NZQA registered unit standard
4684 version 6
Page 1 of 4
Title
Prepare management plans for commercial and industrial properties
Level
5
Purpose
Credits
6
This unit standard is for property managers in the commercial
property management sector of the real estate industry.
People credited with this unit standard are able to:
–
identify commercial and industrial property market needs,
requirements, and opportunities;
–
identify the potential of properties to meet market needs,
requirements, and opportunities, and prepare
management plans; and
–
identify and describe financial and other performance
objectives for properties.
Classification
Real Estate > Residential and Commercial Property
Management
Available grade
Achieved
Explanatory notes
1
References
Building Act 2004;
Consumer Guarantees Act 1993;
Fair Trading Act 1986;
Fire Service Regulations 2003;
Financial Transactions Reporting Act 1996;
Goods and Services Tax Act 1985;
Human Rights Act 1993;
Overseas Investment Act 2005;
Overseas Investment Regulations 2005;
Privacy Act 1993;
Real Estate Agents Act 2008;
Residential Tenancies Act 1986;
Resource Management Act 1991;
Unit Titles Act 2010;
and all subsequent amendments and replacements.
2
Definitions
Client means the person on whose behalf an agent carries out real estate agency
work and is commonly known in the industry as a vendor or seller.
Common Law is also known as case law – judgements made by courts, rather than
laws written by parliament. Judgements relating to the duties of an ‘agent’ may be
applicable to this unit standard.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4684 version 6
Page 2 of 4
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.
Approved guides mean the two approved guides developed by the Real Estate
Agents Authority covering an agency agreement and a sale and purchase
agreement. These are available from http://www.reaa.govt.nz.
Economic considerations mean market conditions and the economic or business
activities of a country and any international influences that may be applicable.
3
Common Law judgements relating to the duties of an ‘agent’, property managers, or
body corporate secretaries may be applicable to this unit standard.
4
Assessment
a
This unit standard must 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 one management plan for a commercial
property and one management plan for an industrial property.
Outcomes and evidence requirements
Outcome 1
Identify commercial and industrial property market needs, requirements, and opportunities.
Evidence requirements
1.1
Market needs, requirements, and opportunities are identified in order to
optimise the value of the property.
Outcome 2
Identify the potential of properties to meet market needs, requirements, and opportunities,
and prepare management plans.
Evidence requirements
2.1
The potential of properties to meet market needs is determined, consistent with
economic considerations.
2.2
Opportunities for developing the potential of the property are identified in
accordance with industry requirements.
2.3
Management plans recommending best utilisation of properties are prepared to
meet property owners’ requirements and to comply with legislation.
2.4
Management plans are discussed with and confirmed by property owners.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
Range
4684 version 6
Page 3 of 4
monitor rental payment, operating expenses, identify size of
property, identify car parking, identify hard space, formalise
inspection plan, maintain plan.
Outcome 3
Identify and describe financial and other performance objectives for properties.
Evidence requirements
3.1
Financial and other performance objectives are identified and described, in
terms of appropriate methods for analysing the property.
includes but is not limited to – discounted cash flow, future net
worth, return on investment.
Range
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
18 November 1997
31 December 2013
Review
3
19 January 1999
31 December 2013
Review
4
18 December 2006
31 December 2013
Review
5
12 February 2010
31 December 2013
Rollover and
Revision
6
16 August 2012
NA
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
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4684 version 6
Page 4 of 4
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 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