Modification History
Not applicable.
Unit Descriptor
Unit descriptor |
This unit describes the performance outcomes, skills and knowledge required to take instructions from a potential client to a real estate, business or personal conveyancing transaction in order to establish a valid relationship. It encompasses establishing the client's needs, identifying if any conflicts of interest exist between conveyancer and client, identifying parties, properties and other interests, determining terms of engagement, determining contingency strategies and initiating the transaction. This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body. |
Application of the Unit
Application of the unit |
The unit has application to job roles involving conveyancing transactions in real estate, business or personal assets. |
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Establish the client's needs |
1.1. Client needs and expectations are identified, clarified and assessed in accordance with the practice's policy and procedures 1.2. Optional courses of action are determined and discussed with client 1.3. Information in relation to the transaction is checked for accuracy and relevance 1.4. Responsibilities, obligations and expectations of all parties to the transaction are mutually agreed and 1.5. Client's needs and responsibilities are recorded and documented promptly and accurately |
2. Identify any conflict of interest |
2.1. Existing or potential conflicts of interest associated with the transaction are identified and recorded 2.2. Conflicts of interest are assessed to determine appropriate action for the client and practice, and client is promptly advised of any necessary action |
3. Identify parties, properties and other interests |
3.1. Parties, properties and interests relevant to the transaction are accurately identified and verified with the client 3.2. Documentation and titles are examined to confirm facts pertaining to the transaction |
4. Determine terms of engagement |
4.1. Appropriate terms of engagement which comply with legislative, regulatory and practice requirements are determined and articulated to client clearly and promptly 4.2. Client's agreement with terms is established and recorded 4.3. Authorities are obtained from client and other relevant parties 4.4. Estimates of fees, disbursements and time are checked for accuracy and completeness and provided to client |
5. Determine contingency strategies |
5.1. Contingencies relating to the transaction are assessed and advised to the client 5.2. Contingency strategies and options are determined and agreed in consultation with client |
6. Initiate the transaction |
6.1. A course of action is selected which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice 6.2. Client is advised of all actions to be implemented to meet their agreed needs and expectations 6.3. Instructions from client to proceed or not to proceed are confirmed with client and promptly recorded 6.4. Referral to other professionals or third parties is made where appropriate 6.5. All relevant instructions , information, facts and evidence are organised, documented and client file formally opened |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the ability to:
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Context of and specific resources for assessment |
Assessment must ensure:
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Method of assessment |
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
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Guidance information for assessment |
Range Statement
RANGE STATEMENT |
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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, if used in the performance criteria, is detailed below. 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) may also be included. |
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Practice policy and procedures may include: |
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Documentation may include: |
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Transactions may include: |
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Instructions from a client may include: |
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Other professionals or third parties may include: |
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Instructions may be: |
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Unit Sector(s)
Unit sector |
Conveyancing |
Competency field
Competency field |
Co-requisite units
Co-requisite units |
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