Unit of competency Outline

Date retreived
22/07/2026 10:22 PM AWST

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Sell and finalise sale of rural property by private treaty

Sell and finalise sale of rural property by private treaty

Unit of competency
National Code
CPPDSM4021A
State Code
D1266
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
07/04/2011
State Implementation and Classification
Approved Date
15/09/2014
Field of Education
080503 - Real Estate
Original Release Date
15/09/2014
Nominal Hours
50
Description
This unit of competency specifies the outcomes required to sell rural property by private treaty and manage the contract for sale to settlement. It includes qualifying buyers, arranging for potential buyers to inspect listed properties, delivering effective sales presentations, submitting offers, negotiating property sales with sellers and buyers, and maintaining communication with sellers and prospective buyers. It also includes monitoring the lodgement of documents for the correct transfer of ownership required for a legal sale of rural property and preparing documentation for agency disbursements. The unit does not include the sale of rural property by auction.The unit may form part of the licensing requirements for persons engaged in stock and station agency activities in those States and Territories where these are regulated activities.
Notes
Elements and Performance Criteria
1Qualify buyer.
  • 1.1 Enquiriesfrom potential buyers regarding purchase of rural property are handled promptly to enable high quality service delivery according to agency requirements.1.2 Appropriate rapport is established with potential buyer.1.3 Buyer requirements are clarified and accurately assessed using appropriate interpersonal communication techniques.1.4 Factors likely to influence purchase of rural properties are identified and used to confirm buyer's intentions.1.5 Potential buyers are provided with information about available and prospective listings and assisted to find the listing that best matches their requirements.1.6 Potential buyers are assisted in making a decision to view properties using information obtained from sellers and buyers.1.7 Qualified prospects are recorded to maximise future marketing activities.
2Arrange property inspection for potential buyer.
  • 2.1 Appointments are made for property inspections in line with agency practice, ethical standards and legislative requirements.2.2 Preparations are made for property inspection in line with agency practice.2.3 Promotional material on the property is used to describe main sales features of property.2.4 Effective questioning techniques are used to clarify buyer interest in property.2.5 Records of inspection are accurately completed in line with agency practice.
3Maintain communication with seller.
  • 3.1 Seller confidence in agency marketing activities is maintained through ongoing contact and correspondence.3.2 Communication is diarised to provide an accurate and objective record of progress reports to seller.
4Deliver effective sales presentation.
  • 4.1 Factors affecting the successful conclusion of the sale are identified and addressed in the sales presentation.4.2 Key decision makers are identified to ensure that their needs and concerns are met in sales presentation.
  • 4.3 Main features of rural property are matched to buyer's stated needs and motivations.4.4 Relevant legal and financial information is used to support sales presentation.4.5 Effective communication and presentation skills are used to create buyer interest and focus buyer attention on property.4.6 Buyer is given time and space to evaluate rural property while time is used to maximum advantage to promote property.4.7 Buyer is encouraged to clarify key aspects of property before a decision is made to purchase property.4.8 Buyer questions are answered fully and honestly.4.9 Details of offer to purchase property submitted by buyer are confirmed and documented.
5Submit offer and negotiate property sale.
  • 5.1 Offer from buyer is submitted to seller in line with agency practice, ethical standards and legislative requirements.5.2 Professional agency advice is provided to seller that incorporates declared knowledge of buyer's motivations.5.3 Negotiations are conducted with buyer according to seller response in a professional manner and showing respect for seller and buyer in line with agency practice, ethical standards and legislative requirements.5.4 Effective negotiation techniques are used to persuade and reach agreement between seller and buyer.5.5 Alternative offers are discussed and their viability assessed.5.6 Effective techniques are used for dealing with conflict and breaking deadlocks where required.5.7 Effective techniques are used for closing sale.5.8 Mutually agreed price and conditions of sale are established and confirmed with seller and buyer in writing in line with agency practice.
  • 5.9 Relevant sale of property documentation is explained to seller and buyer in line with agency and statutory requirements for finalisation of property transaction.5.10 Documented agreed price and conditions of sale are made accessible that provide an accurate record of agreement and meet agency and statutory requirements for finalisation of property transaction.
6Manage contract to settlement.
  • 6.1 Settlement requirements are identified and checked with relevant parties to minimise misunderstanding or breaches of contract in line with agency practice and legislative requirements.6.2 Requests from buyer to inspect rural property prior to settlement are facilitated in line with agency practice and legislative requirements.6.3 Information on buyer and seller responsibilities with regard to building and content insurance prior to settlement is provided in line with agency practice and legislative requirements.6.4 Procedures for the holding and release of deposit funds during the settlement period are implemented in line with agency policy and legislative requirements.6.5 Settlement within the contract's legal framework is ensured by liaison with settlement agents and other assisting professionals representing the seller and buyer.6.6 Contingency plans are prepared in consultation with relevant legal agents to avoid the possibility of one or more parties to the transaction being unable to fulfil contractual obligations.6.7 Appropriate procedures are implemented if one or more parties to the transaction are unable to fulfil contractual obligations.6.8 Effective communication techniques are used in liaising with seller, buyer or other parties representing the seller and buyer through the settlement process.6.9 Progress of settlement agents and other assisting professionals is monitored in line with agency practice.
7Prepare documentation for agency disbursements.
  • 7.1 Settlement financial transactions are checked for accuracy against contractual documentation.7.2 Agency fees are calculated and safeguarded during disbursement activities.7.3 Authorised agency disbursements are obtained within contractual, agency and statutory requirements.7.4 Financial systems are updated to reflect authorised transactions.7.5 Due and proper attention is paid to obtaining required authorisations, signatures and identifications prior to disbursement.
8Decide on future contact with prospects.
  • 8.1 Nature of future contact with prospects is assessed in light of likely future agency-client interaction.8.2 Business correspondence records are held on file to provide justification for the continuation or termination of contact, and are communicated without prejudice to the parties involved.
