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Evidence Guide: CPPREP4509 - Auction goods, chattels or equipment

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

 

CPPREP4509 - Auction goods, chattels or equipment

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

Prepare for auction.

  1. Prepare auction and sale documentation according to agency practice and legislative requirements.
  2. Prepare and communicate instructions to assisting professionals and ensure auction documentation is available prior to auction date.
  3. Prepare inventory of reserve and non-reserve items, including pricing requirements, according to agency practice.
  4. 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.
  5. Present goods, chattels and equipment to public using marketing materials agreed by seller to create product image.
  6. Book and confirm staff and resources for auction day.
Prepare auction and sale documentation according to agency practice and legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and communicate instructions to assisting professionals and ensure auction documentation is available prior to auction date.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare inventory of reserve and non-reserve items, including pricing requirements, according to agency practice.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present goods, chattels and equipment to public using marketing materials agreed by seller to create product image.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Book and confirm staff and resources for auction day.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Open auction.

  1. Read out terms and conditions of sale according to legislative requirements.
  2. Describe goods, chattels and equipment, consistent with description available to public.
  3. Respond to questions from potential bidders and other parties.
  4. Submit goods, chattels and equipment for sale to solicit bids.
Read out terms and conditions of sale according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Describe goods, chattels and equipment, consistent with description available to public.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Respond to questions from potential bidders and other parties.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Submit goods, chattels and equipment for sale to solicit bids.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete auction.

  1. Signify close of auction for each lot using appropriate methods.
  2. Knock down lot to successful bidder once reserve price has been met and all other bids exhausted.
  3. Record sale details, including purchase name, immediately and accurately to maintain sales register.
  4. Pass in lot when reserve price is not met and all bids exhausted.
  5. Deliver records of auction transactions to agency to support timely preparation of financial records and completion of sale.
  6. Obtain feedback on conduct and outcome of auction.
  7. Prepare auction and sale documentation according to agency practice and legislative requirements.
Signify close of auction for each lot using appropriate methods.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Knock down lot to successful bidder once reserve price has been met and all other bids exhausted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record sale details, including purchase name, immediately and accurately to maintain sales register.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Pass in lot when reserve price is not met and all bids exhausted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Deliver records of auction transactions to agency to support timely preparation of financial records and completion of sale.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain feedback on conduct and outcome of auction.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare auction and sale documentation according to agency practice and legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and communicate instructions to assisting professionals and ensure auction documentation is available prior to auction date.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare inventory of reserve and non-reserve items, including pricing requirements, according to agency practice.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present goods, chattels and equipment to public using marketing materials agreed by seller to create product image.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Book and confirm staff and resources for auction day.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement auction day processes.

  1. Confirm suitability of auction site and display of required auction advice and documentation according to legislative requirements.
Confirm suitability of auction site and display of required auction advice and documentation according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm suitability and operation of auction equipment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement bidder security systems to eliminate theft and non-payment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm availability and suitability of auction documentation, including instructions, authorities, contracts, reserve price and vendor bids.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm number of registered bidders, online bidding and bidding by authority.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm staff are available to support the auction.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present pre-auction offers from buyers to seller.

  1. Read out terms and conditions of sale according to legislative requirements.
Read out terms and conditions of sale according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Describe goods, chattels and equipment, consistent with description available to public.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Respond to questions from potential bidders and other parties.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Submit goods, chattels and equipment for sale to solicit bids.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage auction to maintain flow.

  1. Monitor bids and maintain auction process to achieve reserve or best price for each lot.
Monitor bids and maintain auction process to achieve reserve or best price for each lot.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage bidding process according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Exercise trial close strategy for each lot.

  1. Signify close of auction for each lot using appropriate methods.
Signify close of auction for each lot using appropriate methods.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Knock down lot to successful bidder once reserve price has been met and all other bids exhausted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record sale details, including purchase name, immediately and accurately to maintain sales register.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Pass in lot when reserve price is not met and all bids exhausted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Deliver records of auction transactions to agency to support timely preparation of financial records and completion of sale.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain feedback on conduct and outcome of auction.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge