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Evidence Guide: CPPDSM4064A - Participate in research of property investment

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

 

CPPDSM4064A - Participate in research of property investment

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

Determine client requirements.

  1. Consultative processes are used to verify client expectations and objectives according to organisational requirements.
  2. Valid and relevant information is obtained to determine the complexity of client needs according to organisational requirements.
  3. Client investment history is analysed to determine client profile according to legislative requirements.
  4. Specialised resources and sources of property market information are identified and accessed according to organisational requirements.
Consultative processes are used to verify client expectations and objectives according to organisational requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Valid and relevant information is obtained to determine the complexity of client needs according to organisational requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Client investment history is analysed to determine client profile according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Specialised resources and sources of property market information are identified and accessed according to organisational requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access property market information.

  1. Property market information is gathered and organised in a format suitable for analysis and interpretation.
  2. Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources.
  3. Appropriate communication techniques are used to access relevant information from individuals and groups.
  4. Comparative market data is documented and categorised to enable valid comparisons to be made against industry benchmarks.
  5. Discrepancies in data are identified by obtaining and comparing data from a variety of sources.
Property market information is gathered and organised in a format suitable for analysis and interpretation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Appropriate communication techniques are used to access relevant information from individuals and groups.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comparative market data is documented and categorised to enable valid comparisons to be made against industry benchmarks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discrepancies in data are identified by obtaining and comparing data from a variety of sources.

Completed
Date:

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Interpret trends and market developments.

  1. Relevant industry benchmarks are identified and used in providing clients with information on property market.
  2. Property trends and market conditions are identified and evaluated against industry benchmarks to determine risk.
  3. Analysis is undertaken of comparative market data using standard industry analysis techniques.
  4. Factors increasing or diminishing investment risk are identified, analysed and discussed with the client.
  5. Limitations in evaluating market information are identified and specialist advice is sought as required according to organisational requirements.
Relevant industry benchmarks are identified and used in providing clients with information on property market.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Property trends and market conditions are identified and evaluated against industry benchmarks to determine risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analysis is undertaken of comparative market data using standard industry analysis techniques.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Factors increasing or diminishing investment risk are identified, analysed and discussed with the client.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Limitations in evaluating market information are identified and specialist advice is sought as required according to organisational requirements.

Completed
Date:

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Make recommendations.

  1. Property investment research and options are documented and distributed according to organisational requirements.
  2. Recommendations are made that are verifiable, current and sufficiently detailed to meet client, organisational and legislative requirements.
  3. Business equipment and technology are used to complete and process client and market information according to applicable OHS and organisational requirements.
  4. Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.
Property investment research and options are documented and distributed according to organisational requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Recommendations are made that are verifiable, current and sufficiently detailed to meet client, organisational and legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Business equipment and technology are used to complete and process client and market information according to applicable OHS and organisational requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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 researching and providing advice on a current or proposed property investment. 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:

carrying out comprehensive data analysis of relevant market information sufficient to make valid recommendations

knowledge of organisation's practices, ethical standards and legislative requirements associated with researching and providing advice on a current or proposed property investment

providing accurate property investment information for defined client purposes

sourcing specialist advice when required

sourcing, organising, analysing and maintaining information using appropriate technology

using appropriate research and data analysis techniques.

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.

Required Skills and Knowledge

This section describes the essential skills and knowledge and their level, required for this unit.

Required skills:

analytical skills to apply basic statistical research methods and techniques

computing skills to access the internet and web pages, prepare and complete online forms, lodge electronic documents and search online databases

interpersonal skills to relate to people from a range of social, cultural and ethnic backgrounds and varying physical and mental abilities and to liaise with property investment stakeholders

organisational skills to maintain records and databases, use organisational filing systems, organise and prepare property investment submissions and propose models for property investment

problem solving skills to anticipate factors that may affect property markets

research skills to identify relevant sources of information and to source, analyse and interpret property and market information

technology skills to use financial and assessment software and spreadsheets efficiently and to access market information.

Required knowledge and understanding:

building and construction methods

concepts and strategies for placement of capital in property for investment

effective communication strategies

ethical practices and relevant codes of conduct

industry benchmarks

investment risk factors and relationship to return expectations

investor psychology

local property market conditions and overall trends in the industry

range of research methods and analysis techniques

relevant federal and state or territory legislation and local government regulations related to:

anti-discrimination

consumer protection

environmental issues

equal employment opportunity (EEO)

financial probity

franchise and business structures

industrial relations

OHS

property sales, leasing and management

theory and practice of land economics

valuation and appraisal methods.

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.

Clients may include:

bankers and fund managers

fund providers

institutions

internal and external property groups

owner-occupiers

private investors.

Client expectations may relate to:

immediate capital gains

long-term capital gains.

Organisational requirements may be outlined and reflected in:

access and equity principles and practice guidelines

business and performance plans

complaint and dispute resolution procedures

goals, objectives, plans, systems and processes

legal and ethical requirements and codes of practice

mission statements and strategic plans

OHS policies, procedures and programs

policies and procedures in relation to client service

quality and continuous improvement processes and standards

quality assurance and procedure manuals.

Information may relate to:

required and projected cash flows

existing client risk management strategies

individual investment preferences and aversion or tolerance to risk

other client details, such as employment security, and likely events and their impact on the client

relevant personal, financial and business details

taxation obligations.

Client profile may include:

client current and proposed operating environment, assets and systems

details of client needs and objectives for income, security, liquidity and time period.

Legislative requirements may be outlined and reflected in:

Australian standards

general duty of care to clients

home building requirements

privacy requirements

relevant federal, and state or territory legislation that affects organisational operation, including:

anti-discrimination and diversity

environmental issues

EEO

industrial relations

OHS

relevant industry codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law

strata, community and company titles

tenancy agreements

trade practices laws and guidelines.

Sources of property market information may include:

consultants

industry and organisational databases

information services

press clippings

published industry data, including industry indices

third parties

trade journals.

Communication techniques may include:

active listening

clear, legible writing

maintaining eye contact

non-verbal communication, including body language and personal presentation

speaking clearly and concisely

using appropriate language and tone of voice

using open and closed questions.

Comparative market data may include:

best practice information

national and international benchmarking

inter-organisation comparison data.

Industry benchmarks may include:

discounted cash flow

employment rates

industry association performance index

inflation rate

internal rate of return

life cycle costing

published vacancy factors

tenancy mix.

Market conditions may include:

availability of alternatives

business confidence

economic conditions

level of competition.

Analysis:

may be:

explorative, descriptive, causative or predictive

quantitative and qualitative

may include:

basic statistical analysis

critical analysis

mathematical calculations

problem solving.

Specialist advice may be sought from:

architects

bankers and financiers

business consultants

land economists

members of industry associations

other developers

planners

real estate agents

solicitors

taxation and accounting practitioners

valuers.

Business equipment and technology may include:

computers

data storage devices

email

facsimile machines

internet, extranet and intranet

photocopiers

printers

scanners

software applications, such as databases and word applications.