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Elements and Performance Criteria

  1. Qualify buyer.
  2. Arrange property inspection for potential buyer.
  3. Maintain communication with seller.
  4. Deliver effective sales presentation.
  5. Submit offer and negotiate property sale.
  6. Manage contract to settlement.
  7. Prepare documentation for agency disbursements.
  8. Decide on future contact with prospects.
  9. Maintain client relationships.

Required Skills

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 on matters associated with sale of rural property

analytical skills to interpret documents such as contracts legislation and regulations

application of risk management strategies associated with the sale of rural property

computing skills to access agency databases send and receive emails and complete standard forms online

decision making and problem solving skills to analyse situations and make decisions consistent with legislative and ethical requirements associated with sale of rural property

literacy skills to access and interpret a variety of texts including legislation regulations and contracts prepare general information papers formal and informal letters reports and applications and complete standard and statutory forms

negotiation skills to assist sellers and buyers to reach agreement on price and conditions of sale of rural property

numeracy skills to perform calculations associated with rural property sales

planning organising and scheduling skills to make appointments with sellers and buyers in the process of selling rural property

research skills to identify and source documents and information related to sale of rural property

Required knowledge and understanding

agency disbursements including

authorisations signatures and identifications that must be obtained prior to disbursement

calculation and protection of agency fees during disbursement activities

documentation for agency disbursements

financial transactions that take place at settlement

consumer protection principles that impact on the sale of rural property including

cooling off provisions

false representation and misleading conduct in relation to the sale of land

impact of consumer protection legislation on contracts

insurance provisions

penalties and remedies for breaches

protection offered for consumers

rights and obligations of agents

secret commissions

contracts for sale of rural property including

chattels and fixtures

contract inclusions such as pasturing of livestock clearing of timber verification of equipment specifications irrigation equipment trailers pipes machinery fencing materials and electric fencing components

contract requirements for special circumstances such as providing finance

defects in property

defects in title

affect of acceptance of title

implied matters

prescribed or permitted forms

requisitions on title

special conditions such as insurance natural increases timber crops water licences permissive occupancy possession prior to completion or depasturing

deposit funds including

capacity in which an agent holds deposit moneys

circumstances in which deposit moneys may be released by the agent to the seller

procedures an agent must follow when receiving deposit funds from a buyer

ethical and conduct standards

general legal principles that affect property law relating to the sale of rural property including

adverse possession

contracts

easements

fee simple and life estates

mortgages

real and personal property

restrictive covenants

the general law system and the Torrens system of title

types of interest in land

insurance

marketing aids

methods of sale such as

auction

off the plan

private treaty

reverse auction

specialised properties

tender

negotiation techniques

property inspections

property knowledge including

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

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

general local market conditions trends in sector and industry land titles geophysical and topographical characteristics carrying capacity and local land characteristics

grazing properties dry sheep equivalent DSEcarrying 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

qualifying buyers

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

animal health

antidiscrimination

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

rural property sales including

after sales procedures

agency and statutory documentation

sales presentation

settlement including

buyers rights to inspect property prior to settlement

contingencies that may emerge prior to settlement and actions that can be taken to avoid one or more parties being unable to fulfil contractual obligations

forms prepared at settlement

procedures for handling possible deterioration of stock chattels and property if the sale fails to complete

procedure for settling the sale of property

responsibilities of sellers and buyers

responsibility of sellers and buyers with regard to building and content insurance prior to settlement

rights of sellers and buyers if either party is unable to settle on due date

techniques for identifying needs and motivations of buyers

trust accounting

Evidence Required

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 of selling different types of rural property monitoring the lodgement of documents for the correct transfer of ownership required for a legal sale of rural property and preparing documentation for agency disbursements Targeted written including alternative formats where necessary or verbal questioning to assess the candidates underpinning knowledge would provide additional supporting evidence of competence The demonstration and questioning would include collecting evidence of the candidates 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

arranging and conducting property inspections for potential buyers

completing standard and statutory documentation associated with the sale of rural property

knowledge and application of approaches for qualifying buyers

knowledge of agency practice ethical standards and legislative requirements affecting the sale of rural property the transfer of ownership required for the legal sale of rural property and agency disbursements

knowledge of consumer protection principles that affect the sale of rural property

maintaining business records associated with the sale of property

maintaining communications with sellers and buyers throughout the sales process

negotiating the sale of property with sellers and buyers

planning and delivering effective sales presentations to facilitate sale of rural property

managing contracts for sale of rural property to settlement

monitoring the lodgement of documents for the correct transfer of ownership required for a legal sale of all types of rural property and businesses

preparing documentation for agency disbursements

Context of and specific resources for assessment

Resource implications for assessment include

access to a registered provider of assessment services

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

assessment instruments that may include personal planner and assessment record book

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

Access must be provided to appropriate learning andor 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 persons 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 RCCRPL 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 projectbased 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


Range Statement

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.

Enquiries from potential buyers may be received through:

email

inspections

office

open houses

referral

telephone

website.

Rural property may include:

commercial

farm, including:

acreage

aquaculture

cropping

dairy

grazing

hobby farm

horticulture

mixed uses

olive

orchard

trees and forests

viticulture

industrial

residential

retail

water.

Appropriate rapport relates to use of techniques that:

establish and build confidence and trust in the agency and its representatives

make the buyer feel valued

promote and maintain an effective relationship with buyer.

Buyer requirements may include:

access to transport and facilities

access to suppliers and markets

finance

location

price

purpose of purchase, including:

business

farming activities

holiday

investment

private residence

water

settlement period

size and style of property

zoning.

Appropriate interpersonal communication techniques may include:

active listening

providing an opportunity for the buyer or seller to clarify understanding of the sales process

soft questioning and seeking feedback from sellers or buyers to confirm own understanding of their needs and expectations

summarising and paraphrasing to check understanding of seller or buyer's message

using appropriate body language.

Factors likely to influence purchase of rural properties may include:

climatic

economic

historical

political

seasonal

technological.

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

taxation

water rights.

Promotional material may include:

agent and agency profile

brochures and pamphlets

posters

property descriptions

web page entry.

Effective questioning techniques may include:

active listening

clarity of questions

different question types

reflection

using silences.

Records of inspection may include:

buyer reaction to property

buyer requirements

name and contact details of potential buyers.

Factors affecting the successful conclusion of the sale may include:

area and environment in which the property is located

availability of comparable properties

circumstances of buyer or seller

marketing preferences of seller

professional skills and resources of agent

state of the market for type of property

type and condition of property.

Key decision makers may include:

buyer's agent

business associates

executors

family members

financiers

friends of buyer

providers of professional advice, such as:

accountants

building advisers

financial advisers

legal representatives

rural property advisers

spouse or partner

trustees.

Presentation may include:

active listening

appearance

body language

use of information technology, such as website, virtual tours and online databases

use of support and promotional materials

voice.

Effective negotiation techniques may include:

analytical skills

listening techniques

non-verbal communication skills

personal attributes

presentation techniques

questioning techniques

speaking skills.

Effective techniques used for dealing with conflict and breaking deadlocks may include:

calling in a third party

clarifying the positions of both parties

deferring the decision

preparing a compromise

restating the position

summarising the progress to date.

Effective techniques used for closing sale may include:

alternate option close

assumption close

competition close

customer close

deal or concession close

direct close

indirect close

summary-of-benefits close

time-driven close.

Sale of property documentation may include:

agency agreement

contract of sale, contract note or contract for the sale of businesses

contract inclusions, such as pasturing of livestock, clearing of timber and verification of equipment specifications

declaration of selling agent

financial statement to buyer

receipt for deposit

special conditions, including insurance, natural increases, timber, crops, water licences, permissive occupancy, possession prior to completion and depasturing

vendor's statement and trading statement.

Settlement requirements may include:

buyer settlement responsibilities include:

anything new the lender requires, such as a notice of acquisition or a disbursement order

bank cheques for the balance of purchase money plus or minus adjustments

seller settlement responsibilities include:

any other documents necessary to provide a clear title to the buyer, such as discharge of mortgage, withdrawal of caveats and change of name declaration

disconnection of services, such as water, gas, electricity and telephone

keys

notify rating and taxation authorities of sale

title

transfer of land

value of land and chattels.

Deposit funds may refer to:

capacity of agent to hold

capacity of agent to release to seller.

Settlement agents and other assisting professionals may include:

accountants

conveyancers

financiers and financial institutions

landlords, managing agents and owners

legal advisers

licensed settlement agents.