Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CPPREP4105 Mapping and Delivery Guide
Sell property
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CPPREP4105 - Sell property |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit specifies the skills and knowledge required to sell property by methods including private treaty, auction and other negotiations.It includes presenting property for sale, negotiating sales between vendors and buyers, and facilitating completion of contracts.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 property for sale. |
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Element: Provide recommendations to vendor about property presentation to maximise buyer interest. | ||||||||
Element: Verify that contract and supporting documents are available for potential buyers. | ||||||||
Element: Identify potential risks to vendor, prospective buyers and agent associated with property inspection, and propose control measures. | ||||||||
Element: Plan and facilitate property inspection that meets vendor and buyer needs. | ||||||||
Element: Record inspection details. | ||||||||
Element: Discuss buyer feedback with vendor and make recommendations as required. | ||||||||
Element: Complete property sale by negotiation. |
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Element: Confirm deposit requirements. | ||||||||
Element: Facilitate completion of sale and deposit. | ||||||||
Element: Complete documentation as required. | ||||||||
Element: Complete sale of property by auction. |
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Element: Collate documentation for auction day. | ||||||||
Element: Facilitate final inspection of property and respond to buyer enquiry. | ||||||||
Element: Assist bidders in bidding processes | ||||||||
Element: Negotiate with buyer and vendor when a property is passed in. | ||||||||
Element: Communicate with under-bidders. | ||||||||
Element: Complete documentation. | ||||||||
Element: Complete follow-up procedures after auction according to agency practice, ethical standards and legislative requirements. | ||||||||
Element: Conclude sale of property. |
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Element: Plan for contingencies that may affect the completion of sale. | ||||||||
Element: Complete settlement day processes. | ||||||||
Element: Confirm settlement has concluded and complete post-settlement processes. | ||||||||
Element: Update records and databases to record sales and inform future prospecting activities. | ||||||||
Element: Evaluate sales process and identify opportunities for future business. |
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Element: Evaluate vendor and buyer satisfaction. | ||||||||
Element: Update records and databases to inform future prospecting activities. |