Topic_Auction_AE_Kn1of1_LMS

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School

TAFE NSW - Sydney Institute *

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41419

Subject

Management

Date

May 7, 2024

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docx

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Uploaded by CaptainDuckPerson1026 on coursehero.com

Knowledge Assessment Criteria Unit code, name and release number CPPREP4161 - Undertake pre-auction processes (1) CPPREP4162 - Conduct and complete sale by auction (1) CPPREP4163 – Complete post-auction processes and contract execution (1) Qualification/Course code, name and release number CPP41419 - Certificate IV in Real Estate Practice (1) Student details Student number 801529186 Student name Theresa Vy Phuong Pham Assessment declaration This declaration needs to be completed if you are not submitting your assessment online.  This assessment is my original work and no part of it has been copied from any other source except where due acknowledgement is made.  No part of this assessment has been written for me by any other person except where such collaboration has been authorised by the assessor concerned.  I understand that plagiarism is the presentation of the work, idea or creation of another person as though it is your own. Plagiarism occurs when the origin of the material used is not appropriately cited. No part of this assessment is plagiarised. Student signature and date Theresa Vy Phuong Pham 01/05/2023 Version: 20200909 Date created: 24/03/2020 Document title: Topic_Auction_AE_Kn_1of1 Page 1 of 38 Resource ID: TBS_19_001_Topic_Auction_AE_Kn_1of1 STUDENT NAME:

For queries, please contact: Technology and Business Services SkillsPoint Building B, Level G, Corner Harris Street and Mary Ann Street, Ultimo NSW 2007 © 2020 TAFE NSW, Sydney RTO Provider Number 90003 | CRICOS Provider Code: 00591E This file can be found at: Learning Bank The contents in this document are copyright © TAFE NSW 2020, and should not be reproduced without the permission of the TAFE NSW. Information contained in this document is correct at time of printing: 5 May 2024. For current information please refer to our website or your teacher as appropriate. Document title: Topic_Auction_AE_Kn_1of1 Page 2 of 38 Resource ID: TBS_19_001_Topic_Auction_AE_Kn_1of1 STUDENT NAME:

Assessment instructions Table 1 Assessment instructions Assessment details Instructions Assessment overview The objective of this assessment is to assess your knowledge as would be required to prepare for auctions, conducted on-site and in-rooms, in the industry. Assessment Event number 1 of 3 Topic – Auction Legislation Multiple units – Complete this topic once only for the units listed above. Instructions for this assessment This is a written assessment and it will be assessing you on your knowledge of the topic. This assessment is in three parts: 1. Multiple choice 2. True or False questions 3. Short Answer questions The assessment also contains an assessment feedback form. Submission instructions Submit t his document with your answers for each part. When you complete this assessment, upload it to the online platform for marking. You may also physically hand this in to your teacher if you are not studying online. Make sure you have added your name to the bottom of each page (the footer) of this assessment. You must keep a copy of all electronic and hardcopy assessments submitted to TAFE NSW and complete the assessment declaration when submitting the assessment. What do I need to do to achieve a satisfactory result? To achieve a satisfactory result for this assessment all questions must be answered correctly. Document title: Topic_Auction_AE_Kn_1of1 Page 3 of 38 Resource ID: TBS_19_001_Topic_Auction_AE_Kn_1of1 STUDENT NAME:

Assessment details Instructions What do I need to provide? Computer with internet access and Microsoft Office. What the assessor will provide? Access to this assessment and supporting resources. Due date and time allowed Fully online students should refer to their Training Plan for due dates, other students should refer to the Unit Assessment Guide for due dates. The indicative time to complete this assessment event is 1.5 hours. Supervision This is an unsupervised assessment. You may access your referenced text, learning notes and other resources. Your assessor may ask for additional evidence to verify the authenticity of your submission and confirm that the assessment task was completed by you. Assessment feedback, review or appeals In accordance with the TAFE NSW policy Manage Assessment Appeals, all students have the right to appeal an assessment decision in relation to how the assessment was conducted and the outcome of the assessment. Appeals must be lodged within 14 working days of the formal notification of the result of the assessment. If you would like to request a review of your results or if you have any concerns about your results, contact your Teacher or Head Teacher. If they are unavailable, contact the Student Administration Officer. Contact your Head Teacher for the assessment appeals procedures at your college/campus. Document title: Topic_Auction_AE_Kn_1of1 Page 4 of 38 Resource ID: TBS_19_001_Topic_Auction_AE_Kn_1of1 STUDENT NAME:

Specific Instructions: Read each question carefully and write your answers in the spaces provided. Complete these questions throughout your course and/or as instructed. Remember to refer to your learning materials for resources which may help to answer the questions. Part 1: Multiple choice Read the following questions and answer each carefully. Place an X in the box in the answer column of the table to select your answer choice. 1. The primary legislation that regulates the way auctions of residential property and rural land are conducted in NSW is: Answer choices Put X next to your answer a) The Property, Stock and Real Estate Agents 2012 b) The Property and Stock Agents Act 2002 (NSW) X c) The Auction, Property and Real Estate Agents Act 2010 d) The Auction, Stock and Business Agents Act 2005 2. To be eligible to enter into an agency agreement with a vendor or buyer under NSW legislation when buying or selling a property at auction, you must: Answer choices Put X next to your answer a) Hold a class 1 real estate licence b) Hold a class 2 real estate licence X c) Hold a certificate of registration for an assistant agent licence d) Hold a business agent licence Document title: Topic_Auction_AE_Kn_1of1 Page 5 of 38 Resource ID: TBS_19_001_Topic_Auction_AE_Kn_1of1 STUDENT NAME:

3. Under NSW legislation, an auctioneer is permitted to take bids during a property auction from: Answer choices Put X next to your answer a) Colleagues or other estate agents b) Anyone attending the auction c) Friends or family of the vendor d) Only registered bidders X 4. Under NSW legislation, potential bidders at a property auction must provide proof of identity to register as a bidder by showing: Answer choices Put X next to your answer a) A card(s) or document(s) issued by a government or financial institution that shows the potential bidder's name and date of birth b) A card(s) or document(s) that show the potential bidder's name and photo c) A card(s) or document(s) that show the potential bidder's name, address, date of birth and photo d) A card(s) or document(s) issued by a government or financial institution, that shows the potential bidder's name and address X Document title: Topic_Auction_AE_Kn_1of1 Page 6 of 38 Resource ID: TBS_19_001_Topic_Auction_AE_Kn_1of1 STUDENT NAME:

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