QUALIFICATION DETAILS Qualification Title New Zealand Certificate in Residential Property Management (Level 3) Version 2 Qualification type Certificate Level 3 Credits 45 NZSCED 080503 Management and Commerce > Sales and Marketing > Real Estate Expiry Date This qualification will be discontinued on 31 December 2018 Strategic purpose statement The purpose of this qualification is to provide the residential property sector with individuals who will be able to operate as Letting Agents at an entry level, under the limited supervision of a property manager or business owner. The qualification aims to benefit the community by promoting consumer confidence in the sector and processes. The qualification provides a pathway for people wishing to enter the sector. It also recognises the achievement of relevant knowledge and skills of those who are already employed in the sector. Graduate profile Graduates of this qualification will be able to: - Work ethically and professionally in dealing with tenants and other relevant parties - Conduct letting agent duties professionally - Establish and maintain residential tenancies in accordance with New Zealand legislation for the residential property sector Outcome Statement - Communicate rights, responsibilities and obligations clearly to tenants and other relevant parties - Report on the status of residential properties - Manage maintenance of residential rental properties. Education pathway This qualification, as an entry level to the residential property management sector, may lead to: - New Zealand Certificate in Residential Property Management (Level 4). Employment pathway Graduates of this qualification will be able to work in the property industry as Letting Agents. They may move on to become Residential Property Managers. With additional training to meet regulatory requirements, other career opportunities within the real estate industry exist for the graduate depending on their personal career objectives. Examples are: - Licensed real estate salesperson, or - Licensed real estate branch manager, or - Licensed real estate agent. Qualification Developer The Skills Organisation Qualification Reference 1808 © New Zealand Qualifications Authority 2012 Page 1 of 4 Qualification Specification Qualification award This qualification will be awarded by ETITO as developer of the qualification. The formal document certifying the award of this qualification bears the ETITO and NZQF logos, the name and logo of the Tertiary Education Organisation offering the programme of training leading to award of the qualification, the full qualification title and NZQA reference number, and the date of award of the qualification. Arrangements for managing consistency All Tertiary Education Organisations (TEOs) offering this qualification (either arranging training or delivering programmes) must engage with all the arrangements for managing consistency as stated below. The process will be funded by TEOs offering programmes leading to the qualification, to cover actual and reasonable evaluation related costs. Specific Arrangements - TEOs are required to meet with ETITO on an annual basis to confirm the consistency of the qualification outcome achievement by the TEO’s candidates. This will involve: – review of evidence associated with achievement of qualification outcomes – identifying issues or opportunities associated with outcome achievement. – Following the meeting ETITO is to provide a report to TEOs on their programme consistency with qualification outcomes and any recommendations for maintaining currency of industry context. – ETITO is to undertake a regular cycle of surveys that will include industry feedback on skills needs and the monitoring of graduate outcomes against the qualification purpose. The feedback will be used to inform TEO programme development and future qualification reviews. For full details of ETITO arrangements for managing consistency, contact ETITO consistency@etito.co.nz. Credit transfer and recognition of prior learning arrangements TEOs delivering programmes that lead to award of this qualification may transfer credit and recognise prior learning in accordance with their own credit recognition policies and procedures. Minimum standard of achievement and standards for grade endorsements (where applicable) Achieved Prerequisites to meet regulatory body or legislative requirements (where applicable) N/A Other conditions for qualification Tertiary Education Organisations (TEOs) offering programmes leading to this qualification must maintain currency with amendments to, and replacements of, relevant legislation, regulations, government departments, and Australia/New Zealand Standards. Programmes must reflect industry best practice and currency. Programmes will include: Credit transfer will be automatic where assessment standards are used for assessment within programmes of study or training leading to this qualification. - roles of residential property managers and letting agents in relation to tenants, landlords and company Qualification Reference 1808 © New Zealand Qualifications Authority 2015 Page 2 of 4 - establishing and varying tenancy agreements - requirements of Residential Tenancy legislation and agreements - responsibilities and processes of the Tenancy Tribunal and mediation services - types of properties for rental and contractual relationships - requirements of Unit Titles legislation in relation to bodies corporate For information on these visit http://www.etito.co.nz/resources-for-trainingproviders/ Conditions relating to specific outcomes Qualification Outcomes (including indicative credit values for each outcome) Conditions Mandatory or Optional Work ethically and professionally in dealing with tenants and other relevant parties This outcome may be demonstrated through assessment against this unit standard: Optional 27488 Credit value: 3 Conduct letting agent duties professionally This outcome may be demonstrated through assessment against these unit standards: Credit value: 5 12349 Optional 27495 Establish and maintain residential tenancies in accordance with New Zealand legislation for the residential property sector Credit value: 14 Communicate rights, responsibilities and obligations clearly to tenants and other relevant parties Credit value: 8 These outcomes may be demonstrated through assessment against these unit standards: Optional 27496 27497 27494 27492 27489 27493 27490 Report on the status of residential properties Credit value: 5 Manage maintenance of residential rental properties This outcome may be demonstrated through assessment against this unit standard: Optional 27491 Credit value: 10 Qualification Reference 1808 © New Zealand Qualifications Authority 2015 Page 3 of 4 Transition information Version 2 of this qualification was published in July 2015 due to the recommendation for it to be discontinued in the mandatory review of Real Estate qualifications. The last date for entry into programmes leading to this qualification is 31/12/2016. People currently working towards this qualification must complete the requirements by 31/12/2018. The last date for assessment against this qualification is 31/12/2018 after which it will be discontinued. Qualification Reference 1808 © New Zealand Qualifications Authority 2015 Page 4 of 4