Requiring 17 units for this qualification
   
 
 
 
 
 

CERTIFICATE IV IN PROPERTY (PRD40101)
Requiring 17 units for the qualification (9 core units and 8 elective units):
 
Implementation Plan
The objective of the implementation plan is to put into place enabling structures that will stimulate, support and reinforce new behaviors and cultural change. Communication is a critical process that helps ensure the success of the learning program. It will help us set direction, goals, and vision and communicate this information to others clearly and continuously.
Note: the minimum age of enrolment for this course is 18 years of age.
 
9 core units are:
PRDRE10A (CORE) MANAGE AGENCY RISK
  • Analyse potential risks to agency and clients.
  • Implement agency policies and procedures to Minimise risk.
  • Establish ongoing monitoring and reporting systems to minimise risk.
  • Ensure security of managed properties.
 
PRDRE11A (CORE) PROVIDE PROPERTY APPRAISAL
  • Obtain and analyse market information.
  • Research and record property factors and rental price indicators.
  • Formulate accurate advice to assist clients in making informed decisions.
 
PRDRE12A (CORE) ESTABLISH AND EXPAND CLIENT BASE
  • Service existing client base. Develop a business network.
  • Implement strategy to expand client base.
  • Communicate outcomes of prospecting activities to key stakeholders.
  • Maximise repeat business opportunities.
 
PRDRE13A (CORE) OBTAIN PROPERTY LISTINGS
  • Establish and monitor client motivation and expectations of the agency.
  • Deliver property listings presentations.
  • Provide advice on available options.
  • Secure property marketing listings.
  • Negotiate fees and conditions with lessors.
  • Record and act on instructions.
 

PRDRE14A (CORE) MARKET PROPERTY

  • Develop marketing plan for subject property.
  • Promote and advertise property.
 
PRDRE22A (CORE) PRESENT AND EXPLAIN PROPERTY REPORTS
  • Undertaking property inspection.
  • Define the main features of building styles in the market as they affect the subject property.
  • Prepare a property condition report.
 
PRDRE30A (CORE) IMPLEMENT PERSONAL MARKETING PLAN
  • Maintain a professional image.
  • Address client requirements.
  • Build credibility with clients.
 
PRDRE37A (CORE) PERFORM AND RECORD PROPERTY MANAGEMENT ACTIVITIES AND TRANSACTIONS
  • Management activities and transactions.
  • Check in tenants and provide tenancy reports.
  • Establish and maintain tenant / landlord documentation and files.
  • Prepare tenancy agreements in accordance with legislative requirements
  • Prepare managing agents agreements in accordance with legislative requirements.
  • Record tenants / landlord transactions on agency database.
  • Receive, record and lodge security deposits (bonds) and rent.
 
PRDPOD62A (CORE) CLARIFY AND CONFIRM PROPERTY INFORMATION REQUIREMENTS
  • Discuss and clarify requirements.
  • Confirm processes for providing information.
  • Prepare and provide information.
 
8 elective units are to be completed from the following list:
PRDRE07A (ELECTIVE) IMPLEMENT STAFF SKILL DEVELOPMENT AND TRAINING
  • Provide continusing performance development opportunities to improve agency.productivity and the career prospects of staff.
  • Induct new staff and evaluate induction processes.
  • Review training activities.
 
PRDRE15A (ELECTIVE) UNDERTAKE PROPERTY SALES BY PRIVATE TREATY
  • Screen buyer enquiries.
  • Undertaking property inspection.
  • Apply effective sales presentation techniques.
  • Decide on future contacts with prospects.
  • Maintain communication with vendor.
  • Submit offers and negotiate property sales.
  • Maintain client relationships.
 
PRDRE16A (ELECTIVE) MONITOR SALES PROCESS
  • Plan for property settlement.
  • Prepare documentation for agency disbursements.
 
PRDRE17A (ELECTIVE) EFFECTIVELY MANAGE PROPERTY AND ACCOUNT TO LANDLORD
  • Negotiate with landlord strategies for maximising annual rental returns.
  • Plan for and manage tenancy renewals.
  • Manage rental arrears to minimise financial loss to lessors.
  • Account to landlord on a regular basis for rental moneys collected.
 
PRDRE18A (ELECTIVE) LEASE PROPERTY
  • Screen tenant enquiries.
  • Undertake property inspection.
  • Obtain and review tenancy applications.
  • Prepare and complete tenancy documentation.
  • Record tenancy arrangements and prepare instructions for future records of transactions in the agency database.
 
