Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CPPREP4161 Mapping and Delivery Guide
Undertake pre-auction processes
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CPPREP4161 - Undertake pre-auction processes |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit specifies the skills and knowledge required to undertake pre-auction processes.It includes preparing a strategy for auctions, including liaising with the vendor or sales agent, confirming the details of the contract and confirming the details of the property.This unit applies to auctioneers or people seeking to work as auctioneers.State or territory licensing requirements may apply to this unit. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Review contract details. |
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Element: Determine currency of contract to identify any changes to contract. | ||||||||
Element: Confirm role of external parties. | ||||||||
Element: Interpret terms of contract and matters that affect the title. | ||||||||
Element: Identify and document property details. |
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Element: Analyse features of location, facilities and aspect to ascertain selling features. | ||||||||
Element: Identify matters impacting on property for disclosure purposes. | ||||||||
Element: Confirm vendor expectations. |
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Element: Confirm vendor’s price expectations. | ||||||||
Element: Analyse market indicator data to identify likely interest levels and expected price range and compare to vendor expectations. | ||||||||
Element: Identify and evaluate details of expressions of interest or offers made pre-auction. | ||||||||
Element: Prepare auction day strategy. |
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Element: Collate information about the property. | ||||||||
Element: Prepare script to explain key features of the contract and role of external agencies. | ||||||||
Element: Develop contingency plans for matters that may arise during the auction. | ||||||||
Element: Prepare order of sale for multiple properties at an in-room auction. |