Field          Service Sector

 

Review of Real Estate unit standards

 

Subfield

Domain

ID

Real Estate

Real Estate Practice and Law

22311

Residential and Commercial Property Management

4678-4682, 22310

Rural, Residential, Commercial and Business Sales

23157

 

The REINZ Industry Training Organisation Ltd (REAL ITO) has completed the review of the unit standards listed above.

 

Date new versions published                                                          August 2011

 

Planned review date                                                                           December 2016

 

Summary

 

The expiry of the National Certificate in Real Estate with strands in Business Sales, Commercial/Industrial Sales,        Residential Sales, Rural Sales, Commercial/Industrial Property Management, and Residential Property Management [Ref: 0101] on 30 June 2010 meant the real estate residential property management industry sector was without an industry-specific qualification. 

 

Residential property management industry representatives and the Industry Advisory Group (IAG) requested a review of unit standards in the residential property management strand of the expired qualification, and development of new unit standards that could be included in new qualifications.  After consultation with the IAG, industry representatives, and organisations with consent to assess, the content, levels and credit values of the reviewed and new standards were agreed.

 

Main changes resulting from the review

 

·         The following standards were replaced by other standards due to significant changes in the removal of content and new evidence requirements being developed:

·         Standard 22311 was reviewed to reflect the new Unit Titles Act 2010.

·         Standard 23157 was reviewed and updated.

·         New standards 27487, 27488, 27490, 27493, 27494, and 27495 were developed to cover skills and knowledge required by the real estate industry-sector.

 

Category C unit standards will expire at the end of December 2012.

 

Impact on Consent and Moderation Requirements (CMR)

 

The development of new residential property management sector-specific assessment standards has impacted on the teaching and assessing requirements for organisations seeking consent to assess against these standards.  See Industry or sector-specific requirements for consent to assess, Criterion 3 in CMR 0070 for details.

 

Impact on registered qualifications

 

The following table identifies a qualification developed by another SSB that is impacted by the outcome of this review and development.  The SSB has been advised that the qualification requires revision.  The standards that generated the status Affected are listed in bold.

 

Ref

Qualification Title

ID

SSB Name

0657

National Certificate in Property Consultation and Valuation (Technician) (Level 5)

4678-4682

InfraTrain New Zealand

 

Detailed list of unit standards - classification, title, level, and credits

 

All changes are in bold.

 

Key to review category

A

Dates changed, but no other changes are made - the new version of the standard carries the same ID and a new version number

B

Changes made, but the overall outcome remains the same - the new version of the standard carries the same ID and a new version number

C

Major changes that necessitate the registration of a replacement standard with a new ID

D

Standard will expire and not be replaced

 

Service Sector > Real Estate > Real Estate Practice and Law

ID

Title

Level

Credit

Review Category

22311

Demonstrate an understanding of the Unit Titles Act 1972

Demonstrate knowledge of the Unit Titles Act 2010 for real estate personnel

4

3

B

 

Service Sector > Real Estate > Residential and Commercial Property Management

ID

Title

Level

Credit

Review Category

4678

 

4679

 

27485

Demonstrate knowledge of rent reviews and recommend rental ranges for residential property

List and market residential rental properties and market residential property management services

Market and manage residential rental properties

4

 

4

 

4

3

 

5

 

20

C

 

C

4680

 

27491

Manage tenanted residential property on an ongoing basis

Maintain tenanted residential property on an ongoing basis

4

 

4

5

 

8

C

4681

 

27489

 

27497

Complete tenancy agreements for residential property

Inspect a residential property for rental and prepare a report

Demonstrate knowledge of the bond system for residential property rentals

4

 

4

 

3

3

 

4

 

3

C

4682

27492

Manage the tenants of rented residential property

Set up a residential property rental

4

4

4

10

C

22310

 

 

27486

27496

Demonstrate knowledge of the Residential Tenancies Act 1986 and prepare tribunal applications

Manage residential tenancy disputes

Demonstrate knowledge of Residential Tenancies Act 1986 for residential property management

4

 

 

4

3

4

 

 

8

3

C

27487

Develop a disaster recovery plan for a residential property management company

5

8

New

27488

Describe the roles of residential property managers and letting agents

3

2

New

27490

Explain the role of the Tenancy Tribunal for a residential property rental

3

3

New

27493

Assess and report on the efficiency, comfort and health of a given house for residential property marketing

3

3

New

27494

Demonstrate knowledge of body corporate for residential property rental

3

2

New

27495

Demonstrate knowledge of residential property rental

3

2

New

 

Service Sector > Real Estate > Rural, Residential, Commercial and Business Sales

ID

Title

Level

Credit

Review Category

23157

Demonstrate knowledge of building styles, methods, and materials

Demonstrate knowledge of building styles, methods, and materials for real estate personnel

4

3

B