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2. Assessment CPPREP4171-Represent buyer in sales process
Version 1.0 24 June 2020 Page 6 of 47 DOCUMENT LOCATION
: Sharepoint/NSW/CPP41419/CPPREP4171 PROJECT 1 – Prepare Buyer Brief
In this Section you will demonstrate your skills and knowledge in regard to:- •
establishing buyer needs and preference for type, location and price range of property
•
determining buyer capacity to buy and their access to finance
•
explaining to a buyer the role and responsibilities of a buyer’s agent
•
preparing a buyer brief
•
preparing and completing an agency agreement with a buyer
What you need to do: You are to provide answers to the questions below in the spaces provided What you will need: •
Research materials such as books, internet, magazines, workplace documentation etc
•
Access to legislation via www.austlii.edu.au
•
Access to your office’s Policies and Procedures and standard forms and letters
•
Access to a property portal such as www.domain.com.au or www.real
estate.com.au
When: During your own time What you need to submit: Your answers in the spaces provided or as instructed in the project. Instructions Answer each of the questions below in the space provided. If you quote legislation you are required to give the full name of the Act, its year and the Section you are referring to. a.
Establishing buyer needs and preferences for type, location and price range for property
i.
Report on how you would go about establishing a buyer’s needs and preferences if they approached you to
act on their behalf to purchase a property.
ASSESSOR USE ONLY S NS
2. Assessment CPPREP4171-Represent buyer in sales process Version 1.0 24 June 2020 Page 7 of 47 DOCUMENT LOCATION
: Sharepoint/NSW/CPP41419/CPPREP4171 ii. What is the minimum of information that the agent needs to establish about the prospect on their initial meeting? ASSESSOR USE ONLY S NS b. Determining buyer capacity to buy and their access to finance i.
What should a buyer’s agent establish in order to determine a buyer’s capacity to purchase? ASSESSOR USE ONLY S NS ii.
If a buyer’s agent discusses financial matters with a buyer what does the Property and Stock Agents Act 2002 require them to do? ASSESSOR USE ONLY S NS
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