Modification History
Not Applicable
Unit Descriptor
Unit descriptor |
This unit of competency specifies the outcomes required to work effectively in providing business broking services. It requires the ability to comply with legal and procedural requirements, complete daily work activities and identify opportunities for professional development. It requires knowledge of methods for improving a professional knowledge base and maintaining a professional approach in business broking. The unit may form part of the licensing requirements for persons engaged in business broking in those States and Territories where business broking is a regulated activity. |
Application of the Unit
Application of the unit |
This unit of competency supports the work of those involved in providing business broking services. |
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 |
||||
1 Model high standards of performance . |
1.1 Business broking services and work practices are planned and implemented according to client requirements and agency values , legislative requirements and ethical standards . 1.2 Work reflects an understanding and respect of individual differences, and work processes are adapted as appropriate to meet the specific needs of the client and other staff. |
||||
1.3 Breaches of organisational codes of ethics or practice are recognised and reported according to agency and professional standards and procedures . |
|||||
2 Develop and maintain professional competence . |
2.1 Feedback from clients and colleagues is used to identify and develop ways to improve competence in providing business broking services. 2.2 Personal knowledge and skills in providing business broking services are assessed against occupational competency standards and other relevant benchmarks to determine professional development needs and priorities. 2.3 Opportunities for personal development strategies to maintain currency of professional competency in providing effective business broking services are identified and implemented. 2.4 Professional networks are participated in to identify and build relationships with relevant individuals and organisations and to obtain and maintain personal knowledge. |
||||
3 Interpret and apply financial , legal and procedural requirements . |
3.1 Legal and procedural requirements relevant to business broking services are identified according to agency requirements. 3.2 Key legal and procedural principles relating to agency values and requirements are identified and interpreted according to legislative requirements. 3.3 Financial information relevant to business are identified and assessed according to agency requirements. 3.4 Own interpretation and application of financial, legal and procedural requirements are confirmed with appropriate persons to ensure consistency. 3.5 Applicable legislative and procedural requirements are complied with in own work performance and ethics. |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
|
This section describes the essential skills and knowledge and their level, required for this unit. |
|
Required skills :
|
|
Required knowledge and understanding :
|
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 demonstrating the completion of daily work activities associated with business broking in line with legal and procedural requirements, including the identification of opportunities for professional development. 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:
|
|
|
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:
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. |
|
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.
Business broking services may include: |
|
Work practices may include: |
|
Agency values , legislative requirements and ethical standards may include: |
|
Specific needs may include: |
|
|
|
Clients may include: |
|
Agency and professional standards and procedures may include: |
|
Feedback may include: |
|
Competency standards and other relevant benchmarks may include: |
|
|
|
Personal development strategies may include: |
|
Professional networks may include: |
|
Legal and procedural requirements may be included in: |
|
Financial information may include: |
|
Appropriate persons may include: |
|
Unit Sector(s)
Unit sector |
Property development, sales and management |
Competency field
Competency field |
Business broking |