Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CPPREP4005 Mapping and Delivery Guide
Prepare to work with real estate trust accounts
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CPPREP4005 - Prepare to work with real estate trust accounts |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit specifies the skills and knowledge required to work with real estate trust accounts within established agency controls.This unit applies to people currently working in or seeking to work in the real estate industry.State or territory licensing requirements may apply to this unit. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Examine trust accounts. |
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Element: Explain the purpose of trust accounts in real estate. | ||||||||
Element: Analyse regulatory requirements for the operation of trust accounts, including manual and electronic operating systems. | ||||||||
Element: Identify established controls applicable to real estate trust account transactions. |
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Element: Explain scope and limitations of own role for trust account activities. | ||||||||
Element: Analyse licensee-in-charge responsibilities for trust account transactions, including audits. | ||||||||
Element: Explain impacts on clients and agency of inaccuracies in trust account and of trust account fraud. | ||||||||
Element: Explain common inaccuracies in trust account transactions. |
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Element: Explain common sources of inaccuracies in trust account transactions and the processes to address these. | ||||||||
Element: Outline monthly trust account processes required by legislation in the state or territory of operations. |