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Core Unit
CPPREP5106
Complete property sale or lease
50 hours
Core Unit
Critical Process
Unit Overview
This unit describes the skills and knowledge required to complete property sales and leases from contract acceptance through to settlement or lease commencement. It covers legal documentation, compliance requirements, and coordination with stakeholders.
Learning Outcomes
- •Prepare and manage contracts of sale and lease agreements
- •Coordinate settlement processes and timelines
- •Manage trust account transactions
- •Ensure regulatory compliance throughout the transaction
- •Resolve issues and manage contingencies
Key Topics Covered
Contract Management
- • Contract preparation and review
- • Special conditions and amendments
- • Cooling-off periods
Settlement Process
- • Settlement coordination
- • Title transfers
- • Final inspections
Financial Management
- • Deposit handling
- • Trust account procedures
- • Commission calculations
Compliance
- • Disclosure requirements
- • Documentation standards
- • Record keeping obligations
Assessment
This unit is typically assessed through:
- •Contract preparation and review exercises
- •Settlement coordination simulations
- •Trust account transaction management