This unit specifies the skills and knowledge required to prepare and conduct an auction of goods, chattels or equipment, including a clearing sale.

It includes preparing, conducting and completing the auction or clearing sale.

This unit applies to industry professionals in real estate.

State or territory licensing requirements may apply to this unit.

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

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)

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.

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
Prepare auction and sale documentation according to agency practice and legislative requirements.
Prepare and communicate instructions to assisting professionals and ensure auction documentation is available prior to auction date.
Prepare inventory of reserve and non-reserve items, including pricing requirements, according to agency practice.
Establish and document ownership of goods, chattels and equipment to be sold to enable clear title to be passed to buyers according to agency practice and legislative requirements.
Present goods, chattels and equipment to public using marketing materials agreed by seller to create product image.
Book and confirm staff and resources for auction day.
Read out terms and conditions of sale according to legislative requirements.
Describe goods, chattels and equipment, consistent with description available to public.
Respond to questions from potential bidders and other parties.
Submit goods, chattels and equipment for sale to solicit bids.
Signify close of auction for each lot using appropriate methods.
Knock down lot to successful bidder once reserve price has been met and all other bids exhausted.
Record sale details, including purchase name, immediately and accurately to maintain sales register.
Pass in lot when reserve price is not met and all bids exhausted.
Deliver records of auction transactions to agency to support timely preparation of financial records and completion of sale.
Obtain feedback on conduct and outcome of auction.
Prepare auction and sale documentation according to agency practice and legislative requirements.
Confirm suitability of auction site and display of required auction advice and documentation according to legislative requirements.
Read out terms and conditions of sale according to legislative requirements.
Monitor bids and maintain auction process to achieve reserve or best price for each lot.
Signify close of auction for each lot using appropriate methods.

Assessment Cover Sheet

CPPREP4509 - Auction goods, chattels or equipment

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

CPPREP4509 - Auction goods, chattels or equipment

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: