Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CPPREP4509 Mapping and Delivery Guide
Auction goods, chattels or equipment
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CPPREP4509 - Auction goods, chattels or equipment |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit specifies the skills and knowledge required to prepare and conduct an auction of goods, chattels or equipment, including a clearing sale. It includes preparing, conducting and completing the auction or clearing sale. This unit applies to industry professionals in real estate.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: Prepare for auction. |
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Element: Open auction. |
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Element: Complete auction. |
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Element: Prepare and communicate instructions to assisting professionals and ensure auction documentation is available prior to auction date. | ||||||||
Element: Prepare inventory of reserve and non-reserve items, including pricing requirements, according to agency practice. | ||||||||
Element: Establish and document ownership of goods, chattels and equipment to be sold to enable clear title to be passed to buyers according to agency practice and legislative requirements. | ||||||||
Element: Present goods, chattels and equipment to public using marketing materials agreed by seller to create product image. | ||||||||
Element: Book and confirm staff and resources for auction day. | ||||||||
Element: Implement auction day processes. |
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Element: Confirm suitability and operation of auction equipment. | ||||||||
Element: Implement bidder security systems to eliminate theft and non-payment. | ||||||||
Element: Confirm availability and suitability of auction documentation, including instructions, authorities, contracts, reserve price and vendor bids. | ||||||||
Element: Confirm number of registered bidders, online bidding and bidding by authority. | ||||||||
Element: Confirm staff are available to support the auction. | ||||||||
Element: Present pre-auction offers from buyers to seller. |
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Element: Describe goods, chattels and equipment, consistent with description available to public. | ||||||||
Element: Respond to questions from potential bidders and other parties. | ||||||||
Element: Submit goods, chattels and equipment for sale to solicit bids. | ||||||||
Element: Manage auction to maintain flow. |
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Element: Manage bidding process according to legislative requirements. | ||||||||
Element: Exercise trial close strategy for each lot. |
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Element: Knock down lot to successful bidder once reserve price has been met and all other bids exhausted. | ||||||||
Element: Record sale details, including purchase name, immediately and accurately to maintain sales register. | ||||||||
Element: Pass in lot when reserve price is not met and all bids exhausted. | ||||||||
Element: Deliver records of auction transactions to agency to support timely preparation of financial records and completion of sale. | ||||||||
Element: Obtain feedback on conduct and outcome of auction. |