CPPREP4161
Undertake pre-auction processes
Undertake pre-auction processes
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This unit outlines the competencies and knowledge necessary for conducting pre-auction procedures.
It involves devising an auction strategy, communicating with the vendor or sales agent, and verifying contract details and property information.
Conduct and complete sale by auction
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This unit outlines the competencies and knowledge necessary for overseeing property auctions.
It involves obtaining, understanding, and implementing written instructions for the auction, conducting the auction, and managing the entire process, including handling situations when a property is sold or passed in.
Complete post-auction process and contract execution
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This unit outlines the competencies and knowledge necessary for finalizing post-auction procedures and executing contracts.
It involves identifying the successful bidder, verifying their legal status, finalizing contract details, ensuring all necessary signatures are obtained, and maintaining thorough records of the auction.