CPPREP4121_AE_Kn_1of2_LMS

.docx

School

TAFE NSW - Sydney Institute *

*We aren’t endorsed by this school

Course

41419

Subject

Management

Date

May 8, 2024

Type

docx

Pages

Uploaded by CaptainDuckPerson1026 on coursehero.com

Knowledge Assessment 1 of 2 Criteria Unit code, name and release number CPPREP4121 - Establish landlord relationships (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 only 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 03/07/2023 Document title: CPPREP4121_AE_Kn_1of2_LMS Page 1 of 18 Resource ID: TBS_19_001_CPPREP4121_AE_Kn_1of2_LMS STUDENT NAME:

Version: 20200922 Date created: 12 December 2023 For queries, please contact: Technology and Business Services SkillsPoint TAFE NSW Ultimo © 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: 6 May 2024. For current information please refer to our website or your teacher as appropriate. Document title: CPPREP4121_AE_Kn_1of2_LMS Page 2 of 18 Resource ID: TBS_19_001_CPPREP4121_AE_Kn_1of2_LMS 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 establish landlord relationships to support property management. Assessment Event number 1 of 2 Instructions for this assessment This is a written assessment, and it will be assessing you on your knowledge of the unit. This assessment is in one part: 1. Short answer questions The assessment also contains an assessment feedback form. Submission instructions Where possible, complete and submit this assessment online via the TAFE NSW online learning platform. Upload all the required assessment files in the assessment area on the online learning platform. Alternatively, hand all required assessment files to your assessor for marking. Make sure you have added your name to the bottom of each page of the assessment. It is important that you keep a copy of all electronic and hardcopy assessments submitted to TAFE NSW and complete the assessment declaration when you submit the assessment. What do I need to do to achieve a satisfactory result? To achieve a satisfactory result for this assessment, you must answer all questions correctly. What do I need to provide? Computer with internet access and Microsoft Office. Document title: CPPREP4121_AE_Kn_1of2_LMS Page 3 of 18 Resource ID: TBS_19_001_CPPREP4121_AE_Kn_1of2_LMS STUDENT NAME:

Assessment details Instructions What the assessor will provide? Access to this assessment and supporting online 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 concerning 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. Appeals are addressed in accordance with Every Student’s Guide to Assessment. Document title: CPPREP4121_AE_Kn_1of2_LMS Page 4 of 18 Resource ID: TBS_19_001_CPPREP4121_AE_Kn_1of2_LMS STUDENT NAME:

Part 1: Short answer questions Read the questions carefully. Your answers should stay within 10% of the word count provided by each question. 1. a. Give three (3) examples of residential rental marketing activities and explain why you think they are an appropriate tool to market the property. 1 Signage boards indicating properties available for rent, which include pictures of the interior and emphasize the property's features and details. This advertising method is effective because it appeals to potential tenants in the vicinity and marks the property for those who are visiting for a walkthrough. 2 Websites serve as dynamic platforms for engaging with prospective clients and can be seamlessly linked with the office's information management systems to streamline data handling. 3 Brochures in print form can showcase specific properties or a selection of properties managed by the agency, along with additional details such as times for property viewings, auction events, and announcements of newly available listings. b. Would this change if you were marketing rural or commercial properties, if so why? (20-30 words) Distributing printed brochures in rural areas is impractical due to the considerable distance between properties. Therefore, I would opt for advertising in the local newspaper instead. 2. a) Residential, commercial and strata management are all rental services an agency can provide. How do licencing requirements impact on the agency's ability to provide these services? (70-80 words) According to section 8 of the Property Stock Agent Act, an individual is prohibited from engaging in or operating a strata management agency without possessing a valid strata managing agent's license. Similarly, one must not conduct a real estate agency business without a real estate agent's license. The maximum fine for operating without the necessary license is 100 penalty units. A person with a certificate of registration is not permitted to perform any duties of an assistant agent unless employed by a licensed holder under the PSA Act. Furthermore, such activities must be carried out under the supervision of either the licensee in charge Document title: CPPREP4121_AE_Kn_1of2_LMS Page 5 of 18 Resource ID: TBS_19_001_CPPREP4121_AE_Kn_1of2_LMS STUDENT NAME:

of the business premises or a class 1 license holder authorized to perform those duties without violating the Act. b) Which legislative documents set out the conduct requirements for real estate agents in NSW? The Property and Stock Agents Regulations along with the Secretary's Guideline for the appropriate management of a licensee's business as per section 32 of the PSA Act 2002 outline the behavioral standards for real estate agents in New South Wales. 3. Give three examples of expectations the landlord may require from a tenant. 1 Ensure timely and complete payment of rent. 2 Refrain from making any modifications (such as renovations, alterations, or additions) to the property without obtaining written consent from the landlord. 3 Permit inspections of the property in accordance with the terms of the lease agreement, as long as the inspection notice complies with the lease terms. 4. Explain the purpose of the following agreements used to provide management services: Agreement Purpose Managing Agency Agreement This is utilized when the agent or agency takes on the role of managing agent for an extended period. Exclusive Leasing Agreement This is employed when a landlord needs the agent to secure a tenant and handle all the necessary legal paperwork. 5. Explain the areas of an agreement listed in the table below: Agreement areas Explanation of areas concerning agency Agreement terms and conditions in general aspect This section delineates the permissible and impermissible actions for agents as dictated by the owner and which the agency must comply with. Agreement fees and charges It encompasses the standard management fees and any additional applicable charges. The agreement will specify various fees such as the management Document title: CPPREP4121_AE_Kn_1of2_LMS Page 6 of 18 Resource ID: TBS_19_001_CPPREP4121_AE_Kn_1of2_LMS STUDENT NAME:

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