Field           Service Sector

 

Review of Real Estate unit standards

 

Subfield

Domain

ID

Real Estate

Real Estate Practice and Law

15500, 22311, 23134-23137, 23140, 23141, 26148, 26149, 29882

Residential and Commercial Property Management

27485, 27489, 27494, 27774, 27775, 29636-29638, 29640, 29642-29645

Rural, Residential, Commercial and Business Sales

23157, 26150

 

The Skills Organisation (Skills) has completed the review of the unit standards listed above.

 

Date new versions published                                                               January 2021

 

Planned review date                                                                              December 2025

 

Summary

 

The unit standards were reviewed to incorporate changes to legislation that have impacted the wider Real Estate industry and assessment requirements.  The unit standards were reviewed to ensure they are fit for purpose, relevant to the wider Real Estate industry, and readily available for assessment.  Skills formed Consultation Review Groups which consisted of representatives from the Real Estate Authority, industry associations, training providers, employers of real estate agencies and residential property management companies.  These representatives were involved in the review, writing of unit standards, and providing feedback from their own networks.

 

Main changes

 

·      Unit standard 27775 decreased in credit value and unit standard 29644 increased in credit value to better reflect the requirements of the unit standards.

·      All unit standards were amended to reflect current legislation and future industry requirements, to include suitable learning, practice, and assessment requirements.

·      Titles of some standards were amended to better reflect the outcomes.

·      The level of unit standard 23141 was decreased to better reflect the skills and knowledge required.

·      Unit standards were updated to align with current template.

 

The last date for assessment of superseded versions of Category B unit standards is December 2021

 

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

15500

Establish a personal professional presence in the real estate market

4

2

B

22311

Explain aspects of the Unit Titles Act 2010 for real estate personnel

4

2

B

23134

Demonstrate knowledge of law relating to land titles, ownership, and transfer of land

5

4

B

23135

Demonstrate knowledge of the law of contract and the law of agency in a real estate context

4

5

B

23136

Demonstrate knowledge of consumer protection law related to real estate practice

Demonstrate knowledge of laws related to consumer protection in a real estate context

4

4

B

23137

Demonstrate knowledge of the sale and purchase agreement and facilitate a sale of real estate

Demonstrate knowledge of the sale and purchase agreements and manage the sale of real estate

5

5

B

23140

Develop marketing plans for real estate, qualify customers, and present properties for sale

Demonstrate knowledge of and develop marketing plans for real estate, qualify customers, and present properties for sale

4

5

B

23141

Demonstrate knowledge of legislation as applied to real estate licensees

5

4

4

B

26148

Demonstrate knowledge and use of inspection and appraisal for real estate property

Demonstrate and apply knowledge of inspection and appraisal for real estate property and qualify prospective clients

5

4

B

26149

Demonstrate knowledge of licensing and code of professional conduct under the Real Estate Agents Act 2008

Explain licensing and the code of professional conduct under the Real Estate Agents Act 2008

4

4

B

29882

Demonstrate knowledge of the resource management and building law relevant to real estate licensees

Demonstrate knowledge of the laws relating to resource management and building in a real estate context

4

4

B

 

Service Sector > Real Estate > Residential and Commercial Property Management

ID

Title

Level

Credit

Review Category

27485

Manage and market a residential property

Demonstrate and apply knowledge of residential property management, and market a property for rental

4

6

B

27489

Inspect a residential property for rental and complete inspection reports

Demonstrate knowledge of property inspections and complete inspections reports for a residential property for rental

4

4

B

27494

Demonstrate knowledge of a body corporate for a residential property

3

1

B

27774

Complete a rental appraisal report for a residential property

Assess maintenance and compliance and complete a rental appraisal report for a residential property

4

3

B

27775

Demonstrate knowledge of the impact of, and response to, natural disasters in residential property management

4

4

3

B

29636

Demonstrate knowledge of legislation for residential property management

4

4

B

29637

Establish and maintain professional relationships in residential property management

4

8

B

29638

Demonstrate knowledge of agencies and amenity providers in residential property management

Demonstrate and apply knowledge of agencies and amenity providers in residential property management

4

2

B

29640

Explain the role of the Tenancy Tribunal and manage tenancy disputes

Demonstrate knowledge of the role of the Tenancy Tribunal and manage tenancy disputes

4

10

B

29642

Manage maintenance of a tenanted residential property on an ongoing basis

Manage maintenance of a tenanted residential property

4

6

B

29643

Establish a residential tenancy

Demonstrate knowledge of and complete a residential tenancy agreement

4

8

B

29644

Demonstrate knowledge of the Residential Tenancies Act 1986

3

3

4

B

29645

Demonstrate and apply knowledge of the bond system

Demonstrate and apply knowledge of the bond system for a residential property

4

3

B

 

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

ID

Title

Level

Credit

Review Category

23157

Demonstrate knowledge of building styles and materials for real estate personnel

Demonstrate knowledge of building styles and materials for real estate in New Zealand

4

3

B

26150

Demonstrate knowledge of methods for sale of real estate in New Zealand

4

4

B