Skills Assessment for CPPREP4161: Pre-Auction Processes

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_3of3_LMS Page 1 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

Version: 2020909 Date created: 21/2/2020 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 is 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_3of3_LMS Page 2 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_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 when preparing multiple properties for an in-room auction. Assessment Event number 3 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 Part 2: Auction preparation This assessment also contains an assessment feedback section. 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 answer all questions correctly. What do I need to provide? Computer with internet access and Microsoft Office. What the assessor Access to this assessment and supporting online resources. Document title: CPPREP4161_AE_Sk_3of3_LMS Page 3 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

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Assessment details Instructions will provide? 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. The indicative time to complete the 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 in relation to 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_3of3_LMS Page 4 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_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. Part 1: Case study Information for In-rooms Auction To complete this part of the assessment, read the scenario below. Scenario: You have recently been appointed as chief Auctioneer for Azure Beach Realty Group. You need to familiarise yourself with the local area as you need to conduct an In-rooms Auction for three properties going to auction at 10 am on 21 st March 20xx. The auction is being held at the Azure Beach Auction rooms Document title: CPPREP4161_AE_Sk_3of3_LMS Page 5 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

Document title: CPPREP4161_AE_Sk_3of3_LMS Page 6 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME: Brief You need to prepare for the auction and familiarise yourself with the three properties and their location to allow you to conduct the auction on the 21 st March 20xx. The three properties are listed below: Auction properties Type Address  Overview 1. Vendor 2. Age nt 3. 4. Vintag e Free Standi ng House 5. 75 Arthur Street 6. Maitland NSW 2320  3 Bedroom  1 Bathroom  2 Car Garage  564m 2 7. Henry and Clara Williams on 8. stu den t Type Address Overview Vendor Agent Free Standing House 16 Edith Street Hunterville NSW 2325  3 Bedrooms  1 Bathroom  2 Car Garage  809 m 2 9.Thomas Daniel and Patricia Mary Jones 10. stud ent Type Address  Overview 11. Vendor 12. Age nt 13. 14. Free 15. 77 Harry  4 Bedroom

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Part 2: In-rooms auction preparation Task 1– Review contract You are required to read, interpret and/or analyse the information and key points for the properties going to auction. Questions 1-4 below relate to 77 Harry Street Tenambit, NSW 2323 only- do not answer them for all three properties . 1. Access and read the contract for 77 Harry Street, Tenambit. 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 Vacant possession Inclusions and exclusions Prescribed documents present Encumbrances Contract currency 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 Document title: CPPREP4161_AE_Sk_3of3_LMS Page 7 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

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) Task 2: Property Details 1. As you are new to the office and area, you have decided to do an analysis of the local areas for the properties going to auction, as well as an analysis of the key features and identify two facilities, feature or characteristics of the properties going to auction. You are also going to read the following documents to analyse two key selling features of each property going to auction. The following documents have been made available for you:  Marketing Materials (property brochure)  Appraisal Report  Marketing plan Justify why promoting each one could increase buyer interest and help sell the property at auction. Key Selling Feature 77 Harry Street Local area facilities/features/ characteristics Analysis/Justification (in 1-2 sentences) Key Selling Features 75 Arthur street Local area facilities/features/ characteristics Analysis/Justification (in 1-2 sentences) for each feature and local area features/facilities/characteristics Document title: CPPREP4161_AE_Sk_3of3_LMS Page 8 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

Task 3: Order of sales and contingencies 1. Prepare an Order of sale for your in-rooms auction and explain why you have placed the properties in that order. 2. Develop a short checklist for the information and legal documents you will require to open the In-rooms auction to ensure all legislative requirements for auctions in NSW will be met . Task 4: Auction script This task requires you to plan and prepare the auction day script for 77 Harry Street, Tenambit . The script will be used for your auction. Your assessor will use the checklist below to assess your script: Task 4 Task/Activity Performed S U/S Assessor Comments a Welcome and property introduction Comments Document title: CPPREP4161_AE_Sk_3of3_LMS Page 9 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

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b Introduction to agency and staff in attendance Comments c Terms & Conditions of Sale by Auction including any warning notices Comments d Front page and key features of the contract respective to the property Comments e Key features of the property and description including puff Comments f Commence the auction, seek an opening bid or offer to start Comments 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: Document title: CPPREP4161_AE_Sk_3of3_LMS Page 10 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

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_3of3_LMS Page 11 of 11 Resource ID: TBS_19_001_CPPREP4161_AE_Sk_3of3_LMS STUDENT NAME:

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