This unit specifies the skills and knowledge required to conduct an auction of property. It includes accessing, interpreting and applying written instructions for the auction, calling an auction and completing the auction process, including when a property is sold and when a property is passed in.

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:

• Confirm pre-auction terms, conditions and presentation

• Open auction

• Manage auction to maintain flow

• Complete auction