Unit of competency Outline

Date retreived
22/07/2026 3:10 PM AWST

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Take instructions in relation to a conveyancing transaction

Take instructions in relation to a conveyancing transaction

Unit of competency
National Code
BSBCNV511
State Code
OCF30
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
090901 - Business And Commercial Law
Original Release Date
16/03/2021
Nominal Hours
80
Description
This unit describes the skills and knowledge required to take instructions from a potential client to initiate a conveyancing transaction.The unit applies to individuals who communicate with clients to establish the client’s needs, and identify conflicts of interest, parties, properties and other interests, and determine terms of engagement and contingency strategies.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the BSB Companion Volume Implementation Guide or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Establish client needs
  • 1.1 Identify and verify the client identity according to practice policies and procedures
  • 1.2 Identify and clarify client needs and expectations according to practice policies and procedures
  • 1.3 Determine and discuss optional courses of action with client
  • 1.4 Check information and documentation in relation to the transaction for accuracy and relevance
  • 1.5 Obtain mutual agreement regarding responsibilities, obligations and expectations of all parties to the transaction
  • 1.6 Record and document client’s needs and responsibilities
2. Identify any conflict of interest
  • 2.1 Identify and record existing or potential conflicts of interest associated with the transaction
  • 2.2 Evaluate conflicts of interest and determine required action for the client and practice, and advise client of any necessary action
3. Identify parties, properties and other interests
  • 3.1 Identify the roles of various parties involved in the conveyancing transaction
  • 3.2 Analyse estates and interests in land according to relevant transaction
  • 3.3 Analyse relevant searches, Certificates of Title and other relevant documents and confirm facts pertaining to the transaction
  • 3.4 Communicate to the client the title and contract details and respective consequences of the conveyancing transaction
4. Determine terms of engagement
  • 4.1 Document terms of engagement which comply with legislative, regulatory and practice requirements and articulate to client clearly and promptly
  • 4.2 Establish and record client’s agreement with terms
  • 4.3 Obtain relevant authorities from client and other relevant parties
  • 4.4 Verify identity of client according to firm policies and procedures
  • 4.5 Check estimates of fees, disbursements and time for accuracy and completeness and provide to client
5. Determine contingency strategies
  • 5.1 Identify contingencies relating to the transaction and advise the client
  • 5.2 Determine contingency strategies and options and agree in consultation with client
6. Initiate the transaction
  • 6.1 Select a course of action which meets the client’s needs according to legislative requirements and practice policy and procedures
  • 6.2 Advise client of all actions to be implemented to meet their agreed needs and expectations
  • 6.3 Confirm and record instructions from client to proceed or not to proceed
  • 6.4 Make referrals to other professionals or third parties, where required
  • 6.5 Formally open, organise and document all relevant instructions, information, facts and evidence in client file
No information
No information
Replaces
State Code National Code Title Type
AUH16 BSBCNV501 Take instructions in relation to a transaction Unit of competency
State Code National Code Title Type
BFT8 BSB60220 Advanced Diploma of Conveyancing Qualification
BHU8 FNS51822 Diploma of Financial Services Qualification
BGO7 LGA50120 Diploma of Local Government Qualification