Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

CPPREP4125 Mapping and Delivery Guide
Transact in trust accounts

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency CPPREP4125 - Transact in trust accounts
Description
Employability Skills
Learning Outcomes and Application This unit specifies the skills and knowledge required to conduct transactions in real estate trust accounts.It includes identifying the purpose and types of property trust accounts, applying agency controls to transactions in property trust accounts for specific purposes, balancing, reconciling and reporting on trust account transactions, and maintaining records of trust account transactions.The unit applies to people currently working in or seeking to work in real estate in a capacity that requires them to transact in trust accounts. 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.
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
Elements of Competency Performance Criteria              
Element: Process deposits.
  • Receive trust account payments.
  • Provide receipts for payments received.
  • Prepare banking documentation to deposit trust moneys.
  • Record receipts in trust account cash journal and trust account ledger.
       
Element: Adhere to legislative requirements.
  • Outline the types and purpose of real estate trust accounts.
       
Element: Outline the personal obligations, responsibilities and legislative requirements for administering real estate trust accounts.
  • Receive trust account payments.
       
Element: Provide receipts for payments received.
       
Element: Prepare banking documentation to deposit trust moneys.
       
Element: Record receipts in trust account cash journal and trust account ledger.
       
Element: Process payment, fees and charges.
  • Receive and validate requests for payment.
       
Element: Confirm authorisation for payment.
       
Element: Check trust account ledger to confirm adequate funds in trust account before processing payment.
       
Element: Process payments from trust account.
       
Element: Process payment advice.
       
Element: Record payment from trust account in trust account cash journal and trust account ledger.
       
Element: Maintain and protect trust account records.
  • Balance and reconcile trust account.
       
Element: Apply agency contingency procedures to respond to discrepancies identified with trust account.
       
Element: Prepare records and statements of trust account transactions.
       
Element: Identify and explain the process for unclaimed trust money.
       
Element: Maintain security of trust account records.
       

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Receive trust account payments. 
Provide receipts for payments received. 
Prepare banking documentation to deposit trust moneys. 
Record receipts in trust account cash journal and trust account ledger. 
Outline the types and purpose of real estate trust accounts. 
Receive trust account payments. 
 
 
 
Receive and validate requests for payment. 
 
 
 
 
 
Balance and reconcile trust account. 
 
 
 
 

Forms

Assessment Cover Sheet

CPPREP4125 - Transact in trust accounts
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

CPPREP4125 - Transact in trust accounts

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: