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Evidence Guide: CHCSOH012 - Acquire properties by purchase or transfer

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

 

CHCSOH012 - Acquire properties by purchase or transfer

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

Elements define the essential outcomes

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Formulate terms and conditions of Contract or transfer Agreement element

  1. 1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests
  2. Issue instructions to legal consultants to prepare draft Agreement
  3. Formulate draft Agreements to meet relevant industry, company and legislative requirements
  4. Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken
1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Issue instructions to legal consultants to prepare draft Agreement

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Formulate draft Agreements to meet relevant industry, company and legislative requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Negotiate Agreement terms and conditions

  1. Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement
  2. Ensure Agreement is signed by all parties once consensus has been reached on the form and content
  3. Ensure Agreement is forwarded to legal or conveyancing services
Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Ensure Agreement is signed by all parties once consensus has been reached on the form and content

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Ensure Agreement is forwarded to legal or conveyancing services

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm acceptability of Agreement

  1. Issue instructions to relevant consultants to enable the property inspection to be effected
  2. Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties
  3. Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance
  4. Confirm availability of finance
  5. Confirm satisfactory pre-purchase or transfer inspection reports
Issue instructions to relevant consultants to enable the property inspection to be effected

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm availability of finance

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm satisfactory pre-purchase or transfer inspection reports

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare for exchange or transfer

  1. Organise financial deposit if relevant
  2. Confirm all required documentation and certificates
  3. Prepare and amend Contract and/or transfer Agreement to be made ready for exchange
Organise financial deposit if relevant

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm all required documentation and certificates

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare and amend Contract and/or transfer Agreement to be made ready for exchange

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Exchange Contract or transfer documentation

  1. Confirm Contracts are identical and as agreed
  2. Exchange Contract and deposit if required
  3. Date Contracts for each party
Confirm Contracts are identical and as agreed

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Exchange Contract and deposit if required

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Date Contracts for each party

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare for settlement

  1. Conduct or arrange all relevant statutory enquiries
  2. Issue requisitions on title
  3. Prepare a transfer document
  4. Satisfy financial obligations
  5. Submit stamp duty and required documentation
  6. Stamped transfer sent to vendor for execution
  7. Arrange settlement time, date and finance
Conduct or arrange all relevant statutory enquiries

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Issue requisitions on title

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare a transfer document

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Satisfy financial obligations

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Submit stamp duty and required documentation

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Stamped transfer sent to vendor for execution

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Arrange settlement time, date and finance

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Confirm legal transfer

  1. Attend settlement
  2. Obtain final search on property for encumbrances
  3. Conduct handover of title and or transfer documents
  4. Check documentation
  5. Conduct hand over of finances
  6. Register documents with statutory authority
  7. Accept new land issues in purchaser’s name
Attend settlement

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Obtain final search on property for encumbrances

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Conduct handover of title and or transfer documents

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Check documentation

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Conduct hand over of finances

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Register documents with statutory authority

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Accept new land issues in purchaser’s name

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Document asset to property portfolio

  1. Enter all relevant details into property management system
  2. File property documentation
Enter all relevant details into property management system

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

File property documentation

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

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

1. Formulate terms and conditions of Contract or transfer Agreement element

1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests

1.2 Issue instructions to legal consultants to prepare draft Agreement

1.3 Formulate draft Agreements to meet relevant industry, company and legislative requirements

1.4 Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken

2. Negotiate Agreement terms and conditions

2.1 Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement

2.2 Ensure Agreement is signed by all parties once consensus has been reached on the form and content

2.3 Ensure Agreement is forwarded to legal or conveyancing services

3. Confirm acceptability of Agreement

3.1 Issue instructions to relevant consultants to enable the property inspection to be effected

3.2 Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties

3.3 Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance

3.4 Confirm availability of finance

3.5 Confirm satisfactory pre-purchase or transfer inspection reports

4. Prepare for exchange or transfer

4.1 Organise financial deposit if relevant

4.2 Confirm all required documentation and certificates

4.3 Prepare and amend Contract and/or transfer Agreement to be made ready for exchange

5. Exchange Contract or transfer documentation

5.1 Confirm Contracts are identical and as agreed

5.2 Exchange Contract and deposit if required

5.3 Date Contracts for each party

6. Prepare for settlement

6.1 Conduct or arrange all relevant statutory enquiries

6.2 Issue requisitions on title

6.3 Prepare a transfer document

6.4 Satisfy financial obligations

6.5 Submit stamp duty and required documentation

6.6 Stamped transfer sent to vendor for execution

6.7 Arrange settlement time, date and finance

7. Confirm legal transfer

7.1 Attend settlement

7.2 Obtain final search on property for encumbrances

7.3 Conduct handover of title and or transfer documents

7.4 Check documentation

7.5 Conduct hand over of finances

7.6 Register documents with statutory authority

7.7 Accept new land issues in purchaser’s name

8. Document asset to property portfolio

8.1 Enter all relevant details into property management system

8.2 File property documentation

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

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

1. Formulate terms and conditions of Contract or transfer Agreement element

1.1 Formulate draft transfer Agreement terms and conditions to protect client's interests

1.2 Issue instructions to legal consultants to prepare draft Agreement

1.3 Formulate draft Agreements to meet relevant industry, company and legislative requirements

1.4 Convey draft Agreement terms and conditions to the relevant party or its agent before negotiations are undertaken

2. Negotiate Agreement terms and conditions

2.1 Hold discussions with interested parties to enable agreement to be reached on form and contents of Agreement

2.2 Ensure Agreement is signed by all parties once consensus has been reached on the form and content

2.3 Ensure Agreement is forwarded to legal or conveyancing services

3. Confirm acceptability of Agreement

3.1 Issue instructions to relevant consultants to enable the property inspection to be effected

3.2 Liaise with relevant parties regarding upgrades or maintenance requirements of identified properties

3.3 Convey decision to interested parties in a timely manner and in writing in relation to inspections, upgrades and maintenance

3.4 Confirm availability of finance

3.5 Confirm satisfactory pre-purchase or transfer inspection reports

4. Prepare for exchange or transfer

4.1 Organise financial deposit if relevant

4.2 Confirm all required documentation and certificates

4.3 Prepare and amend Contract and/or transfer Agreement to be made ready for exchange

5. Exchange Contract or transfer documentation

5.1 Confirm Contracts are identical and as agreed

5.2 Exchange Contract and deposit if required

5.3 Date Contracts for each party

6. Prepare for settlement

6.1 Conduct or arrange all relevant statutory enquiries

6.2 Issue requisitions on title

6.3 Prepare a transfer document

6.4 Satisfy financial obligations

6.5 Submit stamp duty and required documentation

6.6 Stamped transfer sent to vendor for execution

6.7 Arrange settlement time, date and finance

7. Confirm legal transfer

7.1 Attend settlement

7.2 Obtain final search on property for encumbrances

7.3 Conduct handover of title and or transfer documents

7.4 Check documentation

7.5 Conduct hand over of finances

7.6 Register documents with statutory authority

7.7 Accept new land issues in purchaser’s name

8. Document asset to property portfolio

8.1 Enter all relevant details into property management system

8.2 File property documentation