This qualification is for those working in (or training towards) auctioneering and valuations
Crucially, achieving this qualification will demonstrate an understanding of the difference between the actual, implied and apparent authority of the auctioneer and have an appropriate understanding of contract law along with knowledge of negligence and liability, as well as health and safety,
This qualification is available as a Level 3 in England and Wales.
Registration fee: £50 | Exam fees: £62.50 per exam
Cost: £300 (registration, four exams and certification)
For learning material pricing visit our learning resources page
What will be covered?
This qualification is made up of four units. For more information on each unit's learning outcomes open the panels below.
Understand the general concepts of law relevant to a property professional. It deals with the historical development of the law as well as current concepts, relevant statute and common law.
COM1 — Level 2/3 (England, Wales and Northern Ireland)
SCOM1 — Level 5/6 (Scotland)
- Understand health and safety at work legislation and its relevance in and out of the workplace
- Understand the issues around keeping safe when visiting property and maintaining a secure system when dealing with keys
- Understand the general legal concepts relating to the provision of property services
- Understand the common law duties of agents and agents’ authority
- Understand the basic elements of the law of contract
- Understand the basic elements of liability outside the law of contract
- Understand the basic concepts of land law
- Understand the basic concepts of discrimination
- Understand the requirements of the data protection legislation
- Understand the requirements of the legislation dealing with the handling of money
The laws auctioneers need to know specifically for chattels auction sales. It stresses the importance of the auctioneer understanding and complying with statutory requirements for chattels sales and understanding the auction-specific requirements in terms of general goods and those within specific categories.
Unit code: CHAT2
- Understand the authority of the auctioneer
- Understand legislation specific to auctioneering
- Understand consumer protection legislation applicable in the auctioning of chattels
- Understand legislation covering the conditions of sale and the contract made at the auction sale
This unit deals with the agent's actions within & outside the office and at auction venues when dealing with colleagues and customers. It covers the rights that auctioneers have against the seller, the buyer and third parties.
Unit code: CHAT3
- Understand the content and requirements of the Auction Guidance Note published by RICS
- Understand the standard terms in consignment agreements
- Understand the auctioneer’s rights against the seller of chattels at auction
- Understand the auctioneer’s rights against the buyer of chattels at auction
- Understand the auctioneer’s rights against third parties involved in chattels auctions
Issues concerning the valuation & marketing of chattels and duties of the auctioneer when buying their principal's chattel are covered, along with handling remote bidding and covering post-sale procedures. The auctioneer's duties to the seller, buyer and third parties when the auction is concluded are also covered.
Unit code: CHAT4
- Understand the factors affecting the value of chattels
- Understand staff responsibilities when purchasing chattels, dealing with remote bidding and post-sale procedures
- Understand the auctioneer’s duties to the seller
- Understand the auctioneer’s duties to the buyer
- Understand the auctioneer’s duties to third parties
Our common units make it easier for you to achieve associated qualifications in the future by carrying over previously achieved unit results. Learn more...
How long will it take?
We estimate it takes up to 12-18 months, or approximately 120 hours of study, to complete . From your registration date you will have 3 years to complete your qualification. If you fail to pass in this timescale you'll need to re-register.
How will I be assessed?
Each unit is assessed by a 20 question multiple-choice examination which must be answered within 30 minutes and a pass mark of 70% must be achieved.
What will I get?
You will receive a nationally recognised qualification at a level broadly equivalent to an A-Level or Higher level qualification in Scotland.