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Evidence Guide: CHCSOH023 - 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

 

CHCSOH023 - Acquire properties by purchase or transfer

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

Formulate terms and conditions of contracts or transfer agreements.

  1. Formulate draft contract or transfer agreement terms and conditions to protect client interests and meet organisational and legislative requirements.
  2. Issue instructions to legal consultants to prepare draft contract or transfer agreement.
  3. Convey draft terms and conditions to the relevant parties and agents prior to negotiations.
Formulate draft contract or transfer agreement terms and conditions to protect client interests and meet organisational and legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Issue instructions to legal consultants to prepare draft contract or transfer agreement.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Convey draft terms and conditions to the relevant parties and agents prior to negotiations.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate terms and conditions.

  1. Negotiate contract or transfer agreement form and contents with interested parties.
  2. Ensure contract or agreement is signed by all parties once consensus has been reached on the form and content.
  3. Forward signed contract or agreement to legal or conveyancing services.
Negotiate contract or transfer agreement form and contents with interested parties.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure contract or agreement is signed by all parties once consensus has been reached on the form and content.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Forward signed contract or agreement to legal or conveyancing services.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm acceptability of contract or agreement.

  1. Conduct due diligence checks on property and record findings.
  2. Issue instructions to consultants for property inspection.
  3. Liaise with relevant parties regarding property upgrade and maintenance requirements.
  4. Confirm availability of finance.
  5. Confirm pre-purchase and transfer inspection reports.
Conduct due diligence checks on property and record findings.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Issue instructions to consultants for property inspection.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Liaise with relevant parties regarding property upgrade and maintenance requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm availability of finance.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm pre-purchase and transfer inspection reports.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare for exchanges and transfers.

  1. Organise financial deposit if required for exchanges and transfers.
  2. Confirm documentation required for exchanges and transfers.
  3. Prepare and amend contracts and transfer agreements ready for exchanges and transfers.
Organise financial deposit if required for exchanges and transfers.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm documentation required for exchanges and transfers.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and amend contracts and transfer agreements ready for exchanges and transfers.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Exchange contracts and transfer documentation.

  1. Confirm contracts are identical and as agreed.
  2. Exchange contracts and deposit as required for transfer.
  3. Date contracts for each party.
Confirm contracts are identical and as agreed.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Exchange contracts and deposit as required for transfer.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Date contracts for each party.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare for settlement.

  1. Conduct and arrange statutory enquiries.
  2. Issue requisitions on title.
  3. Prepare transfer document.
  4. Complete all pre-transfer financial obligations.
  5. Submit stamp duty and documentation required for settlement.
  6. Send stamped transfer to vendor for execution.
  7. Arrange settlement time, date and finance.
Conduct and arrange statutory enquiries.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Issue requisitions on title.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare transfer document.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete all pre-transfer financial obligations.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Submit stamp duty and documentation required for settlement.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Send stamped transfer to vendor for execution.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Arrange settlement time, date and finance.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm legal transfer.

  1. Obtain final search on property for encumbrances.
  2. Conduct handover of title and transfer document.
  3. Conduct handover of finances.
  4. Register documents with statutory authority.
  5. Accept new land issues in purchaser’s name.
Obtain final search on property for encumbrances.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct handover of title and transfer document.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct handover 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 details into property management system.
  2. File property documentation.
Enter details into property management system.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

File property documentation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge