monday real estatte 2

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TAFE NSW - Sydney Institute *

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NURSING RE

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Civil Engineering

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Feb 20, 2024

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docx

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Skills assessment Criteria Unit code, name and release number CPPREP4161 - Undertake pre-auction processes (1) Qualification/Course code, name and release number CPP41419 - Certificate IV in Real Estate Practice (1) Student details Student number Student name Assessment Declaration This declaration only needs to be completed if you are not submitting your assessment online.  This assessment is my original work and no part of it has been copied from any other source except where due acknowledgement is made.  No part of this assessment has been written for me by any other person except where such collaboration has been authorised by the assessor concerned.  I understand that plagiarism is the presentation of the work, idea or creation of another person as though it is your own. Plagiarism occurs when the origin of the material used is not appropriately cited. No part of this assessment is plagiarised. Student signature and Date Document title: CPPREP4161_AE_Sk_2of3_LMS Page 1 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Version: 20200909 Date created: 3 July 2020 For queries, please contact: Technology and Business Services TAFE Ultimo © 2020 TAFE NSW, Sydney RTO Provider Number 90003 | CRICOS Provider Code: 00591E This assessment can be found in the: Learning Bank The contents in this document are copyright © TAFE NSW 2020, and should not be reproduced without the permission of the TAFE NSW. Information contained in this document is correct at time of printing: 17 February 2024. For current information please refer to our website or your teacher as appropriate. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 2 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Assessment instructions Table 1 Assessment instructions Assessment details Instructions Assessment overview The objective of this assessment is to assess your skills as would be required to when preparing an on-site auction property for auction day. Assessment Event number 2 of 3 Instructions for this assessment This is a skill-based assessment and will be assessing you on your ability to demonstrate the skills required in the unit. This assessment is in one part: Part 1: Case study scenario The assessment also contains an assessment feedback form. Submission instructions Where possible, complete and submit this assessment online via the TAFE NSW online learning platform. Upload all the required assessment files in the assessment area on the online learning platform. Alternatively, hand all required assessment files to your assessor for marking. Make sure you have added your name to the bottom of each page of the assessment. It is important that you keep a copy of all electronic and hardcopy assessments submitted to TAFE NSW and complete the assessment declaration when you submit the assessment. What do I need to do to achieve a satisfactory result? To achieve a satisfactory result for this assessment, you must complete all parts outlined in the assessment instructions. What do I need to provide? Computer with internet access and Microsoft Office. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 3 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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Assessment details Instructions What will the assessor provide? Access to this assessment and supporting online resources. Due date and time allowed Fully online students should refer to their Training Plan for due dates, other students should refer to the Unit Assessment Guide for due dates. Indicative time to complete this assessment is approximately one hour. Supervision This assessment may be completed unsupervised. You may access referenced text, learning notes and other resources. Your assessor may ask for additional evidence to verify the authenticity of your submission and confirm that the assessment task was completed by you. Assessment feedback, review or appeals In accordance with the TAFE NSW policy Manage Assessment Appeals, all students have the right to appeal an assessment decision concerning how the assessment was conducted and the outcome of the assessment. Appeals must be lodged within 14 working days of the formal notification of the result of the assessment. If you would like to request a review of your results or if you have any concerns about your results, contact your teacher or head teacher. If they are unavailable, contact the student administration officer. Appeals are addressed in accordance with Every Student’s Guide to Assessment. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 4 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Specific task instructions The instructions and the criteria in the tasks and activities below will be used by the assessor to determine whether the tasks and activities have been satisfactorily completed. Use these instructions and criteria to ensure you demonstrate the required skills and knowledge. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 5 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Scenario You are in charge of auctioning 30 Augustus Road, Glen Oak NSW 2320, for auction on 28th March 20xx at 12.30 pm. The vendor Greg Carlisle wants a quick sale and has decided to market the property for 3 weeks before the auction. The vendors have already rejected a pre-auction offer of $732,000. All documents relating to the sale of a property are are shown below. Each document is labelled with the property address and not the vendor names. The folder contains:  Property Information sheet  Marketing plan  Property Viewing Reports  Appraisal report – TAFE to provide Auction Agreement  Contract with the following attachments: o 10.7 planning certificate (zoning certificate) o Sewerage Service Diagram Service Diagram locaton o Title & Title notations and o Plan Document title: CPPREP4161_AE_Sk_2of3_LMS Page 6 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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Part 1: Auction preparation Task 1: Review Contract 1. Access and read the contract for 30 Augustus Road. Determine the following and provide a small (1or 2 sentences) explanation of each. Contract area Determination and explanation Vendor details Legal Representatives details Completion date Inclusions and exclusions Prescribed documents present Encumbrances Contract curreny Changes or additions to contract that may be required 2. Access the prescribed documents of the contract and identify the following: Property Terms Lot and DP number Zoning Location of encumbrance on the property Document title: CPPREP4161_AE_Sk_2of3_LMS Page 7 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Task 2: Property Details 1. Using the documents provided, identify the key features of the property you will refer to during the auction. 2. Identify and discuss the local area features, facilities and characteristics you will refer to during the auction. 3. Identify any matters which should have been disclosed by the agent to potential purchasers (ie: Material facts?). Task 3: Vendor expectations 1. Liaise with the Sales Agent to confirm the following, list below the process to discuss: a. your role in the Auction process b. Agents role at the aution c. What you would like the agent to do during the auction d. The price expectations of the vendor. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 8 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

2. As a real estate agent you will use the documents supplied to analyse the market indicator data to determine: a. interest levels b. expected price range 3. As a real estate agent evaluate market conditions and pre-auction offers and compare these to the vendors expectations, to determine if there is a good chance of selling the property at auction ? Task 4: Auction script This task requires you to plan and prepare the auction day script for your auction property. The script will be used for your auction. 1. Plan the content and gather the information you will put in your script to formally open the auction. Make notes in the space below for the information you will put under each heading. Your plan should include the points you use to develop your final script. Welcome Property Introduction Introduction to agency and staff in attendance Document title: CPPREP4161_AE_Sk_2of3_LMS Page 9 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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Terms & Conditions of Sale by Auction (include any Warning notices) Contract details respective to the property Key features of the property and description (this includes the puff) Commence the auction, Seek an opening bid or offer to start 2. Gather information and finalise your auction opening script. Use your notes to produce a typed script that you will use when conducting the auction. Attach this document to this assessment. Your assessor will use the checklist below mark and assess your script: Task 4 Q2 Task/Activity Performed S U/S Assessor Comments a Welcome Comments b Prooperty Introduction Comments c Introduction to agency and staff in attendance Comments d Terms & Conditions of Sale by Auction (include any Warning notices) Comments e Contract details respective to the property Comments f Vendor Bid Comments Document title: CPPREP4161_AE_Sk_2of3_LMS Page 10 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

g Property description – the puff Comments h Ask for an opening Commence the auction, ask for an opening bid Comments 3. Identify two issues that may arise during the auction and develop contingency measures to mitigate the issue/risk of so the auction can proceed according to legal requirements. Potential Issue Avoidable Y/N Contingency plan Document title: CPPREP4161_AE_Sk_2of3_LMS Page 11 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Assessment Feedback NOTE: If you are submitting through an online learning platform, the assessor will give you feedback via the platform. Assessment outcome ☐ Satisfactory ☐ Unsatisfactory Assessor feedback ☐ Are you assured that the evidence presented for assessment is the student’s own work? ☐ Was the assessment event successfully completed? ☐ If no, was the resubmission/re-assessment successfully completed? ☐ Was a reasonable adjustment in place for this assessment event? If yes, ensure it is detailed on the assessment document. Comments: Assessor name and date: NOTE: Make sure you add your name to the footer so it appears at the bottom of each page. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 12 of 12 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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monday real estatte 2

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