CPPDSM4080A Work In The Real Estate Industry Assignment
Added on 2020-06-06
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CPPDSM4080A - Work in the real estate industry and CPPDSM4008A - Identify legal and ethicalrequirements of property sales to complete agencywork (NSW)Portfolio of evidence
All terms mentioned in this text that are known to be trademarks or service marks have been appropriately capitalised. Use of a term in this text should not be regarded as affecting the validity of any trademark or service mark.All rights reserved. No part of the material protected by this copyright may be reproduced or utilised in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.Open CollegesWRITTEN ASSESSMENT TASKSPage 2 of 26
InstructionsTo help Open Colleges manage your assessment, please use the following file-naming convention when you save your Microsoft Word document. Your file should be named and saved to your computer hard drive using your: [Student number]_ [assessment] _ [assessment number].docxFor example:12345678_21850a_01.docxCompetency detailsCPPDSM4080A- This unit of competency specifies the outcomes required to enable a new entrant to the industry to gain a basic understanding of the industry and work ethically and effectively in a real estate agency. This includes awareness of ethical and conduct standards, core functions of real estate agency operations, legislative and regulatory framework within which the industry operates and industry employment requirements.CPPDSM4008A- This unit of competency specifies the outcomes required to meet the core legal and ethical requirements associated with property sales. This includes awareness of the legislation relating to property sales, the role and responsibility of agency personnel in property sales, the administration of sales transactions and the completion of sales documentation.The units may form part of the licensing requirements for persons engaged in real estate activities in those States and Territories where these are regulated activities.
Getting startedThe assessments have been designed to provide evidence that demonstrates your competence in the units CPPDSM4080A - Work in the real estate industry and CPPDSM4008A - Identify legal and ethical requirements of property sales to complete agency work.Your trainer will:answer any questions that you have about the assessmentAssess your competence as stipulated in the unit of competency by making judgments about the evidence you have presented in line with the rules of evidence – validity, authenticity, currency and sufficiency.Provide feedback on the outcomes of the assessment process.IntroductionYou are required to complete three assessments CPPDSM4080A - Work in the real estate industry and CPPDSM4008A - Identify legal and ethical requirements of property sales to complete agency work.This assessment is designed to gather evidence of your competence, specifically: Develop knowledge of estate agency operations and property salesInterpret and comply with legislative and agency requirements Model ethical practice Develop knowledge of sales processIdentify industry employment requirements and the roles and responsibilities of sales personnelAssessment Description 32982/02Portfolio of evidence – Case Study Open CollegesWRITTEN ASSESSMENT TASKSPage 4 of 26
Assessment 2:Case Study: City Surf Real Estate has been operating for over 2 years. You commenced working for theorganisation six months ago as a residential property sales agent. Since its inception the agency has grown rapidly and there are key aspects of its day to dayoperations which need to be reviewed to ensure that all work tasks are carried out in accordance with industry and legislative requirements. You have just attended a meeting with Jim Sykes the owner of the agency, who has asked you to take on more responsibilities which includes the completion of key tasks as required.He has also indicated that these tasks will be beneficial to your professional development and growth within the agency and will assist in any future advancements within the organisation. Jim has requested that you complete the following and report back to him in two weeks for final review and implementation:Real estate industry booklet for employeesBefore you complete the following activities you will need to read the document in Appendix A, which provides you with the City Surf Real Estate company profile, including a chart whichoutlines the roles of the employees working within the agency. Activity 1: Employee Real Estate Industry Guideline In your meeting with Jim he requested that you develop an industry booklet for all employees. Due to the rapid expansion of the agency and the need to recruit additional staff in the coming months, Jim is concerned about the quality of the agency falling below the standards he has set and would like the booklet to form part of the initial induction of all new staff and it is to be made available to all existing staff as part of their ongoing training and professional development.You have been provided with the following templates which must be used when completing this activity. Once completed you will need to submit both completed templates for this activity.Appendix B – Employee Real Estate Industry GuidelineAppendix C – Research and Reference Index Part A: Research and ReferencingTo complete this activity you will need to conduct all necessary research using software applications, websites and internet pages which must be referenced using the template provided in Appendix C.
You will also need to provide two screen shots of different web pages or software applications you have utilised during the research and preparation of the guideline to demonstrate your computer skills. Part B: Industry Guideline When completing Appendix B - Employee Real Estate Industry Guideline you must ensure that you have addressed each of the points below in detail:(Word count: 2000) Section 1: Estate Agency Operations a)Provide a brief outline of the agency (sales person) principal relationship and the key legislative requirements which must be met when enter into this type of relationship.b)Give an overview of the key responsibilities of the following key personnel working within City Surf Real Estate and the registration and licencing requirements for each role:Real Estate Principal AgentAccredited Auctioneer Property Manager/Sales RepresentativeNOTE: your response needs to address disclosure requirementssanctions for violations controls on secret commissionsliability for breach of contract and negligencec)List 4 key operations which are conducted within City Surf Real Estate and provide anoverview of the legislative and agency requirements which need to be adhered to for each area listed. d)City Surf ownership is registered as a corporation. Provide a brief explanation of whatthe licencing requirements for a corporation are in comparison to a partnership within the property services sector. Section 2: Legislative and Agency RequirementsConduct the necessary research to complete the following points and ensure that your references are recorded in Appendix C – Research and Reference Index:e)List 5 key legislations related directly to working in property services which must be followed and provide an example of how you apply each listed legislation within your own role. f)Based on NSW Legislative and Agency requirements provide information on:Licencing eligibility requirements Certificate of Registration eligibility requirementsNOTE: for each point listed above you must include details of:who is required to obtain the certifications, Open CollegesWRITTEN ASSESSMENT TASKSPage 6 of 26
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