This unit specifies the skills and knowledge required to undertake pre-auction processes. It includes preparing a strategy for auctions, including liaising with the vendor or sales agent, confirming the details of the contract and confirming the details of the property.

This unit applies to auctioneers or people seeking to work as auctioneers. State or territory licensing requirements may apply to this unit, which is an elective unit (Auctioneering) forming part of the qualification CPP41419 Certificate IV in Real Estate Practice.

At the end of this unit, you will be able to:

• Review contract details

• Identify and document property details

• Confirm vendor expectations

• Prepare auction day strategy