CPPDSM4080A Work in the Real Estate Industry

CPPDSM4080A Work in the real estate industry
CPPDSM4008A Identify legal and ethical requirements of property sales
CPPDSM4007A Identify legal and ethical requirements of property management
CPPDSM3019B Communicate with clients as part of agency operations
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Assessment Information
Assessment for this unit covers the elements and performance criteria for the unit of
competency:
CPPDSM4080A Work in the real estate industry
CPPDSM4008A Identify legal and ethical requirements of property sales
CPPDSM4007A Identify legal and ethical requirements of property management
CPPDSM3019B Communicate with clients as part of agency operations
These units, form part of the CPP30211 Certificate III in Property Services (Agency) and
CPP40307 Certificate IV in Property Services (Real Estate) under the Australian
Qualification Framework and;
 Licensing under NSW Fair Trading.
Assessment structure
 Part A – Short Answer Questions
 Part B – Extended Answer Questions
 Part C – Workplace Situation Activities
Performance Criteria and Elements
Every assessment for a Unit of Competency within the Australian Quality Framework
(AQF) is structured around Performance Criteria and Elements. To access the
performance criteria and elements go to www.training.gov.au and search for unit code:
REINSW recognises the individual needs of each learner and will provide reasonable
adjustment when required.
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Question 3 Research the specific legislation that applies to the following types of
tenancies and give an overview of the main legislative requirements of
each; eg: disclosure to tenants, rent increase, term of agreement.
1. Residential Tenancy
2. Retail Tenancy
1. If the landlord wants to increase the rent, their exists a set out
procedure of doing so.
2. This is leased for 25 years and more during which no increase is rent
is applicable.
Question 4  What are the responsibilities of a property manager to the landlord
in relation to maintaining the condition of the property?
 What are the responsibilities of the property manager to the tenant,
whilst the tenant is occupying the property?
1. A property manager finds, screens and manages tenants for the
landlord
2. Property manager handles complains, leasing, evictions,
emergencies and move outs to tenants.
Question 5 Your Landlord contacts you to ask for the phone number of his tenant, as
he is going to install new carpet in the lounge room and needs access for
the tradesman to give a quote. He is very insistent that he must get
access asap.
1. What will you do?
2. What legislative requirements will affect your decision?
1. Inform the tenant that the landlord need access to the premise.
2. RT Act 2010 section 55 and Section 57
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Question 6 Choose one of the Divisions in Part 3: “Rights and obligations of
landlords and tenants” from the Residential Tenancies Act 2010
and summarise what the Division refers to.
Ensure that you include the responsibilities of both the tenant and
landlord.
The landlord must seek consent of the tenant before accessing the
premises which is being occupied by the tenant.
The tenant must not in any way cause noise which will interfere with
the wellbeing of other tenants
Question 7 1. Explain the process and timeframes for terminating a tenant’s
agreement under the following circumstances:
1. Non payment of rent
2. End of the fixed term
2. Explain the tenant’s responsibilities when they need to terminate their
lease during the fixed term of the agreement. (if the break lease clause is
included)
1.
2.
Question 8 1. When must receipts for rent be issued?
2. What specific information must be present on a rent receipt?
1. When payment of rent is made
1. 2. The name of the person which receives the rent
The name of the person who is paying out the rent
Date when payment was made
The amount paid
Premise address
Question 9 1. At the end of the month the agency will disburse funds to their
landlords. What specific income and expenditure would be noted on
the end of month statement?
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1.
2. Explain the process you would undertake on a day to day basis to
ensure all of the information is correct on the end of month statement.
2.
Question 10 1. What are the documents that are needed before an agent can promote
a property for sale?
2. What is the Section and name of the legislation that outlines this
requirement?
1. Contact of agents certificate
2. Section 57
Question 11 1. Explain the key differences between Joint Tenants and Tenants in
Common.
2. Explain the key differences between Torrens Title and Strata Title
property.
1. The difference in the tenants comes when the tenants dies, with the
Joint tenants, the interest od the deceased is transferred to the
surviving tenant but with the tenants in common, there is no rule of
survivorship unless the deceased could have specified so
2. A torren title is where the buyer own the land and the house as a
whole but the strata is where the buyer owns the house only but not
the space since the buyer only purchases a unit of the house or a floor..
Question 12 1. Explain what information is contained in a Certificate of Title.
2. Explain how encumbrances affect the title?
3. Give an example of one type of encumbrance and what effect it
would have.
1. The name of the owner of the property
The type of the property owned
The name of the property owned
The signature of the authority
The date the certificate was issued
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