Unit of competency Outline

Date retreived
22/07/2026 1:31 PM AWST

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Prepare to complete the sales process - off the plan properties

Prepare to complete the sales process - off the plan properties

Unit of competency
National Code
CPPREP4501
State Code
OAQ58
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
080503 - Real Estate
Original Release Date
03/06/2020
Nominal Hours
45
Description
This unit specifies the skills and knowledge required to collate information to support sales of off the plan properties in real estate. The unit applies to industry professionals acting on behalf of principals in real estate.State or territory licensing requirements may apply to this unit.
Notes
Elements and Performance Criteria
1. Review information from developer.
  • 1.1 Determine and outline details and any limitations to property title.
  • 1.2 Confirm terms of sale, development schedule and completion date.
  • 1.3 Determine building construction characteristics and level of input permitted for buyers on finishes and appliances.
2. Evaluate information from developer about negotiable areas.
  • 2.1 Confirm price range for negotiation and minimum acceptable deposit.
  • 2.2 Confirm schedule and conditions for progress payments.
  • 2.3 Identify negotiable areas in contract conditions, including penalty clauses.
3. Establish and document contingency provisions.
  • 3.1 Establish and document provisions for when completed building does not meet specifications.
  • 3.2 Establish and document provisions for when building construction does not meet scheduled timeframes.
  • 3.3 Establish and document provisions for sales that do not settle.
  • 3.4 Access and interpret relevant legislation for off the plan sales.
4. Prepare sale information.
  • 4.1 Collate information about property to support sale settlement.
  • 4.2 Prepare an information pack to facilitate property sale.
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State Code National Code Title Type
BEH9 CPP41419 Certificate IV in Real Estate Practice Qualification