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Evidence Guide: CPPREP4173 - Complete purchase of property as buyer’s agent

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

 

CPPREP4173 - Complete purchase of property as buyer’s agent

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

Confirm authority to purchase property.

  1. Confirm and document buyer instructions to purchase property and negotiate terms of contract.
  2. Arrange for inspections and reports required for completion of purchase.
  3. Prepare formal authority to purchase property on behalf of buyer.
Confirm and document buyer instructions to purchase property and negotiate terms of contract.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Arrange for inspections and reports required for completion of purchase.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare formal authority to purchase property on behalf of buyer.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate to purchase by private treaty.

  1. Establish and document maximum offer for property and process to be followed if offer is not accepted.
  2. Apply negotiation techniques to achieve the lowest price for property and terms of contract that are acceptable to both parties.
  3. Present negotiated offer and terms to buyer for approval or additional instructions.
  4. Finalise negotiations between all parties for exchange of contracts.
  5. Facilitate payment of deposit.
Establish and document maximum offer for property and process to be followed if offer is not accepted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply negotiation techniques to achieve the lowest price for property and terms of contract that are acceptable to both parties.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present negotiated offer and terms to buyer for approval or additional instructions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Finalise negotiations between all parties for exchange of contracts.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Facilitate payment of deposit.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Represent buyer at auction.

  1. Obtain written authority to bid on behalf of buyer according to legislative requirements.
  2. Establish and document maximum bid for property and process to be followed if bidding exceeds buyer limit.
  3. Apply negotiation techniques to purchase property if passed in at auction.
  4. Facilitate signing of contract on behalf of buyer.
  5. Facilitate payment of deposit.
Obtain written authority to bid on behalf of buyer according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and document maximum bid for property and process to be followed if bidding exceeds buyer limit.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply negotiation techniques to purchase property if passed in at auction.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Facilitate signing of contract on behalf of buyer.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Facilitate payment of deposit.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete purchase.

  1. Arrange for pre-settlement inspections of property.
  2. Manage contingencies if terms of contract cannot be met.
  3. Confirm completion of settlement and facilitate settlement procedures.
  4. Request feedback from buyer on agency services.
Arrange for pre-settlement inspections of property.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage contingencies if terms of contract cannot be met.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm completion of settlement and facilitate settlement procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Request feedback from buyer on agency services.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge