NZQA registered unit standard
4708 version 6
Page 1 of 4
Title
Prepare condition and redevelopment potential reports for potential
vendors and purchasers
Level
4
Credits
4
Purpose
This unit standard is for people who intend to operate as
branch managers in the real estate industry. People credited
with this unit standard are able to:
–
prepare general condition reports of properties for
vendors;
–
report on the redevelopment potential of properties; and
–
demonstrate an understanding of the need to confirm that
condition and redevelopment potential reports are
accurate and legal.
Classification
Real Estate > Real Estate Practice and Law
Available grade
Achieved
Explanatory notes
1
Legislation
Building Act 2004 ss2, 15-19, 40-52, 91-95, 100-111, 363, 364;
Consumer Guarantees Act 1993 ss2, 28, 29, 32, 33, 35, 36, 41, 43, 45;
Fair Trading Act 1986 ss2, 9-11, 13, 14;
Fencing of Swimming Pools Act 1987 ss2, 8, 9;
Human Rights Act 1993 ss2, 21, 44, 53, 54;
Overseas Investment Act 2005 ss10-12, 23;
Overseas Investment Regulations 2005 regs 5, 12, 37;
Privacy Act 1993 ss2, 6;
Real Estate Agents Act 2008;
Residential Tenancies Act 1986 ss2, 23-32;
Resource Management Act 1991 ss2, 9-11, 66-76, 87, 88, 106, 108, 109, 123-127,
134, 139, 139A, 221-225;
Unit Titles Act 2010;
and all subsequent amendments and replacements.
2
Definitions
Common Law is also known as case law – judgements made by courts, rather than
laws written by parliament.
Industry requirements mean all actions must comply with relevant professional body
standards, legislation, codes of professional conduct and client care, and approved
guides. Legislation is available from http://www.legislation.govt.nz and codes of
professional conduct and client care, and approved guides are available from
http://www.reaa.govt.nz.
ElectroTechnology industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4708 version 6
Page 2 of 4
REINZ Codes of Practice including – Property Managers Code of Practice, Tender
Code of Practice and Auction Code of Practice, are available at
http://www.reinz.org.nz.
3
Common Law judgements relating to duties of an 'agent' may be applicable to this
unit standard.
4
Assessment
a
This unit standard will be assessed on the basis of evidence of demonstrated
performance in the workplace or in simulated work situations designed to draw
upon similar performance to that required in the workplace.
b
Evidence must be presented of preparing condition and redevelopment reports
for two different types of properties.
Outcomes and evidence requirements
Outcome 1
Prepare general condition reports of properties for vendors.
Evidence requirements
1.1
General condition reports are prepared and are clear and contain no
misrepresentations or ambiguous statements.
1.2
Quantity and quality of information presented is relevant to the real estate
context.
Range
1.3
conciseness, extent of detail, collection of evidence.
Conclusions are drawn which are consistent with the evidence presented.
Outcome 2
Report on the redevelopment potential of properties.
Evidence requirements
2.1
Reports on redevelopment potential are consistent with industry practice.
Range
including but not limited to – existing buildings, site less existing
buildings.
2.2
Report on redevelopment potential outlines possible consents required from
authorities for redevelopment work.
2.3
Quantity and quality of information presented is relevant to the real estate
context.
Range
conciseness, extent of detail, collection of evidence.
ElectroTechnology industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4708 version 6
Page 3 of 4
Outcome 3
Demonstrate an understanding of the need to confirm that condition and redevelopment
potential reports are accurate and legal.
Evidence requirements
3.1
Need for confirmation of accuracy of reports by the salesperson is explained in
terms of implications for salesperson and licensee.
3.2
Explanation includes the need to record the confirmation in terms of industry
requirements.
Planned review date
31 December 2015
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
27 July 1995
31 December 2013
Review
2
26 March 1996
31 December 2013
Revision
3
13 November 1997
31 December 2013
Review
4
19 January 1999
31 December 2013
Review
5
18 December 2006
31 December 2013
Rollover and
Revision
6
16 August 2012
N/A
Consent and Moderation Requirements (CMR) reference
0003
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR 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.
ElectroTechnology industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4708 version 6
Page 4 of 4
Comments on this unit standard
Please contact the ElectroTechnology Industry Training Organisation at
reviewcomments@etito.co.nz if you wish to suggest changes to the content of this unit
standard.
ElectroTechnology industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016