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Evidence Guide: BSBCNV511 - Take instructions in relation to a conveyancing transaction

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

 

BSBCNV511 - Take instructions in relation to a conveyancing transaction

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

Establish client needs

  1. Identify and verify the client identity according to practice policies and procedures
  2. Identify and clarify client needs and expectations according to practice policies and procedures
  3. Determine and discuss optional courses of action with client
  4. Check information and documentation in relation to the transaction for accuracy and relevance
  5. Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction
  6. Record and document client’s needs and responsibilities
Identify and verify the client identity according to practice policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and clarify client needs and expectations according to practice policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine and discuss optional courses of action with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check information and documentation in relation to the transaction for accuracy and relevance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record and document client’s needs and responsibilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify any conflict of interest

  1. Identify and record existing or potential conflicts of interest associated with the transaction
  2. Evaluate conflicts of interest and determine required action for the client and practice, and advise client of any necessary action
Identify and record existing or potential conflicts of interest associated with the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate conflicts of interest and determine required action for the client and practice, and advise client of any necessary action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify parties, properties and other interests

  1. Identify the roles of various parties involved in the conveyancing transaction
  2. Analyse estates and interests in land according to relevant transaction
  3. Analyse relevant searches, Certificates of Title and other relevant documents and confirm facts pertaining to the transaction
  4. Communicate to the client the title and contract details and respective consequences of the conveyancing transaction
Identify the roles of various parties involved in the conveyancing transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse estates and interests in land according to relevant transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse relevant searches, Certificates of Title and other relevant documents and confirm facts pertaining to the transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate to the client the title and contract details and respective consequences of the conveyancing transaction

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine terms of engagement

  1. Document terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly
  2. Establish and record client’s agreement with terms
  3. Obtain relevant authorities from client and other relevant parties
  4. Verify identity of client according to firm policies and procedures
  5. Check estimates of fees, disbursements and time for accuracy and completeness and provide to client
Document terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and record client’s agreement with terms

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain relevant authorities from client and other relevant parties

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Verify identity of client according to firm policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check estimates of fees, disbursements and time for accuracy and completeness and provide to client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine contingency strategies

  1. Identify contingencies relating to the transaction and advise the client
  2. Determine contingency strategies and options and agree in consultation with client
Identify contingencies relating to the transaction and advise the client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine contingency strategies and options and agree in consultation with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Initiate the transaction

  1. Select a course of action which meets the client’s needs according to legislative requirements and practice policy and procedures
  2. Advise client of all actions to be implemented to meet their agreed needs and expectations
  3. Confirm and record instructions from client to proceed or not to proceed
  4. Make referrals to other professionals or third parties, where required
  5. Formally open, organise and document all relevant instructions, information, facts and evidence in client file
Select a course of action which meets the client’s needs according to legislative requirements and practice policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Advise client of all actions to be implemented to meet their agreed needs and expectations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm and record instructions from client to proceed or not to proceed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make referrals to other professionals or third parties, where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Formally open, organise and document all relevant instructions, information, facts and evidence in client file

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

initiate at least three conveyancing transactions according to client requirements, and practice policies and procedures.

In the course of the above, the candidate must:

communicate with a client and identify their needs

interpret and document parties, properties and other interests and legal consequences

determine terms of engagement and contingency strategies

record client details and requirements and initiate a transaction according to practice policies and procedures and relevant legislation

perform a verification of identity process of a client or refer a client to a qualified Verification of Authority agent.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

key principles and laws applicable to conveyancing, business and personal transactions

definitions of conflict of interest within legislation and the industry

current legislative, regulatory and industry practices, procedures and services

policies, procedures and business requirements of the practice

common professional and industry terminology

relevant legal requirements of consumer protection compliance

relevant types of contract titles for the sale of land, Certificates of Title, interests in land and other required documentation

key types of transactions for personal, business and real estate conveyancing.