CPPREP4203 Complete commercial property sale - Australia

Case Study

commercial property sale 3

You (the learner) to provide services for commercial property lease.

Mr Smith is a successful businessman running four laundry shops in different parts of the city. He wants to open a new shop in Springvale. You, as a real estate agent, have arranged a building that is ready for sale. You have been given a job to maintain communication with vendors and buyers to provide feedback on the sales process. Identify and resolve issues that may impact the sale. Facilitate preparation of required sales documentation. Administer and secure deposits according to legislative requirements. Consult legal advice relevant to the type of sale and complete pre-settlement processes. Monitor progress of contract and adherence to conditions of sale. Confirm settlement has concluded and complete post-settlement processes. Evaluate vendor and buyer satisfaction to establish future business opportunities. Update databases to inform future prospecting activities. Submit a video showing all above-mentioned tasks along with a report in the written form incorporating the details of the sales documents, deposits, feedbacks, pre-and post-settlement process.

Use this template to record details of the process.

Learner Name

Real Estate Agency name

Date

Name of the landlord

Name of the Client

Nature of real estate business

(for example Land settlement/ purchasing or selling land or property/ leasing land or property )

What other stakeholders will be involved

What legal/industry requirements are relevant to this real estate business

Were any of the following undertaken? (If so provide details)

What process did you use to monitor the progress of the contract and adherence to conditions of saleAny information regarding the settlement?What process did you use to take the clients feedback?Signing agency documentsCommunication with stakeholdersUsing networksRecord keeping of all the documentsConflict resolution

Provide details of the communication technique you used to make a deal with the buyer/vendor

Provide details of the post settlement process

What recommendations would you make to your organisation to ensure future compliance and ethical operation?

Recommendations: