Level 3 (SCQF Level 6) Award in Residential Inventory Management and Practice

This qualification is for inventory clerks or letting agents

Split into four units this qualification focuses on residential lettings and residential inventory management practices.

Providing learners with the knowledge and understanding around the role of the agent with the tenant and landlord throughout the letting process, as well as the terms of business and required client services from the inventory provider.

This qualification is available as a Level 3 in England and Wales and SCQF Level 6 in Scotland.

Registration fee: £50 | Exam fees: £62.50 per exam
Cost: £300 (registration, four exams and certification)
Learning materials are not included in the total qualification cost. Visit our learning resources page for more info.

Register / Login

What will be covered?

Unit 1: Health and Safety, Security and General Law

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.

Unit code:
COM1 — Level 2/3 (England, Wales and Northern Ireland)
SCOM1 — Level 5/6 (Scotland)

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: Legal Aspects of Letting and Management

This covers the law specific to the letting and management of residential property, including law and legislation regarding granting, administration, financial management and termination of the various types of residential tenancies.

Unit code:
RLPM2 — Level 3 (England / Wales)
NILPM2 — Level 3 (Northern Ireland)
SRLPM2 — Level 6 (Scotland)

Learning outcomes

Understand the common elements of agreements to occupy residential properties
Understand the requirements for regaining possession of let property and the protection available to the occupier
Understand the statutory regulations of landlords and agents
Understand the fitness standards for dwellings and the responsibility for repair
Understand the requirements for safety in let property
Understand the legislation relating to Houses in Multiple Occupation (HMOs)
Understand the legal requirements relating to tenancy deposits
Understand consumer and business protection legislation applicable to residential letting
Understand the key requirements of any transactional tax relating to residential property
Understand the main criteria relating to the regulation of insurance based activities

Unit 3: Residential Letting and Property Management

This unit examines the processes undertaken by the inventory provider from agreeing to their Terms of Business and cost through to undertaking the required services on behalf of their client. It explains the scope and purpose of the inventory provider’s service from the inventory, check-in and periodic visit, through to the check-out. It considers how these reports are used by the parties and any instructing agent. It also covers government-authorised tenancy deposit protection schemes and their processes.

Unit code:
RIMP3 — England / Wales
SRIMP3 — Scotland

Learning outcomes

Understand the elements of a letting agency’s Terms of Business and the agent’s authority to act
Understand the process for dealing with offers including the referencing of applicants and guarantors
Understand the key terms commonly found in tenancy agreements and appreciate what checks need to be undertaken and what documents should be in place before a tenancy agreement is executed
Understand the procedures to be followed when allowing a tenant into occupation for the first time
Understand the letting agent’s client accounting procedures
Understand responsibilities surrounding the on-going management and maintenance of the property
Understand the processes involved in extending, renewing or terminating a tenancy agreement including breaches by either party

Unit 4: Residential Inventory Management and Practice

This unit covers the processes undertaken by an inventory provider from agreeing to terms of business and cost to undertaking required services on behalf of a client. The scope and purpose of the inventory provider's service is discussed, from the inventory, to check in, periodic visits and check out.

Unit code:
RIMP4 — England / Wales
SRIMP4 — Scotland

Learning outcomes

Understand the content and importance of terms and conditions of business
Understand the processes and reasons for inventory preparation
Understand the processes and procedures involved with the check-in
Understand the purpose and scope of periodic visits
Understand the purpose and scope of the check-out
Understand the post check-out procedure and deposit return process

Common units
Our common units make it easier for you to achieve associated qualifications in the future by carrying over previously achieved unit results. Learn more...

How long will it take?

We estimate it takes up to 12-18 months, or approximately 120 hours of study, to complete. From your registration date you will have 3 years to complete your qualification. If you fail to pass in this timescale you'll need to re-register.

How will I be assessed?

Each unit is assessed by a 20 question multiple-choice examination which must be answered within 30 minutes and a pass mark of 70% must be achieved.

What will I get?

You will receive a nationally recognised qualification at a level broadly equivalent to an A-Level or Higher level qualification in Scotland.

How to achieve your qualification

Qualification specification

While studying, you should always keep the qualification specification to hand. All exam questions are based on the unit's listed learning outcomes and assessment criteria, which will provide guidance to ensure you gain relevant, current, and valid knowledge during your studies.

Once you register for a qualification, you can download a copy of the qualification specification from your learner portal.

Examinations

Our online remote invigilation platform allows you to take your exams wherever you are in the UK. You just need a stable internet connection and to meet the exam conditions. Learn more...

How much do they cost?

Each exam covers one unit and costs £62.50 which is payable upon booking. Re-sits will be charged at the same rates and these prices apply to all candidates.

For more information about our fees, download the qualification and examination fee list.

Sample questions and interactive demo

INTERACTIVE DEMO
Our interactive demo sample test will help you understand how our platform works before you sit your examinations. This test will also provide examples of the type and level of difficulty of questions you are likely to be faced with during your actual examinations. This demo has questions from Unit 1: Health and Safety, Security and General Law (COM1/SCOM1)

Try the test

Please note: After you click the link above, a screen with a keycode will appear. As this is a sample test, you can press OK to continue or enter any eight characters to proceed with the sample test.

SAMPLE QUESTION DOCUMENTS
These documents help show the type and level of difficulty of questions, similar to those that you will be asked during your examinations:

Membership

Become a Propertymark member

Unlock a variety of resources and discounts by becoming a Propertymark member to support your studies. Explore the available options for more information.

Join Propertymark

Methods of study

Learning packages

Choose how you learn with a variety of online, interactive, and printed resources from experts. Additional learning packages for Propertymark Qualifications are available at a cost, with discounts for Propertymark members.

Qualification Learning Packages

Methods of study

Training courses

Our courses cater to everyone, offering specific options to support your studies and other choices for professional development if you're simply looking to enhance your skills.

Propertymark training

Level 3 award in residential inventory management and practice

This qualification is for inventory clerks or letting agents

What will be covered?

Unit code: COM1 — Level 2/3 (England, Wales and Northern Ireland) SCOM1 — Level 5/6 (Scotland)

Learning outcomes

Unit code: RLPM2 — Level 3 (England / Wales) NILPM2 — Level 3 (Northern Ireland) SRLPM2 — Level 6 (Scotland)

Learning outcomes

Unit code: RIMP3 — England / Wales SRIMP3 — Scotland

Learning outcomes

Unit code: RIMP4 — England / Wales SRIMP4 — Scotland

Learning outcomes

How long will it take?

How will I be assessed?

What will I get?

How to achieve your qualification

1

2

3

4

Qualification specification

Examinations

Become a Propertymark member

Learning packages

Training courses

Unit code:
COM1 — Level 2/3 (England, Wales and Northern Ireland)
SCOM1 — Level 5/6 (Scotland)

Unit code:
RLPM2 — Level 3 (England / Wales)
NILPM2 — Level 3 (Northern Ireland)
SRLPM2 — Level 6 (Scotland)

Unit code:
RIMP3 — England / Wales
SRIMP3 — Scotland

Unit code:
RIMP4 — England / Wales
SRIMP4 — Scotland