11755 version 3
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Assess the value of pleasure power boats
Level
5
Credits
6
Purpose
People credited with this unit standard are able to: gather data for the
valuation of pleasure power boats; estimate market value; and produce
valuation reports.
This unit standard applies to valuations made for the purpose of establishing
sale price, and for insurance, finance and legal purposes.
Subfield
Boating Industries
Domain
Marine Sales and Services
Status
Registered
Status date
28 March 2001
Date version published
20 March 2009
Planned review date
31 December 2012
Entry information
Prerequisites: Unit 11765, Explain principles of law and
ethics applying to boat brokerage and the sale of boats
on behalf of owners; and Unit 11767, Prepare
descriptive reports of pleasure power boats; or
demonstrate equivalent knowledge and skills.
Accreditation
Evaluation of documentation and visit by NZQA and
industry.
Standard setting body (SSB)
Boating Industry Training Organisation
Accreditation and Moderation Action Plan (AMAP) reference
0136
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Special notes
1
Pleasure power boats – boats of up to 400 feet in length, propelled solely by inboard
or outboard motors, and not used for hire or reward.
 New Zealand Qualifications Authority 2016
11755 version 3
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2
The following apply to the performance of all elements of this unit standard:
a All work practices must meet documented company quality management
requirements. These include documentation of activities, events, and decisions;
b All communications made in relation to this unit standard must be made in
accordance with company procedures for content, recipient, timing, and method;
c All activities must comply with any policies, procedures, and requirements of the
organisation/s involved; the ethical codes of relevant professional bodies; and any
relevant legislative and/or regulatory requirements, including the Health and Safety
in Employment Act 1992, Resource Management Act 1991, Maritime Transport
Act 1994, Fair Trading Act 1986, and the Consumer Guarantees Act 1993, and
subsequent and delegated legislation.
3
Range
4
This unit standard can be assessed on job and off job in combination.
pleasure power boats – dinghies, trailer craft, launches, motor yachts,
house boats, displacement hulls and planing hulls, monohulls and
multihulls.
Elements and performance criteria
Element 1
Gather data for the valuation of pleasure power boats.
Range
data – physical inspection of boats, inspection of documentation.
Performance criteria
1.1
Physical inspection of boats is carried out with owners’ permission.
1.2
Inspection covers all the boat features and characteristics that could impact on
value.
1.3
Knowledge of pleasure power boat construction, materials, features, and
maintenance, is applied to determine possible effects on value.
Range
features – to include the condition and performance of engines
and ancillary equipment including fuel and electronics systems.
Element 2
Estimate market value.
Performance criteria
2.1
Current sales, valuation, and listings information is accessed, analysed, and
used to determine market value.
2.2
Identification of information relating to non-comparable sales enables such
information to be discarded.
 New Zealand Qualifications Authority 2016
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2.3
Assessment of information arising from physical inspection, and from inspection
of documentation, is used to determine market value.
2.4
Market values are quantified using established industry methodologies.
Range
two of the following – analysis of sales method, asking prices of
current competition method, replacement cost method.
Element 3
Produce valuation reports.
Performance criteria
3.1
Reports are presented in accordance with company and client requirements
and procedures.
3.2
Reports include disclaimers to company requirements.
3.3
Reports are produced within agreed time-frames.
3.4
Valuations are approved by company management.
Please note
Providers must be accredited by NZQA, or an inter-institutional body with delegated
authority for quality assurance, before they can report credits from assessment against
unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be accredited by NZQA before they can register
credits from assessment against unit standards.
Accredited providers and Industry Training Organisations assessing against unit standards
must engage with the moderation system that applies to those standards.
Accreditation requirements and an outline of the moderation system that applies to this
standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The
AMAP also includes useful information about special requirements for organisations
wishing to develop education and training programmes, such as minimum qualifications for
tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact the Boating Industry Training Organisation training@bia.org.nz if you wish
to suggest changes to the content of this unit standard.
 New Zealand Qualifications Authority 2016