This unit specifies the skills and knowledge required to complete post-auction process and contract execution. It includes identifying successful bidder and confirming their legal entity, completing contract details, ensuring that all required signatures are obtained and completing and maintaining records of the auction.

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:

• Identify successful bidder

• Execute contract

• Maintain records of auction