Course Title: Obtain and analyse all information for the transaction
Part B: Course Detail
Teaching Period: Term2 2008
Course Code: LAW5142C
Course Title: Obtain and analyse all information for the transaction
School: 650T TAFE Business
Campus: City Campus
Program: C5180 - Diploma of Financial Services (Conveyancing)
Course Contact : Joanne Mackay
Course Contact Phone: +61 3 9925-5540
Course Contact Email:joanne.mackay@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 60
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
This unit describes the function associated with gathering, analysing and evaluating all relevant data for the transaction following confirmation of initial instructions from the client.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSCONV601A Obtain and analyse all information for the transaction |
Element: |
Deal with third parties and other professionals. |
Performance Criteria: |
complete relevant assessments |
Element: |
Evaluate issues arising with transaction. |
Performance Criteria: |
complete relevant assessments |
Element: |
Identify information needs. |
Performance Criteria: |
complete relevant assessments |
Element: |
Perform relevant document searches and investigations. |
Performance Criteria: |
complete relevant assessments |
Element: |
Present information relevant to the transaction to the clients. |
Performance Criteria: |
complete relevant assessments |
Learning Outcomes
On completion of this course students should be able:
- To demonstrate a complete appreciation of documents in use in the conveyancing transaction such as the contract note, contract of sale and vendor’s statement and the relevant legislation and cases that apply to their interpretation.
- In addition mastery of other related topics will be expected including the real estate industry, consumer legislation, requisitions and searches.
Details of Learning Activities
Students are expected to attend class and engage in weekly learning activities in relation to each topic. Preparation and review time should be allocated outside class so that there is successful completion of all assessments.
There is a research assignment or auction report to present in the last few weeks of semester. Preparation for this task should begin from week 8 to allow ample time to attend auction or do research.
Teaching Schedule
Week Beginning Topic and Assessment
Week 1 – 7 Jul Introduction – REVISION – course outline and discussion
Week 2 – 14 Jul Commonly used forms of contracts of sale of land,
Week 3 – 21 Jul Cooling-off, Section 32 Statements (section 3 manual)
Week 4 – 28 Jul Contravention of Section 32 and consequences
Week 5 – 4 Aug Deposits, Finance Clauses.
Week 6 – 11 Aug Insurance issues 30% Case study test – LIV v Maric
Week 7 – 18 Aug Insurance, Real Estate Industry.
Week 8 – 25 Aug Real Estate Industry (attend auction/ start research in next 2 weeks)
Mid Semester Break (Student Vacation) – 1 to 5 Sept
Week 9 – 8 Sept Auction report research
Week 10 – 15 Sept Misdescription and requisitions (section 2 manual),
Week 11 – 22 Sept Statutory Certificates and adjustments.
Week 12 – 29 Sept Terms Contracts
Week 13 – 6 Oct Breach of contract
Week 14 – 13 Oct Domestic Building legislation, Illegal structures, Consumer legislation (section 5 manual)
Week 15 – 20 Oct Major test – Open Book – 40%
Week 16 – 27 Oct Auction/research Presentations-30% (all students to attend)
Week 17 – 3 Nov Auction/research Presentations-30% (all students to attend)
Week 18 – 10 Nov Review/ resits
Learning Resources
Prescribed Texts
The Conveyancing Process resource manual published by TAFE VC available at the bookshop |
References
Estate Agents Act 1995 |
Other Resources
CCH, Victorian Conveyancing Law Practice, available online in the RMIT library
Land Titles Office The Lodging Book
Wikrama Voumard - The Sale of Land 5th edition Law Book , soon to be online in the library.
Libbis, S and Murphy, S ConveyanceWorks, Law Crest
Overview of Assessment
Assessments may include: short in class exercises, class tests, question and answer activities, assignments and open book exams.
Students will be provided with formative feedback to establish their progress in the course and identify areas which need more work.
Assessment Tasks
CASE STUDY TEST WEEK 6 30%
MAJOR TEST WEEK 15 40%
AUCTION/RESEARCH REPORT WEEK 16, 17 30%
Assessment Matrix
To pass this course students must satisfactorily complete all assessment and have a total mark of not less than 50%.
Assessment will be graded according to the following mark table:
0-49 Fail
50-59 Pass
60-69 Credit
70-79 Distinction
80-100 High Distinction
Other Information
It is the student’s responsibility to note the policies relating to plagiarism, late/ missed assessments special consideration, and other relevant student information contained, on the Hub and in your diaries.
Course Overview: Access Course Overview