Auction Chattels Cluster

Overview

This cluster incorporates CPPREP4505 Value goods, chattels, plant and equipment and CPPREP4509 Auction goods, chattels or equipment nationally recognised units.

CPPREP4505 Value goods, chattels, plant and equipment specifies the skills and knowledge required to value goods, chattels, plant and equipment. It includes obtaining valuation instructions from the client, conducting research and inspection activities to support the valuation, applying appropriate methodologies to assess value, and presenting a documented valuation report to the client. CPPREP4509 Auction goods, chattels or equipment specifies the skills and knowledge required to prepare and conduct an auction of goods, chattels or equipment, including a clearing sale.

It includes preparing, conducting and completing the auction or clearing sale.

This cluster will cover the following key points:

• Obtain, interpret and confirm instructions
• Conduct research to support valuation
• Inspect goods, chattels, plant and equipment
• Apply valuation methodology
• Complete valuation and present to client
• Prepare for auction
• Implement auction day processes
• Open auction
• Manage auction to maintain flow
• Complete auction
• For further information on the unit (s) please visit the following links:

https://training.gov.au/Training/Details/CPPREP4505

https://training.gov.au/Training/Details/CPPREP4509

This training contributes to the development of competence in CPPREP4505 Value goods, chattels, plant and equipment and CPPREP4509 Auction goods, chattels or equipment nationally recognised units. Which forms part of the nationally recognised qualification CPP41419 Certificate IV in Real Estate Practice.

Please be aware that you are required to complete this unit cluster within three months of the date of purchase.