This cluster incorporates CPPREP4161 Undertake pre-auction processes, CPPREP4162 Conduct and complete sale by auction, and CPPREP4163 Complete post-auction process and contract execution in real estate nationally recognised units.
CPPREP4161 specifies the skills and knowledge required to undertake pre-auction processes.
It includes preparing a strategy for auctions, including liaising with the vendor or sales agent, confirming the details of the contract and confirming the details of the property.
CPPREP4162 specifies the skills and knowledge required to conduct an auction of property. It includes accessing, interpreting and applying written instructions for the auction, calling an auction and completing the auction process, including when a property is sold and when a property is passed in.
CPPREP4163 specifies the skills and knowledge required to complete post-auction process and contract execution. It includes identifying successful bidder and confirming their legal entity, completing contract details, ensuring that all required signatures are obtained and completing and maintaining records of the auction.
The course will cover the following key points:
- Review contract details
- Identify and document property details
- Confirm vendor expectations
- Prepare auction day strategy
- Confirm pre-auction terms, conditions and presentation
- Open auction
- Manage auction to maintain flow
- Complete auction
- Identify successful bidder
- Execute contract
- Maintain records of auction
For further information on the unit (s) please visit the following links:
https://training.gov.au/Training/Details/CPPREP4161
https://training.gov.au/Training/Details/CPPREP4162
https://training.gov.au/Training/Details/CPPREP4163
**Please be aware that you are required to complete this unit cluster within three months of the date of purchase.**
This training contributes to the development of competence in CPPREP4161 Undertake pre-auction processes, CPPREP4162 Conduct and complete sale by auction, and Complete post-auction process and contract execution, which forms part of the nationally recognised qualification CPP41419 Certificate IV in Real Estate Practice.