Unit of competency Outline

Date retreived
22/07/2026 3:06 PM AWST

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Appraise commercial property

Appraise commercial property

Unit of competency
National Code
CPPREP4201
State Code
OAQ48
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/03/2019
View on TGA
State Implementation and Classification
Approved Date
03/06/2020
Field of Education
089903 - Valuation
Original Release Date
03/06/2020
Nominal Hours
35
Description
This unit specifies the skills and knowledge required to appraise commercial properties for lease or sale. It includes analysing property usage and land use controls and applying suitable appraisal methodologies. It also includes researching and analysing market, property and financial data to determine an appraised price and presenting documented appraisal reports to clients.State or territory licensing requirements may apply to this unit.
Notes
Elements and Performance Criteria
1. Seek instructions.
  • 1.1 Confirm purpose of appraisal and client instructions according to legislation in the state or territory of operation.
  • 1.2 Discuss agency requirements and appraisal processes with client.
  • 1.3 Confirm commercial property usage, lease arrangements and land use controls.
  • 1.4 Obtain agreement to proceed with appraisal according to legislation in state or territory of operation.
2. Conduct research to support appraisal of commercial property.
  • 2.1 Select appraisal methodology suitable to property type and based on available information.
  • 2.2 Analyse required documents, reports and financial data for property.
  • 2.3 Analyse current market data and trends that may affect lease or sale of property.
  • 2.4 Verify accuracy and reliability of collated data.
3. Complete appraisal report.
  • 3.1 Analyse research findings to ascertain final appraisal, and record outcome according to agency requirements and client instructions.
  • 3.2 Prepare appraisal report in an acceptable format, highlighting findings and rationale.
  • 3.3 Present report to client.
  • 3.4 Retain records and documentation securely, according to agency requirements.
No information
No information
Replaces
State Code National Code Title Type
AXF23 CPPDSM4026 Analyse property and facility information Unit of competency
D1277 CPPDSM4032A Arrange valuation of facilities and assets Unit of competency
State Code National Code Title Type
AD903 CPPSS00071 Commercial sales and leasing Skill set
BEH9 CPP41419 Certificate IV in Real Estate Practice Qualification