This qualification is for Auctioneers
Furthermore, on completion of this qualification learners will gain the knowledge to enhance and develop their understanding of Real Auctioneering practice and procedures as well as the appraisal and auctioneering process.
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
Learn about the law auctioneers need to know that is specific to carrying out residential property sales including auction sales.
Unit code: RPA2
- Understand the legal framework as it applies to estate agency
- Understand the legislation and guidance as applied to auctioneering
- Understand the common law and legislative protection available for consumers
- Understand matters relating to development and ‘For Sale’ boards under the planning legislation
- Understand restrictions and regulations covering provision of financial advice
Dealing with how auctioneers should conduct themselves when carrying out residential sales and auctions in order to comply with all relevant statute, common law and principles of best practice.
Unit code: RPA3
- Understand the different types of agency
- Understand key agency terms
- Understand the different methods of sale for residential property
- Understand the requirements to provide associated documentation including a valid EPC
- Understand the requirements of different types of seller
- Understand the purpose and requirements of the Auction Guidance Note and the common auction conditions
- Understand the different types of auction and auction best practice
- Understand basic marketing techniques and the role of advertising, selling and IT in estate agency
Understand the legal and technical factors relating to an auctioneer preparing for and carrying out a property appraisal.
Unit code: RPA4
- Understand the factors affecting property value
- Understand the property appraisal process
- Understand staff responsibilities to sellers and buyers
- Understand how to deal with offers made on properties for sale
- Understand the role of others in the house buying/property auctioneering process
- Understand the extent of the auctioneer’s authority
- Understand the procedures to be adopted following the auction
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.