Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CPPREP4101 Mapping and Delivery Guide
Appraise property for sale or lease
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CPPREP4101 - Appraise property for sale or lease |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit specifies the skills and knowledge required to appraise residential property for sale or lease.It includes selecting appraisal method/s and recommending appraisal price of property for sale or lease.This unit does not include establishing a formal property valuation.This unit applies to people currently working in or seeking to work in real estate who apply a knowledge of legislative and compliance requirements, ethical standards and consumer preferences to manage real estate operations. 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: Prepare for property appraisal. |
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Element: Confirm and document client requirements and expectations for property appraisal. | ||||||||
Element: Obtain and document agreement to proceed with property appraisal. | ||||||||
Element: Confirm and record property ownership, attributes and features relevant to property to be appraised. | ||||||||
Element: Research and analyse property market conditions and property attributes. |
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Element: Inspect property and location. | ||||||||
Element: Identify and document market conditions and indicators for sale or lease price. | ||||||||
Element: Collate source documents and information to support property appraisal. | ||||||||
Element: Analyse information to determine market indicators and expected price range or rental value for property. | ||||||||
Element: Identify sources of specialist advice to assist appraisal as required. | ||||||||
Element: Prepare and present appraisal report. |
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Element: Present property appraisal report to client. | ||||||||
Element: Obtain and document feedback from client on property appraisal report. | ||||||||
Element: Maintain documented evidence from appraisal activities to ensure confidentiality of information. | ||||||||
Element: Analyse feedback from client to inform future presentations. |