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

CPPREP4162 Mapping and Delivery Guide
Conduct and complete sale by auction

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency CPPREP4162 - Conduct and complete sale by auction
Description
Employability Skills
Learning Outcomes and Application This unit specifies the skills and knowledge required to conduct an auction of property. It includes accessing, interpreting and applying written instructions for the auction, calling an auction and completing the auction process, including when a property is sold and when a property is passed in.The unit applies to auctioneers or people seeking to work as auctioneers. 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: Open auction.
  • Read out terms and conditions of sale by auction according to legislative requirements
  • Identify property and vendor in relation to the contract.
  • Respond to questions from potential bidders and other parties.
  • Submit property for sale by auction and call for opening bids.
       
Element: Complete auction.
  • Signify close of auction using appropriate strategy such as final calls, fall of hammer and closing script.
  • Knock down property to successful bidder once reserve price has been met and all other bids are exhausted.
  • Pass in property if reserve price is not met and all bids are exhausted.
  • Offer highest bidder opportunity to negotiate with vendor when property fails to reach reserve price.
  • Obtain feedback on auction from vendors and colleagues.
       
Element: Confirm pre-auction terms, conditions and presentation.
  • Assess suitability of auction site and auction equipment and identify risks to self and others.
       
Element: Confirm required auction advice is displayed according legislative requirements.
       
Element: Review auction documentation and examine major points including auction instructions, authorities, contracts, reserve price, co-owner and vendor bids.
       
Element: Confirm number of registered bidders, online bidding and bidding by authority according to legislative requirements.
       
Element: Liaise with vendor or sales agent for final instructions.
  • Read out terms and conditions of sale by auction according to legislative requirements
       
Element: Identify property and vendor in relation to the contract.
       
Element: Respond to questions from potential bidders and other parties.
       
Element: Submit property for sale by auction and call for opening bids.
       
Element: Manage auction to maintain flow.
  • Conduct the auction according to legislative requirements.
       
Element: Manage bidding process and maintain auction process to achieve reserve price.
       
Element: Seek instructions from vendor or sales agent for vendor bids or to change reserve.
       
Element: Implement trial close strategy.
  • Signify close of auction using appropriate strategy such as final calls, fall of hammer and closing script.
       
Element: Knock down property to successful bidder once reserve price has been met and all other bids are exhausted.
       
Element: Pass in property if reserve price is not met and all bids are exhausted.
       
Element: Offer highest bidder opportunity to negotiate with vendor when property fails to reach reserve price.
       
Element: Obtain feedback on auction from vendors and colleagues.
       

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
Read out terms and conditions of sale by auction according to legislative requirements 
Identify property and vendor in relation to the contract. 
Respond to questions from potential bidders and other parties. 
Submit property for sale by auction and call for opening bids. 
Signify close of auction using appropriate strategy such as final calls, fall of hammer and closing script. 
Knock down property to successful bidder once reserve price has been met and all other bids are exhausted. 
Pass in property if reserve price is not met and all bids are exhausted. 
Offer highest bidder opportunity to negotiate with vendor when property fails to reach reserve price. 
Obtain feedback on auction from vendors and colleagues. 
Assess suitability of auction site and auction equipment and identify risks to self and others. 
 
 
 
Read out terms and conditions of sale by auction according to legislative requirements 
 
 
 
Conduct the auction according to legislative requirements. 
 
 
Signify close of auction using appropriate strategy such as final calls, fall of hammer and closing script. 
 
 
 
 

Forms

Assessment Cover Sheet

CPPREP4162 - Conduct and complete sale by auction
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

CPPREP4162 - Conduct and complete sale by auction

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: