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

Required skills

analytical skills to apply basic statistical methods and techniques

computing skills to access the internet and web pages prepare and complete online forms lodge electronic documents and search online databases

interpersonal skills to relate to people from a range of social cultural and ethnic backgrounds and varying physical and mental abilities and to deal with stakeholders

numeracy skills to interpret asset depreciation schedules

organisational skills to prepare advice and recommendations and to use organisational filing systems

problem solving skills to determine factors that may affect depreciation of assets

research skills to analyse and interpret financial information and identify relevant sources of information

technology skills to use financial and assessment software and spreadsheets efficiently and to access market information

Required knowledge and understanding

alternative property uses

asset life cycles

budgets and financial reporting

ethical practices and relevant codes of conduct

industry benchmarks

investment risk factors and relationship to return expectations

range of research methods and analysis techniques

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

antidiscrimination

consumer protection

environmental issues

equal employment opportunity EEO

financial probity

franchise and business structures

industrial relations

OHS

privacy

property sales leasing and management

Overview of assessment

This unit of competency could be assessed through practical demonstration of providing advice on current property investments 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

accessing and comparing a range of information and statistical data to determine performance of assets

following organisational and legislative procedures when giving advice

knowledge of organisations practices ethical standards and legislative requirements associated with providing advice on current property investments

providing appropriate advice and recommendations to clients regarding their assets

using appropriate techniques to verify client needs

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 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

Clients may include:

Client needs and expectations may relate to:

Organisational requirements may be outlined and reflected in:

Existing or potential issues may relate to:

Sources of information may include:

Assets may include:

Source documents may include:

Interpersonal techniques may relate to:

Legislative requirements may be outlined and reflected in:

Market conditions may relate to:

Industry benchmarks may include:

Comparative market data may include:

Advice and recommendations may relate to:

Business equipment and technology may include:

Relevant people may include:

Feedback may be obtained through:

Specialist advice may be sought from: