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
What evidence can you provide to prove your understanding of each of the following citeria?
Interpret regulations for property agency trust accounts.
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Identify property industry operations for which trust accounts are required. Completed |
Evidence:
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Interpret relevant legislation regulating property agency trust accounts. Completed |
Evidence:
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Identify and analyse suitable systems for property agency trust accounts to meet legislative requirements. Completed |
Evidence:
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Identify and outline legislative requirements for opening and closing trust accounts. Completed |
Evidence:
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Interpret relevant legislation regulating property agency trust accounts. |
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Completed |
Evidence:
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Identify and analyse suitable systems for property agency trust accounts to meet legislative requirements. |
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Completed |
Evidence:
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Identify and outline legislative requirements for opening and closing trust accounts. |
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Completed |
Evidence:
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Develop risk management plans.
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Identify and record risks associated with the operation of real estate trust accounts. Completed |
Evidence:
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Develop strategies to monitor and control risks associated with operating a trust account. |
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Completed |
Evidence:
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Develop plan to evaluate effectiveness of controls. |
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Completed |
Evidence:
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Identify and plan controls for fraudulent activities associated with real estate trust accounts. |
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Completed |
Evidence:
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Implement systems to control property agency trust accounts.
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Establish systems, policies, procedures, checklists and controls for property agency trust accounts. Completed |
Evidence:
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Establish documented systems for authorisation and delegation of trust account responsibilities according to legislative requirements. |
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Completed |
Evidence:
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Ensure trust account procedures and protocols are communicated to, and applied by, agency staff. |
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Completed |
Evidence:
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Apply recognised bookkeeping principles to trust account management. |
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Completed |
Evidence:
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Establish internal and external audit schedule. |
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Completed |
Evidence:
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Review controls and security arrangements for trust accounts. |
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Completed |
Evidence:
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Authorise and verify trust accounts.
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Verify periodic reconciliation of compliance with legislative requirements. Completed |
Evidence:
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Maintain records for convenience and proper auditing. Completed |
Evidence:
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