Application
This unit specifies the skills and knowledge required to identify, access and interpret legislation relevant to work in real estate.
It includes developing an understanding of the legislative framework, its structure and the impact of legislation on work in real estate.
This unit applies to people currently working in or seeking to work in real estate.
The unit is particularly relevant when people seek to relocate and resume practice in a different state or territory or to offer different real estate industry services.
State or territory licensing requirements may apply to this unit.
Elements and Performance Criteria
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. | ||
1 | Interpret legislation. | 1.1 | Identify and explain common problems with interpreting legislation and consequences for misinterpreting legislation. |
1.2 | Identify and interpret guidance material to support interpretation of legislation. | ||
1.3 | Identify and analyse legislation relevant to real estate activities. | ||
1.4 | Explain the role of regulators in relation to the legislation. | ||
2 | Maintain knowledge of current legislation. | 2.1 | Identify own responsibility to access, read, interpret and apply legislation to real estate operations. |
2.2 | Identify and apply techniques to access current and point-in-time versions of legislation. | ||
2.3 | Identify and apply techniques for tracking changes and amendments to legislation. | ||
3 | Identify processes to resolve concerns. | 3.1 | Examine and record processes to investigate discrepancies in application of legislation. |
3.2 | Examine and record processes to respond to discrepancies between personal or agency practice and current legislation. | ||
Foundation Skills
Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.
Sectors
Real estate