Application
This unit of competency supports the work of licensed real estate agents and real estate representatives, and support staff engaged in processing applications from tenants for the lease of all forms of property. The work is performed under supervision in line with agency practice and relevant legislative requirements. |
Prerequisites
Nil |
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA | |||
1Complete managing agent documentation. | 1.1 Authority to manage property is confirmed with landlord in line with agency practice and legislative requirements. 1.2 Required agency and statutory documentation is explained to landlord. 1.3 Required agency and statutory documentation is produced in line with agency practice and legislative requirements. | |||
1.4 Relevant information obtained from landlord is verified in line with agency practice and legislative requirements. 1.5 Required agency and statutory documentation is accurately completed, signed and securely stored in line with agency practice. | ||||
2Select tenant. | 2.1 Applications to lease property are received from prospective tenants in line with agency practice and legislative requirements. 2.2 Agency procedures for screening prospective tenants are implemented in line with agency practice and legislative requirements. 2.3 Agency procedures for reviewing applications from prospective tenants, referring applications to landlord and selecting tenants are implemented in line with agency practice and legislative requirements. | |||
3Complete leasing documentation. | 3.1 Leasing documentation is explained to prospective tenant. 3.2 Leasing documentation is produced in line with agency practice and legislative requirements. 3.3 Relevant information obtained from prospective tenant is verified in line with agency practice and legislative requirements. 3.4 Leasing documentation is accurately completed, signed and securely stored in line with agency practice, legislative requirements and landlord instructions. | |||
4Process receipt of security deposits (bonds) and rent. | 4.1 Moneys are received and accurately recorded in line with agency practice and legislative requirements. 4.2 Security deposits are secured and forwarded to statutory authorities within specified timeframe. 4.3 Incident reports are followed up with appropriate personnel where necessary. | |||
5Place new tenant in property. | 5.1 New tenants areplaced in rental property in line with agency practice and legislative requirements. 5.2 Pre and post-tenancy reports are accurately produced according to agency practice and legislative requirements. | |||
6Record tenant and landlord transactions on agency database. | 6.1 Verified transactions are accurately recorded on agency database in line with agency practice. 6.2 Records of tenant and landlord information are regularly updated to ensure reliable records are kept in line with agency practice. |
Required Skills
This section describes the essential skills and knowledge and their level, required for this unit. | |
Required skills: ability to communicate with and relate to a range of people from diverse social, economic and cultural backgrounds and with varying physical and mental abilities analytical skills to interpret documents such as agency and statutory forms application of risk management strategies associated with advising clients on property sales and property management options computing skills to access agency databases, send and receive emails and complete standard forms online decision making and problem solving skills to analyse situations and make decisions consistent with legislative and ethical requirements literacy skills to access and interpret a variety of texts, including agency and statutory forms; complete standard forms; and prepare general information, papers and formal and informal letters numeracy skills to calculate and interpret data, such as rents and security deposits planning, organising and scheduling skills to place new tenants in rented properties research skills to identify and locate documents and information relating to leasing of rented properties. | |
Required knowledge and understanding: bonds and security deposits condition reports and disclosure statements ethical practices associated with leasing of property leases, including: commercial and industrial holiday | |
residential retail placing new tenant in rental property, including: government fees and duties keys rights and obligations security deposits tenancy documentation relevant federal, and state or territory legislation and local government regulations relating to: anti-discrimination and equal employment opportunity consumer protection, fair trading and trade practices employment and industrial relations financial services OHS privacy property management rent residential tenancy agreements rights and duties of tenants and landlords risks and risk management strategies screening tenants, including: capacity to pay financial limits match suitable properties to tenant's needs motives needs preferences statutory and other forms of agreement and lease | |
tenancy application processes, including: criteria for selecting tenants interviewing tenants notifying selected tenant obtaining tenancy applications recording tenancy arrangements reviewing references reviewing tenancy applications tenancy application forms. |
Evidence Required
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment | This unit of competency could be assessed through practical demonstration of processing applications from tenants for the lease of all forms of property. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment. |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | A person who demonstrates competency in this unit must be able to provide evidence of: completion of leasing documentation completion of managing agent documentation knowledge and application of agency and legislative requirements associated with the handling of moneys, including rents and security deposits |
knowledge of ethical practices associated with leasing of property knowledge of legislative and regulatory requirements relating to the processing of applications for the leasing of property knowledge of statutory and standard forms associated with leasing of property knowledge of the rights and duties of landlords and tenants receiving applications from prospective tenants in line with agency practice and legislative requirements selecting and approving tenants in line with agency practice and legislative requirements. | |
Context of and specific resources for assessment | Resource implications for assessment include: access to suitable simulated or real opportunities and resources to demonstrate competence assessment instruments that may include personal planner and assessment record book access to a registered provider of assessment services. Where applicable, physical resources should include equipment modified for people with disabilities. Access must be provided to appropriate learning and/or assessment support when required. Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed. Validity and sufficiency of evidence require that: competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit. In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed. |
Range Statement
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Legislative requirements may include: | relevant federal, and state or territory legislation and local government regulations relating to: anti-discrimination and equal employment opportunity consumer protection, fair trading and trade practices employment and industrial relations financial services leases and tenancy agreements OHS privacy property management. |
Lease may include: | commercial and industrial holiday residential retail. |
Screening prospective tenants may include: | capacity to pay financial limits motives needs and preferences tenancy databases. |
Appropriate personnel may include: | agency principal licensed real estate agent landlord. |
Placing new tenant in rental property may refer to: | government fees and duties keys rights and obligations security deposits tenancy documentation. |
Sectors
Unit sector | Property development, sales and management |
Competency Field
Real estate |
Employability Skills
The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements. |
Licensing Information
Refer to Unit Descriptor