NZQA registered unit standard
4688 version 6
Page 1 of 4
Title
Report on the performance of commercial properties
Level
6
Purpose
Credits
5
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:
–
calculate investment performance and other performance
results; and
–
report financial and other performance results to clients.
Classification
Real Estate > Residential and Commercial Property
Management
Available grade
Achieved
Explanatory notes
1
References
Consumer Guarantees Act 1993;
Fair Trading Act 1986;
Financial Transactions Reporting Act 1996;
Goods and Services Tax Act 1985;
Human Rights Act 1993;
Overseas Investment Act 2005;
Overseas Investment Regulations 2005;
Real Estate Agents Act 2008;
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. Judgements relating to the duties of an ‘agent’ may be
applicable to this unit standard.
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.
Performance codes are available from commercial real estate companies and from
the Property Institute of New Zealand.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4688 version 6
Page 2 of 4
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.
Management contracts mean the specific management contracts drafted by a
property manager to manage a property on behalf of a landlord.
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
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.
5
Evidence must be presented of reporting on the performance of two different
commercial properties.
Outcomes and evidence requirements
Outcome 1
Calculate investment performance and other performance results.
Range
investment performance includes – cost of borrowing, fixed charges, non-fixed
charges such as insurance;
other performance results may include but are not limited to – operating
expenses, internal maintenance.
Evidence requirements
1.1
Revenues and expenses are analysed and net incomes for reporting periods
are calculated, in accordance with generally accepted accounting practices.
1.2
Net incomes in relation to investment are calculated, in accordance with
generally accepted accounting practices.
1.3
The performance criteria are determined in accordance with the company's
performance codes.
Range
1.4
includes but is not limited to – land value to improvements, net
income to debt servicing, occupancy rates, vacancy percentages,
initial yield, market yield, equity yield, leverage, return on
investment/capital employed, discounted cashflows.
Processes and procedures used are consistent with performance codes.
Outcome 2
Report financial and other performance results to clients.
Range
financial performance includes – cost of borrowing, fixed charges, non-fixed
charges such as insurance;
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
4688 version 6
Page 3 of 4
other performance results may include but are not limited to – operating
expenses, internal maintenance.
Evidence requirements
2.1
Reporting of financial and other results to clients, and planning for subsequent
periods, are completed in keeping with management contracts and performance
codes.
2.2
The report is structured in a logical and relevant order and the quantity and
quality of information presented is relevant to the commercial property
management context and client and 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
Revision
2
13 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
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
4688 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