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Evidence Guide: BSBCNV501 - Take instructions in relation to a transaction

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBCNV501 - Take instructions in relation to a transaction

What evidence can you provide to prove your understanding of each of the following citeria?

Establish the client’s needs

  1. Identify, clarify and assess client needs and expectations in accordance with the practice’s policy and procedures
  2. Determine and discuss optional courses of action with client
  3. Check information in relation to the transaction for accuracy and relevance
  4. Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction
  5. 1.5 Record and document client's needs and responsibilities promptly and accurately
Identify, clarify and assess client needs and expectations in accordance with the practice’s policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine and discuss optional courses of action with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check information in relation to the transaction for accuracy and relevance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

1.5 Record and document client's needs and responsibilities promptly and accurately

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify any conflict of interest

  1. Identify and record existing or potential conflicts of interest associated with the transaction
  2. Assess conflicts of interest to determine appropriate action for the client and practice, and promptly advise client of any necessary action
Identify and record existing or potential conflicts of interest associated with the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess conflicts of interest to determine appropriate action for the client and practice, and promptly advise client of any necessary action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify parties, properties and other interests

  1. Accurately identify and explain the roles of various parties involved in the conveyancing transaction
  2. Analyse and explain estates and interests in the property of the relevant transaction
  3. Analyse documentation and titles to confirm facts pertaining to the transaction
  4. Communicate accurately to the client the title and contract details and respective consequences
Accurately identify and explain the roles of various parties involved in the conveyancing transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and explain estates and interests in the property of the relevant transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse documentation and titles to confirm facts pertaining to the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate accurately to the client the title and contract details and respective consequences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine terms of engagement

  1. Determine appropriate terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly
  2. Establish and record client’s agreement with terms
  3. Obtain authorities from client and other relevant parties
  4. Check estimates of fees, disbursements and time for accuracy and completeness and provide to client
Determine appropriate terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and record client’s agreement with terms

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain authorities from client and other relevant parties

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check estimates of fees, disbursements and time for accuracy and completeness and provide to client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine contingency strategies

  1. Assess contingencies relating to the transaction and advise the client
  2. Determine contingency strategies and options and agree in consultation with client
Assess contingencies relating to the transaction and advise the client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine contingency strategies and options and agree in consultation with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Initiate the transaction

  1. 6.1 Select a course of action which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice
  2. Advise client of all actions to be implemented to meet their agreed needs and expectations
  3. Confirm and promptly record instructions from client to proceed or not to proceed
  4. Make referrals to other professionals or third parties where appropriate
  5. Formally open, organise and document all relevant instructions, information, facts and evidence in client file
6.1 Select a course of action which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Advise client of all actions to be implemented to meet their agreed needs and expectations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm and promptly record instructions from client to proceed or not to proceed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make referrals to other professionals or third parties where appropriate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Formally open, organise and document all relevant instructions, information, facts and evidence in client file

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish the client’s needs

  1. Identify, clarify and assess client needs and expectations in accordance with the practice’s policy and procedures
  2. Determine and discuss optional courses of action with client
  3. Check information in relation to the transaction for accuracy and relevance
  4. Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction
  5. Record and document client's needs and responsibilities promptly and accurately
Identify, clarify and assess client needs and expectations in accordance with the practice’s policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine and discuss optional courses of action with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check information in relation to the transaction for accuracy and relevance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record and document client's needs and responsibilities promptly and accurately

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Establish the client’s needs

1.1 Identify, clarify and assess client needs and expectations in accordance with the practice’s policy and procedures

1.2 Determine and discuss optional courses of action with client

1.3 Check information in relation to the transaction for accuracy and relevance

1.4 Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction

1.5 Record and document client's needs and responsibilities promptly and accurately

2 Identify any conflict of interest

2.1 Identify and record existing or potential conflicts of interest associated with the transaction

2.2 Assess conflicts of interest to determine appropriate action for the client and practice, and promptly advise client of any necessary action

3 Identify parties, properties and other interests

3.1 Accurately identify and explain the roles of various parties involved in the conveyancing transaction

3.2 Analyse and explain estates and interests in the property of the relevant transaction

3.3 Analyse documentation and titles to confirm facts pertaining to the transaction

3.4 Communicate accurately to the client the title and contract details and respective consequences

4 Determine terms of engagement

4.1 Determine appropriate terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly

4.2 Establish and record client’s agreement with terms

4.3 Obtain authorities from client and other relevant parties

4.4 Check estimates of fees, disbursements and time for accuracy and completeness and provide to client

5 Determine contingency strategies

5.1 Assess contingencies relating to the transaction and advise the client

5.2 Determine contingency strategies and options and agree in consultation with client

6 Initiate the transaction

6.1 Select a course of action which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice

6.2 Advise client of all actions to be implemented to meet their agreed needs and expectations

6.3 Confirm and promptly record instructions from client to proceed or not to proceed

6.4 Make referrals to other professionals or third parties where appropriate

6.5 Formally open, organise and document all relevant instructions, information, facts and evidence in client file

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Establish the client’s needs

1.1 Identify, clarify and assess client needs and expectations in accordance with the practice’s policy and procedures

1.2 Determine and discuss optional courses of action with client

1.3 Check information in relation to the transaction for accuracy and relevance

1.4 Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction

1.5 Record and document client's needs and responsibilities promptly and accurately

2 Identify any conflict of interest

2.1 Identify and record existing or potential conflicts of interest associated with the transaction

2.2 Assess conflicts of interest to determine appropriate action for the client and practice, and promptly advise client of any necessary action

3 Identify parties, properties and other interests

3.1 Accurately identify and explain the roles of various parties involved in the conveyancing transaction

3.2 Analyse and explain estates and interests in the property of the relevant transaction

3.3 Analyse documentation and titles to confirm facts pertaining to the transaction

3.4 Communicate accurately to the client the title and contract details and respective consequences

4 Determine terms of engagement

4.1 Determine appropriate terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly

4.2 Establish and record client’s agreement with terms

4.3 Obtain authorities from client and other relevant parties

4.4 Check estimates of fees, disbursements and time for accuracy and completeness and provide to client

5 Determine contingency strategies

5.1 Assess contingencies relating to the transaction and advise the client

5.2 Determine contingency strategies and options and agree in consultation with client

6 Initiate the transaction

6.1 Select a course of action which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice

6.2 Advise client of all actions to be implemented to meet their agreed needs and expectations

6.3 Confirm and promptly record instructions from client to proceed or not to proceed

6.4 Make referrals to other professionals or third parties where appropriate

6.5 Formally open, organise and document all relevant instructions, information, facts and evidence in client file