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 |