9Maintain client relationships.
  • 9.1 Business relationships are established and maintained by mutual evaluation of seller and buyer satisfaction with services provided.9.2 Business records and databases are updated to facilitate networking and inform marketing strategy planning.
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.
Enquiries from potential buyers may be received through:
email
inspections
office
open houses
referral
telephone
website.
Rural property may include:
commercial
farm, including:
acreage
aquaculture
cropping
dairy
grazing
hobby farm
horticulture
mixed uses
olive
orchard
trees and forests
viticulture
industrial
residential
retail
water.
Appropriate rapport relates to use of techniques that:
establish and build confidence and trust in the agency and its representatives
make the buyer feel valued
promote and maintain an effective relationship with buyer.
Buyer requirements may include:
access to transport and facilities
access to suppliers and markets
finance
location
price
purpose of purchase, including:
business
farming activities
holiday
investment
private residence
water
settlement period
size and style of property
zoning.
Appropriate interpersonal communication techniques may include:
active listening
providing an opportunity for the buyer or seller to clarify understanding of the sales process
soft questioning and seeking feedback from sellers or buyers to confirm own understanding of their needs and expectations
summarising and paraphrasing to check understanding of seller or buyer's message
using appropriate body language.
Factors likely to influence purchase of rural properties may include:
climatic
economic
historical
political
seasonal
technological.
Legislative requirements may include:
relevant federal and state or territory legislation and local government regulations related to:
animal health
anti-discrimination
aquaculture
consumer protection
crown land
environmental issues
EEO
financial probity
franchises and business structure
industrial relations
livestock
native title
OHS
privacy
rural property sales
taxation
water rights.
Promotional material may include:
agent and agency profile
brochures and pamphlets
posters
property descriptions
web page entry.
Effective questioning techniques may include:
active listening
clarity of questions
different question types
reflection
using silences.
Records of inspection may include:
buyer reaction to property
buyer requirements
name and contact details of potential buyers.
Factors affecting the successful conclusion of the sale may include:
area and environment in which the property is located
availability of comparable properties
circumstances of buyer or seller
marketing preferences of seller
professional skills and resources of agent
state of the market for type of property
type and condition of property.
Key decision makers may include:
buyer's agent
business associates
executors
family members
financiers
friends of buyer
providers of professional advice, such as:
accountants
building advisers
financial advisers
legal representatives
rural property advisers
spouse or partner
trustees.
Presentation may include:
active listening
appearance
body language
use of information technology, such as website, virtual tours and online databases
use of support and promotional materials
voice.
Effective negotiation techniques may include:
analytical skills
listening techniques
non-verbal communication skills
personal attributes
presentation techniques
questioning techniques
speaking skills.
Effective techniques used for dealing with conflict and breaking deadlocks may include:
calling in a third party
clarifying the positions of both parties
deferring the decision
preparing a compromise
restating the position
summarising the progress to date.
Effective techniques used for closing sale may include:
alternate option close
assumption close
competition close
customer close
deal or concession close
direct close
indirect close
summary-of-benefits close
time-driven close.
Sale of property documentation may include:
agency agreement
contract of sale, contract note or contract for the sale of businesses
contract inclusions, such as pasturing of livestock, clearing of timber and verification of equipment specifications
declaration of selling agent
financial statement to buyer
receipt for deposit
special conditions, including insurance, natural increases, timber, crops, water licences, permissive occupancy, possession prior to completion and depasturing
vendor's statement and trading statement.
Settlement requirements may include:
buyer settlement responsibilities include:
anything new the lender requires, such as a notice of acquisition or a disbursement order
bank cheques for the balance of purchase money plus or minus adjustments
seller settlement responsibilities include:
any other documents necessary to provide a clear title to the buyer, such as discharge of mortgage, withdrawal of caveats and change of name declaration
disconnection of services, such as water, gas, electricity and telephone
keys
notify rating and taxation authorities of sale
title
transfer of land
value of land and chattels.
Deposit funds may refer to:
capacity of agent to hold
capacity of agent to release to seller.
Settlement agents and other assisting professionals may include:
accountants
conveyancers
financiers and financial institutions
landlords, managing agents and owners
legal advisers
licensed settlement agents.
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 practical demonstration of selling different types of rural property, monitoring the lodgement of documents for the correct transfer of ownership required for a legal sale of rural property, and preparing documentation for agency disbursements. 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:
arranging and conducting property inspections for potential buyers
completing standard and statutory documentation associated with the sale of rural property
knowledge and application of approaches for qualifying buyers
knowledge of agency practice, ethical standards and legislative requirements affecting the sale of rural property, the transfer of ownership required for the legal sale of rural property and agency disbursements
knowledge of consumer protection principles that affect the sale of rural property
maintaining business records associated with the sale of property

maintaining communications with sellers and buyers throughout the sales process
negotiating the sale of property with sellers and buyers
planning and delivering effective sales presentations to facilitate sale of rural property
managing contracts for sale of rural property to settlement
monitoring the lodgement of documents for the correct transfer of ownership required for a legal sale of all types of rural property and businesses
preparing documentation for agency disbursements.
Context of and specific resources for assessment
Resource implications for assessment include:
access to a registered provider of assessment services
access to suitable simulated or real opportunities and resources to demonstrate competence
assessment instruments that may include personal planner and assessment record book.
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:
competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace
where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence

all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time
assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.
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.
Replaced By
State Code National Code Title Type
OAQ45 CPPREP4105 Sell property Unit of competency