appropriate learning and/or assessment support when required.

Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.

Validity and sufficiency of evidence require that:

competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace

where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence

all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence

where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time

assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.

In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

This section describes the essential skills and knowledge and their level, required for this unit.

Required skills:

ability to communicate with and relate to people from a range of social, economic and cultural backgrounds and with varying physical and mental abilities

analytical skills to interpret documents such as legislation, regulations and rural property reports

application of risk management strategies associated with appraising the sale price range or rental value of rural property for listing purposes

computing skills to access the internet and web pages, prepare and complete online forms and search online databases

decision making and problem solving skills to analyse situations and make decisions consistent with legislative and ethical requirements

literacy skills to access and interpret a variety of texts, including legislation, regulations and rural property reports; prepare rural property appraisal reports; prepare formal and informal letters, advertisements and reports; and complete standard and statutory forms

numeracy skills to calculate and interpret data such as trends in rural property sale prices and rents

research skills to gather information from a variety of sources on different forms of property, rents and sale price trends, and sale prices and rents of comparable rural properties.

Required knowledge and understanding:

agency principal relationship

agency property records, including:

key features of a records management system

reasons for maintaining property records

types of property records

determination of sales price range or rental price of rural properties, including:

appraisal methods

local market factors

factors that affect return on rural property, such as:

climatic

economic

international markets

political

social

technological

water

key indicators of rural property market conditions

market conditions, including:

leasing market conditions

rural sector conditions

sales market conditions

property appraisal, including:

content and format of appraisal report

difference between appraisal and valuation

factors that influence whether rural properties are comparable for appraisal purposes

information required for appraisals of rural properties

key sources of information required for appraisals

property appraisal methods

purpose of property appraisals

property knowledge, including:

chattels

dairies: quotas, breeds, lactation, dairy layout and equipment and conversion factors, such as dairy set up, herd, access and distance to market

cropping properties: yields, seasons, types of crops, soils, facilities such as grain storage and transport, diseases and rotational cropping

general: local market conditions, trends in sector and industry, land titles, geophysical and topographical characteristics, carrying capacity, local land characteristics, production expectations, stock agistment and growing potential

grazing properties: dry sheep equivalent (DSE)/carrying capacity, pastures, soil types and breeds

irrigated properties: water licence availability, soil types, topography, and types of reticulation, such as flood, drip, direct or row cropping

water

relevant federal and state or territory legislation and local government regulations related to:

animal health

anti-discrimination

aquaculture

consumer protection

crown land

environmental issues

equal employment opportunity (EEO)

financial probity

franchises and business structure

industrial relations

livestock

native title

OHS

privacy

rural property sales, leasing and management

taxation

water rights

return on rural property investment

risks and risk management strategies associated with rural property appraisal

role of the stock and station agent in providing property appraisal

sources of information on market conditions.

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.

Purpose of property appraisal may include:

establish most likely selling price range or leasing price in the current market

establish rural property's best use.

Legislative requirements may include:

relevant federal and state or territory legislation and local government regulations related to:

animal health

anti-discrimination

aquaculture

consumer protection

crown land

environmental issues

EEO

financial probity

franchises and business structure

industrial relations

livestock

native title

OHS

privacy

rural property sales, leasing and management

taxation

water rights.

Rural property may include:

acreage

commercial

farm, including:

aquaculture

cropping

dairy

grazing

horticulture

mixed uses

olive

orchard

trees

viticulture

hobby farms

residential

water.

Interpersonal communication techniques may include:

active listening

providing an opportunity for clients to clarify their understanding of the sales process

soft questioning and seeking feedback from clients to confirm own understanding of their needs and expectations

summarising and paraphrasing to check understanding of client message

using appropriate body language.

Relevant people may include:

accountants

agronomists

auctioneers

clients

colleagues

commodity pricing consultants

crop specialists

government officials

industry professionals and members of industry associations

investment consultants

legal representatives

livestock specialists

soil scientists

stock and station agents

supervisors

taxation specialists

valuers

veterinarians.

Source documents may include:

aerial photography

agency records

auction results

chemical status reports

commodity prices

company asset documents and registers

comparative market data

depreciation schedules

farm documents

financial documents

land use controls

licences, leases and quota documentation

local government reports

maps

planning

production statistics

qualitative and quantitative data

rent reviews

reports and inventories

rural media

rural property sales reports

rural property valuation statements

taxation records

titles

water licences

weather reports.

Method for appraising the sale price range or rental value of property may include:

capitalisation

comparative sales

hypothetical development

replacement cost

summation.

Specialist advice may include:

accountants

agronomists

bankers and financiers

business consultants

commodity experts and consultants

engineers

farming consultants

government officials

industry professionals and members of industry associations

investment consultants

livestock advisers

real estate agents

soil scientists

solicitors

subcontractors

taxation specialists

technical experts

valuers

water consultants.

Business equipment and technology may include:

computers

data storage devices

email

facsimile machines

internet, extranet and intranet

photocopiers

printers

scanners

software applications, such as databases and word applications.

Feedback may include:

comments from clients and colleagues

documentation and reports

quality assurance data

questionnaires

regular meetings.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Purpose of property appraisal is established with client in line with agency practice and legislative requirements. 
Information on rural property is gathered and organised in a format suitable for analysis and interpretation in line with agency practice. 
Information gathering methods are selected that are reliable, make efficient use of time and resources and are in line with agency practice. 
Appropriate interpersonal communication techniques are used to access additional information from relevant people. 
Source documents are obtained and analysed to determine status and ownership of rural property, in line with agency practice and legislative requirements. 
Appropriate method for appraising the sale price range or rental value of rural property is selected in line with agency practice. 
Sale price range or rental value of rural property is appraised for listing purposes in line with client instructions, agency practice and legislative requirements. 
Appraisal of sale price range or rental value of rural property is in line with agency practice and is clear, justified and based on assessment of all factors. 
Limitations in appraising rural property are recognised and specialist advice is sought as required in line with agency practice. 
Information on sale price range or rental value of rural property is presented to client within specified time, budget and quality constraints and in line with client requirements and agency practice. 
Information is prepared and presented in required format, style and structure using relevant business equipment and technology. 
Feedback on suitability and sufficiency of appraisal is obtained and where appropriate incorporated into advice. 
Agency property records are securely maintained in line with agency and legislative requirements, with due regard to client confidentiality. 

Forms

Assessment Cover Sheet

CPPDSM4030A - Appraise rural property
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

CPPDSM4030A - Appraise rural property

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: