REAA - CPPREP4101 and CPPREP4504 Assessment Questions v1

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School

Western Sydney University *

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Course

CPPREP4103

Subject

Accounting

Date

May 1, 2024

Type

docx

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14

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CPPREP4101 - Appraise property for sale or lease (Release: 1) CPPREP4504 - Deliver presentations to clients in real estate (Release 1) Written Questions CPPREP4101 - Appraise property for sale or lease (Release: 1) CPPREP4504 - Deliver presentations to clients in real estate (Release 1) Written Questions RTO 32426 P a g e | 1 of 14 © Real Estate Academy Australia Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1) CPPREP4504 - Deliver presentations to clients in real estate (Release 1) Written Questions What you need to do: For this assessment task you will undertake research and report on various aspects of working in the real estate industry. A template has been provided to you to use to structure your report to cover all the required information. You are required to answer all questions correctly. If correct, you will see ‘Satisfactory’ or if incorrect you will see ‘Not Satisfactory’ in your grades section of your learner portal next to the assessment name. The assessor will provide feedback and a Record of Results in the assessment task once graded. You will be required to resubmit your work for any ‘Not Satisfactory’ assessment tasks. What you will need: You will need to research information about real estate agencies to assist with your responses for this task. Use the learner material provided in your online student portal as well as research materials such as books, internet, magazines, workplace documentation etc. to assist you in gaining the knowledge required to answer the questions. Remember that the assessment is completely self-paced and open book, so you are able to use whatever resources you have to answer the questions. What you need to submit: Your completed report. How to Submit your Assessment: Upload your completed document into the “Prospect, Appraise Property and Deliver Presentations – Written Questions” Online Assessment in your learner portal. You can drag and drop the file into the window or use the add file icon in the top left of the submission window and select the file your wish to upload by using the browse/choose file option. Click on finish attempt to submit it for grading. P a g e | 2 of 14 © Real Estate Academy Australia Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1) CPPREP4504 - Deliver presentations to clients in real estate (Release 1) Written Questions Written Questions Question 1 List sections of the legislation that apply to conducting a property appraisal. Click or tap here to enter text. Question 2 A client has phoned in a complaint about a recent property appraisal that was conducted at their home. They have indicated that the agent was talking of his phone at the time of arriving at the property after being 10 minutes late and the client felt dismissed by the agent and was no longer wanting to work with the agent to sell her property. In 100 – 150 words explain the communication strategies (what you would do or say) you would use to respond to client’s complaints. Click or tap here to enter text. P a g e | 3 of 14 © Real Estate Academy Australia Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1) CPPREP4504 - Deliver presentations to clients in real estate (Release 1) Written Questions Question 3 What is the difference between a property appraisal and a property valuation? Click or tap here to enter text. Questions 4 Complete the table below in reference to how each of the listed property attributes impact on the agent’s appraisal of the property. Property Attribute Explain the Positive/Negative Impact of your example a. Building construction - Asbestos Click or tap here to enter text. b. Building construction – steel frame Click or tap here to enter text. c. Aesthetic and design features – e.g. Neutral colour palette Click or tap here to enter text. d. Faults and hazards - Click or tap here to enter text. e. Building improvements and modifications Click or tap here to enter text. f. Property condition and presentation Click or tap here to enter text. g. Heating, cooling and ventilation systems Click or tap here to enter text. h. Energy efficiency and sustainability ratings Click or tap here to enter text. P a g e | 4 of 14 © Real Estate Academy Australia Version 1.1 – September 2020
CPPREP4101 - Appraise property for sale or lease (Release: 1) CPPREP4504 - Deliver presentations to clients in real estate (Release 1) Written Questions Question 5 List and explain (3) reasons that an owner may contact an agent for an appraisal on their property? Click or tap here to enter text. Question 6 What source documents need to be obtained and analysed for property appraisal? Click or tap here to enter text. P a g e | 5 of 14 © Real Estate Academy Australia Version 1.1 – September 2020
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