CPP40307-Certificate IV in Property Services

Assessment Descritption:

In this Cluster students (Candidates) must demonstrate outcomes required to enable an entrant into the real estate industry to gain an understanding of the industry and work ethically and effectively in a real estate agency. This includes awareness of ethical and conduct standards, developing a business plan, marketing the agency, legislative and regulatory frameworks and industry requirements.

This assessment is an open book assessment which can be completed by the candidate in their own time. It is n important that all questions in this assessment are completed. The assessment tasks may not be straightforward and to assist in the planning and submitting of responses to the questions the candidate:

a.must read through the student workbook carefully;

b.if necessary, undertake additional research to supplement material in the student workbook;

c.if necessary, discuss proposed responses with their trainer;

d.if undertaking a traineeship or if the candidate is employed in the real estate sector they may

discuss their responses with their supervisor or colleagues. Assessments in this Cluster may include two or more of the following formats:

a) Multiple Choice;

b) Short to Medium length Answer;

c) Case Study(s);

d) Role Play

Assessment 1 Short Answer Questions

1. Name 3 things to consider when ensuring your business meets fair trading laws 

2.What does the Spam Act 2003 say in relation to email?

3.Describe what is meant by “misleading and deceptive conduct” as it relates to marketing your products or services

4.Briefly identify and discuss two of the five Cs of opportunity identified by Scott Anthony

5.Name and describe two online information sources for the property market

6.Give 5 examples of primary research 

7.Describe what is meant by qualitative and quantitative research

8.What is meant by the term “price sensitivity”?