Field           Service Sector

 

Revision of Real Estate unit standards

 

Subfield

Domain

ID

Real Estate

Real Estate Practice and Law

15500, 22311, 23134, 23135, 23136, 23137, 23140, 23141, 26148, 26149, 29882

Residential and Commercial Property Management

27485, 27489, 27494, 27774, 27775, 29636, 29637, 29638, 29640, 29642, 29643, 29644, 29645

Rural, Residential, Commercial and Business Sales

23157, 26150

 

The Skills Organisation has completed the revision of the unit standards listed above.

 

Date new versions published                                                               October 2021

 

Planned review date (unchanged)                                                       December 2025

 

Summary

 

The above unit standards were revised to extend the last dates of assessment for the most recently superseded versions.  The last date of assessment of the unit standards were reviewed by the training providers to ensure that they are readily available for learners entering, or currently enrolled in, programmes.  This change will ensure that there is not a negative impact on the wider Real Estate industry and assessment requirement; thus, mitigating any disadvantage to the individual learner.

 

Main changes

 

·      Last date for assessment for the previous version of each unit standard was amended from 31 December 2021 to 31 December 2022.

 

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

 

Service Sector > Real Estate > Real Estate Practice and Law

ID

Title

Level

Credit

15500

Establish a personal professional presence in the real estate market

4

2

22311

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

4

2

23134

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

5

4

23135

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

4

5

23136

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

4

4

23137

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

5

5

23140

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

4

5

23141

Demonstrate knowledge of legislation as applied to real estate licensees

4

4

26148

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

5

4

26149

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

4

4

29882

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

4

4

 

Service Sector > Real Estate > Residential and Commercial Property Management

ID

Title

Level

Credit

27485

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

4

6

27489

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

4

4

27494

Demonstrate knowledge of a body corporate for a residential property

3

1

27774

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

4

3

27775

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

4

3

29636

Demonstrate knowledge of legislation for residential property management

4

4

29637

Establish and maintain professional relationships in residential property management

4

8

29638

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

4

2

29640

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

4

10

29642

Manage ongoing maintenance of a tenanted residential property

4

6

29643

Demonstrate knowledge of and complete a residential tenancy agreement

4

8

29644

Demonstrate knowledge of the Residential Tenancies Act 1986

3

4

29645

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

4

3

 

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

ID

Title

Level

Credit

23157

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

4

3

26150

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

4

4