CPPREP4161_AE_Sk_2of3_LMS ver2

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School

TAFE NSW - Sydney Institute *

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CPP40307

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Civil Engineering

Date

Dec 6, 2023

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docx

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Uploaded by ProfessorGalaxy11520

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 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Document title: CPPREP4161_AE_Sk_2of3_LMS Page 2 of 13 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: 21 November 2023. For current information please refer to our website or your teacher as appropriate. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 3 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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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 two parts: Part 1: Case study scenario Part 2: Auction preparation Part 3: Oral presentation 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. 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. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 4 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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. 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 5 of 13 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 6 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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Scenario Part 1 : Attend Auction Task 1:  Please attend an ‘open for inspection’ of a residential property in NSW  Then return to the auction (if not sold prior), Can be ‘in rooms’ or an ‘onsite’  Please attach a colour brochure of property to your assessment  Please attach a NSW FT bidders guide to your assessment  Obtain a PDF copy of the Contract for Sale Task 2: Obtain as much information from the real estate agent as possible to answer the following: 1. What was the real estate agent’s role at the open for inspection? 2. What reason did the real estate agent give for the vendor wanting to sell? 3. What price range did the real estate agent indicate the property would sell for? 4. Ask the real estate agent how much interest and importantly how many contracts have been issued prior to the auction Document title: CPPREP4161_AE_Sk_2of3_LMS Page 7 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

5. How many people were in attendance at the actual auction? 6. How many registered bidders were there? Part 2 : Auction preparation Task 1: Review Contract 1. Obtain a copy (PDF) of the Contract for Sale for the property that you are attending and identify the following components: Contract area Determination and explanation Vendor and Solicitor details Completion date Inclusions and exclusions Prescribed documents present Encumbrances Contract curreny Document title: CPPREP4161_AE_Sk_2of3_LMS Page 8 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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 3. Identify any problems/matters with the contracts and explain why this information should be disclosed to potential bidders. How could you address/rectify the situation if you found a problem? (20-30 words) Document title: CPPREP4161_AE_Sk_2of3_LMS Page 9 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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Task 2: Property Details 1. Using the documents provided, identify the key features of the property you will refer to during the auction. 2. Analyse the local area features, facilities and characteristics you will refer to during the auction. 3. Identify any matters which should be disclosed to potential purchasers (Material facts?). Part 3: Oral presentation This task requires you to prepare and present an oral presentation based on the Auction you attended. Discuss the Auction you attended and prepare answers to the following questions: 1. Describe in detail the Auctioneer’s introduction, formality and process during the commencement of the auction Document title: CPPREP4161_AE_Sk_2of3_LMS Page 10 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

2. Did the Auctioneer clearly state the Terms and Conditions of the Auction as required by the Property and Stock Agents Act 2002? refer auction assessment 3. Did the Auctioneer clearly state when the property was “On the market” ? refer auction assessment 4. What was the opening bid ? refer auction assessment 5. What was the final bid? refer auction assessment 6. Was a vendor bid used and at what point was it used? refer auction assessment 7. Comment on the auctioneer’s mannerism, tonality, body language and how the auctioneer concludes the auction (was the property sold or passed in) refer auction assessment 8. 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. Document title: CPPREP4161_AE_Sk_2of3_LMS Page 11 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

Potential Issue Avoidable Y/N Contingency plan Document title: CPPREP4161_AE_Sk_2of3_LMS Page 12 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

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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 13 of 13 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_2of3_LMS STUDENT NAME:

CPPREP4161_AE_Sk_2of3_LMS ver2

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