Unit of competency Outline

Date retreived
22/07/2026 8:50 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Appraise rural property

Appraise rural property

Unit of competency
National Code
CPPDSM4030A
State Code
D1275
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
25
Description
This unit of competency specifies the outcomes required to appraise the sale price range or rental value of rural property for listing purposes in line with client instructions, agency practice and legislative requirements. It includes researching the property, selecting appropriate methods to appraise the sale price range or rental value of property and preparing reports on the property appraisal. It does not address the formal valuation of property.The unit may form part of the licensing requirements for persons engaged in stock and station activities in those States and Territories where these are regulated activities.
Notes
Elements and Performance Criteria
1Research rural property.
  • 1.1 Purpose of property appraisal is established with client in line with agency practice and legislative requirements.1.2 Information on rural property is gathered and organised in a format suitable for analysis and interpretation in line with agency practice.1.3 Information gathering methods are selected that are reliable, make efficient use of time and resources and are in line with agency practice.
  • 1.4 Appropriate interpersonal communication techniques are used to access additional information from relevant people.1.5 Source documents are obtained and analysed to determine status and ownership of rural property, in line with agency practice and legislative requirements.
2Appraise sale price range or rental value of rural property for listing purposes.
  • 2.1 Appropriate method for appraising the sale price range or rental value of rural property is selected in line with agency practice.2.2 Sale price range or rental value of rural property is appraised for listing purposes in line with client instructions, agency practice and legislative requirements.2.3 Appraisal of sale price range or rental value of rural property is in line with agency practice and is clear, justified and based on assessment of all factors.2.4 Limitations in appraising rural property are recognised and specialist advice is sought as required in line with agency practice.
3Present information.
  • 3.1 Information on sale price range or rental value of rural property is presented to client within specified time, budget and quality constraints and in line with client requirements and agency practice.3.2 Information is prepared and presented in required format, style and structure using relevant business equipment and technology.3.3 Feedback on suitability and sufficiency of appraisal is obtained and where appropriate incorporated into advice.3.4 Agency property records are securely maintained in line with agency and legislative requirements, with due regard to client confidentiality.
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.
Purpose of property appraisal may include:
establish most likely selling price range or leasing price in the current market
establish rural property's best use.
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, leasing and management
taxation
water rights.
Rural property may include:
acreage
commercial
farm, including:
aquaculture
cropping
dairy
grazing
horticulture
mixed uses
olive
orchard
trees
viticulture
hobby farms
residential
water.
Interpersonal communication techniques may include:
active listening
providing an opportunity for clients to clarify their understanding of the sales process
soft questioning and seeking feedback from clients to confirm own understanding of their needs and expectations
summarising and paraphrasing to check understanding of client message
using appropriate body language.
Relevant people may include:
accountants
agronomists
auctioneers
clients
colleagues
commodity pricing consultants
crop specialists
government officials
industry professionals and members of industry associations
investment consultants
legal representatives
livestock specialists
soil scientists
stock and station agents
supervisors
taxation specialists
valuers
veterinarians.
Source documents may include:
aerial photography
agency records
auction results
chemical status reports
commodity prices
company asset documents and registers
comparative market data
depreciation schedules
farm documents
financial documents
land use controls
licences, leases and quota documentation
local government reports
maps
planning
production statistics
qualitative and quantitative data
rent reviews
reports and inventories
rural media
rural property sales reports
rural property valuation statements
taxation records
titles
water licences
weather reports.
Method for appraising the sale price range or rental value of property may include:
capitalisation
comparative sales
hypothetical development
replacement cost
summation.
Specialist advice may include:
accountants
agronomists
bankers and financiers
business consultants
commodity experts and consultants
engineers
farming consultants
government officials
industry professionals and members of industry associations
investment consultants
livestock advisers
real estate agents
soil scientists
solicitors
subcontractors
taxation specialists
technical experts
valuers
water consultants.
Business equipment and technology may include:
computers
data storage devices
email
facsimile machines
internet, extranet and intranet
photocopiers
printers
scanners
software applications, such as databases and word applications.
Feedback may include:
comments from clients and colleagues
documentation and reports
quality assurance data
questionnaires
regular meetings.
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 or case study of appraising rural property for listing purposes for sale or leasing. 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:
appraising the sale price range or rental value of rural property for listing purposes
gathering and researching information on rural property for use in conducting appraisals
identifying the limitations of rural property appraisals and sourcing specialist advice as required in line with agency practice
knowledge of agency practice, ethical standards and legislative requirements associated with appraising the sale price range or rental value of rural property for listing purposes
knowledge of different property appraisal methods
maintaining agency property records with due regard to client confidentiality in line with agency practice and legislative requirements

presenting information on sale price range or rental value of rural property to clients within specified time, budget and quality constraints and in line with client requirements and agency practice
using appropriate methods for appraising the sale price range or rental value of rural property.
Context of and specific resources for assessment
Resource implications for assessment include:
access to suitable simulated or real opportunities and resources to demonstrate competence
assessment instruments that may include personal planner and assessment record book
access to a registered provider of assessment services.
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
OAQ97 CPPREP4101 Appraise property for sale or lease Unit of competency