Modification History
Not Applicable
Unit Descriptor
Unit descriptor |
This unit of competency specifies the outcomes required to conduct the sale of rural property by tender. It includes preparing for the sale of rural property by tender, receiving tenders, completing the sale of property and negotiating with tenderers if received tenders are unacceptable to the seller. The unit may form part of the licensing requirements for persons engaged in stock and station agency activities in those States and Territories where these are regulated activities. |
Application of the Unit
Application of the unit |
This unit of competency supports the work of licensed stock and station agents and stock and station representatives or certificate holders involved in preparing and conducting sales of rural property by tender. |
Licensing/Regulatory Information
Refer to Unit Descriptor
Pre-Requisites
Prerequisite units |
Nil |
Employability Skills Information
Employability skills |
The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the required performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge and/or the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
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1 Prepare for sale by tender . |
1.1 Agreement to sell rural property by tender is obtained from seller in line with agency practice and legislative requirements . 1.2 Tender details are established to enable preparation of tender documentation in line with agency practice and legislative requirements. 1.3 Assisting professionals are instructed to prepare tender documentation in line with agency practice and legislative requirements. |
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1.4 Assisting professionals are followed up in a timely manner to ensure prompt delivery of tender documentation. 1.5 Property promotion and advertising are implemented consistent with seller instructions, agreed marketing plan and agency practice. 1.6 Advertising schedule and advertisement copy are prepared in line with agreed budget, marketing plan, agency practice and legislative requirements. 1.7 Advertising schedule, advertisement copy and promotional material are reviewed for accuracy, quality, cost effectiveness and impact. 1.8 Placement of advertising and development of promotional material are coordinated to ensure maximum impact. |
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2 Receive tenders and complete sale of rural property . |
2.1 Tenders are received and placed in a locked container to maintain confidentiality until closing date in line with agency practice. 2.2 Progress on receipt of tenders is advised to seller on a regular basis. 2.3 Tenders are made available to seller after closing date so that a decision can be taken on success or otherwise of the process. 2.4 Successful tenderer is promptly advised so that contract can be signed. 2.5 Negotiations are conducted in a professional manner with tenderers in line with seller instructions, agency practice and legislative requirements. 2.6 Sales documentation is completed and deposit taken at conclusion of process to evidence seller's and buyer's respective obligations. 2.7 Successful outcome of process is advised to assisting professionals by sending exchanged contracts in a timely manner. 2.8 Deposit is processed promptly in line with contract, legislative requirements and agency practice. 2.9 Special contract conditions are followed up to facilitate settlement within contract parameters. |
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3 Negotiate with tenderers if tenders received are unacceptable to seller . |
3.1 Negotiations with all or selected tenderers are commenced if tenders are unacceptable to seller in line with seller instructions, agency practice and legislative requirements. 3.2 Effective negotiation techniques are used to persuade and reach agreement between seller and buyer. 3.3 Alternative offers are discussed and their viability assessed. 3.4 Effective techniques are used for dealing with conflict and breaking deadlocks , where required, in line with agency practice, ethical standards and legislative requirements. 3.5 Effective techniques are used for closing sale in line with agency practice, ethical standards and legislative requirements. |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
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This section describes the essential skills and knowledge and their level, required for this unit. |
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Required skills :
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Required knowledge and understanding :
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Evidence Guide
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment |
This unit of competency could be assessed through practical demonstration of preparing and conducting a sale of rural property by tender. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment. |
Critical aspects for assessment and evidence required to demonstrate competency in this unit |
A person who demonstrates competency in this unit must be able to provide evidence of:
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Context of and specific resources for assessment |
Resource implications for assessment include:
Where applicable, physical resources should include equipment modified for people with disabilities. Access must be provided to appropriate learning and/or assessment support when required. Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed. Validity and sufficiency of evidence require that:
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In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed. |
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Range Statement
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Rural property may refer to: |
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Legislative requirements may include: |
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Tender details may include: |
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Tender documentation may include: |
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Assisting professionals may include: |
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Property promotion and advertising may include: |
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Sales documentation may include: |
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Effective negotiation techniques may include: |
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Effective techniques for dealing with conflict and breaking deadlocks may include: |
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Effective techniques for closing sale may include: |
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Unit Sector(s)
Unit sector |
Property development, sales and management |
Competency field
Competency field |
Stock and station agency |