Audience
Property auctioneers
Applies to
England and Wales
Duration
12 month enrolment
Study mode
Distance learning
Overview
Furthermore, on completion of this qualification learners will gain the knowledge to enhance and develop their understanding of Real Auctioneering practice and procedures as well as the appraisal and auctioneering process.
What will be covered?
This programme is made up of four units. For more information on each unit's learning outcomes open the panels below.
Unit 1: Health and Safety, Security and General Law
Unit code: COM1 | England, Wales and Northern Ireland
Unit code: SCOM1 | Scotland
Understand the general concepts of law relevant to a property professional. It deals with the historical development of the law as well as current concepts, relevant statute and common law.
Learning outcomes:
- Understand health and safety at work legislation and its relevance in and out of the workplace
- Understand the issues around keeping safe when visiting property and maintaining a secure system when dealing with keys
- Understand the general legal concepts relating to the provision of property services
- Understand the common law duties of agents and agents’ authority
- Understand the basic elements of the law of contract
- Understand the basic elements of liability outside the law of contract
- Understand the basic concepts of land law
- Understand the basic concepts of discrimination
- Understand the requirements of the data protection legislation
- Understand the requirements of the legislation dealing with the handling of money
Unit 2: Law Relating to Real Property Auctions
Unit code: RPA2
Focuses on the laws specific to carrying out residential property sales including auction sales.
Learning outcomes:
- Understand the legal framework as it applies to estate agency
- Understand the legislation and guidance as applied to auctioneering
- Understand the common law and legislative protection available for consumers
- Understand matters relating to development and ‘For Sale’ boards under the planning legislation
- Understand restrictions and regulations covering provision of financial advice
Unit 3: Real Property Auctioneering Practice and Procedures
Unit code: RPA3
How auctioneers should conduct themselves when carrying out residential sales and auctions in order to comply with all relevant statute, common law and principles of best practice.
Learning outcomes:
- Understand the different types of agency
- Understand key agency terms
- Understand the different methods of sale for residential property
- Understand the requirements to provide associated documentation including a valid EPC
- Understand the requirements of different types of seller
- Understand the purpose and requirements of the Auction Guidance Note and the common auction conditions
- Understand the different types of auction and auction best practice
- Understand basic marketing techniques and the role of advertising, selling and IT in estate agency
Unit 4: Property Appraisal and the Auction Process
Unit code: RPA4
Legal and technical factors relating to an auctioneer preparing for and carrying out a property appraisal.
Learning outcomes:
- Understand the factors affecting property value
- Understand the property appraisal process
- Understand staff responsibilities to sellers and buyers
- Understand how to deal with offers made on properties for sale
- Understand the role of others in the house buying/property auctioneering process
- Understand the extent of the auctioneer’s authority
- Understand the procedures to be adopted following the auction
This qualification is suitable for membership of NAVA Propertymark. Learn more about becoming a member.