PRDRE19A (ELECTIVE) PROVIDE PROPERTY MANAGEMENT SERVICES
  • Operate trust accounts for managed property clients.
  • Undertake risk management for managed properties.
  • Ensure security of managed properties.
  • Maintain and protect condition of managed property.
  • Plan for tenancy renewals.
  • Ensure landlord's legal rights are protected.
  • Obtain vacant possession of managed properties.
 
PRDRE20A (ELECTIVE) PROVIDE STRATA MANAGEMENT SERVICES
  • Implement owner corporation procedures and structures.
  • Maintain records.
  • Execute agreements.
 
PRDRE21A (ELECTIVE) PROVIDE PROPERTY DEVELOPMENT AND MARKETING SERVICES
  • Assess viability.
  • Approach potential clients.
  • Discuss and clarify instructions with potential clients.
  • Determine and negotiate a fee.
  • Confirm assignment.
 
PRDRE24A (ELECTIVE) PREPARE ASSET REFURNISHMENT PLAN
  • Establish need for refurbishment.
  • Confirm client requirements.
  • Implement refurbishment management services contract.
  • Evaluate and report on refurbishment outcomes.
  • Secure agency fees.
 
PRDRE26A (ELECTIVE) CONDUCT PROPERTY SALE BY AUCTION
  • Conduct auction.
  • Complete auction sale.
 
PRDRE27A (ELECTIVE) MONITOR CHATTEL AUCTION / CLEARING SALE
  • Prepare chattel auction inventory.
  • Maintain security of chattels and auction site during auction.
  • Monitor and record sales and collect payments.
  • Secure agency fee.
 
PRDRE28A (ELECTIVE) MAINTAIN TRUST ACCOUNT
  • Establish trust account record-keeping systems.
  • Secure cash disbursement.
  • Establish, supervise and control staff activities in relation to trust.
  • Maintain records of trust account transactions.
 
PRDRE29A (ELECTIVE) USE AND MAINTAIN A PROPERTY INFORMATION DATABASE
  • Determine and access appropriate property database(s).
  • Retrieve relevant property information and produce reports.
  • Upgrade and enter property information.
 
PRDRE31A (ELECTIVE) NEGOTIATE EFFECTIVELY WITH LANDLORDS AND TENANTS
  • Communicate with landlords and tenants to reach a desired outcome.
  • Manage potential and real disputes between landlords and tenants.
 
PRDRE32A (ELECTIVE) MAINTAIN AND PROTECT CONDITIONS OF RENTED PROPERTIES
  • Conduct regular property inspections.
  • Analyse property conditions with respect to market expectations and legislative requirements.
  • Monitor and manage contacts for ongoing maintenance to ensure compliance with legislative and maintenance programs.
  • Advise landlord on ways of protecting the asset value of property through systematically planned preventative maintenance programs.
 
PRDRE39A (ELECTIVE) PREPARE AND EXECUTE DOCUMENTATION
  • Prepare documentation.
  • Present documentation for execution.
  • Manage collateral / third party involvement.
  • Draft, adapt and construct documents to meet client needs and instructions.
 
BSAFIN301B (ELECTIVE) MAINTAIN DAILY FINANCIAL RECORDS FOR ACCOUNTING PURPOSES
  • Enter cash transactions into cash journals.
  • Prepare bank reconciliations.
  • Enter credit transaction into journals.
  • Maintain creditors and debtors systems.
 
BSAINF401B (ELECTIVE) SUPERVISE AN ESTABLISHED RECORDS SYSTEM TO ENSURE ITS INTEGRITY
  • Maintain existing agency filing arrangements.
  • Ensure distribution of files and records.
  • Maintain security of filing system.
  • Train staff in records management.
 
BSAORG402B (ELECTIVE) PLAN MEETINGS TO ENABLE THE STATED OBJECTIVES OF THE MEETINGS TO BE MET
  • Make meeting arrangements.
  • Prepare documentation for meetings.
  • Record and product minutes of meeting.
 
BSXFMI404A (ELECTIVE) PARTICIPATE IN, LEAD AND FACILITATE WORK TEAMS
  • Participate in team planning.
  • Develop team commitment and cooperation.
  • Manage and develop team performance.
  • Participate in, and facilitate the work team.