Course Title: Take instructions in relation to a transaction
Part B: Course Detail
Teaching Period: Term1 2015
Course Code: BUSM7853C
Course Title: Take instructions in relation to a transaction
School: 650T Vocational Business Education
Campus: City Campus
Program: C5324 - Diploma of Conveyancing
Course Contact : Doug Gourlay
Course Contact Phone: +61 3 9925-5944
Course Contact Email:doug.gourlay@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Course Coordinator: Joanne Mackay
Phone: +61 3 9925-5540
Email: joanne.mackay@rmit.edu.au
Nominal Hours: 120
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 performance outcomes, skills and knowledge required to take instructions from a potential client to a real estate, business or personal conveyancing transaction in order to establish a valid relationship. It encompasses establishing the client’s needs, identifying if any conflicts of interest exist between conveyancer and client, identifying parties, properties and other interests, determining terms of engagement, determining contingency strategies and initiating the transaction.
This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSCNV501A Take instructions in relation to a transaction |
Element: |
1. Establish the client's needs |
Performance Criteria: |
1.1. Client needs and expectations are identified, clarified and assessed in accordance with the practice's policy and procedures |
Element: |
2. Identify any conflict of interest |
Performance Criteria: |
2.1. Existing or potential conflicts of interest associated with the transaction are identified and recorded |
Element: |
3. Identify parties, properties and other interests |
Performance Criteria: |
3.1. Parties, properties and interests relevant to the transaction are accurately identified and verified with the client |
Element: |
4. Determine terms of engagement |
Performance Criteria: |
4.1. Appropriate terms of engagement which comply with legislative, regulatory and practice requirements are determined and articulated to client clearly and promptly |
Element: |
5. Determine contingency strategies |
Performance Criteria: |
5.1. Contingencies relating to the transaction are assessed and advised to the client |
Element: |
6. Initiate the transaction |
Performance Criteria: |
6.1. A course of action is selected which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice |
Learning Outcomes
Details of Learning Activities
This course is co-delivered and co-assessed with JUST5201C Apply Legal Principles in Property Law Matters.
A range of learning experiences are planned for this course including class and online activities relevant to underpinning knowledge in applying legal principles in property law matters, and taking instructions in relation to a transaction.
Teaching Schedule
Prior to training commencement a program level induction session will be conducted that comprises the following:
• Program overview and requirements
• MyRMIT/Blackboard
• Overview of assessment requirements
• Pre-Training Review including:
o Recognition of Prior Learning and Credit Transfers
o Assessment of current skills and knowledge
• Competency/Grading Criteria
• Plagiarism
• Appeals
• Extensions
• Feedback
• Privacy
• Submission requirements
• Resubmission policy
• Where to get support
• Student responsibilities
The nominal hours associated with this course are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Week |
Date |
Topics |
Assessment Tasks |
1 | 10 Feb |
1. Introduction to the Course including: Orientation, LIBRARY demonstration. Property law Intro – examine practice documents |
|
2 | 17 Feb |
Interests in Land, |
|
3 | 24 Feb | Co-ownership | Task 1 will be made available on the learning hub |
4 | 3 March | Title systems and Torrens title | |
5 | 10 March | Torrens system: legislation & cases |
|
6 | 17 March | Adverse Possession | Task 2 will be made available on the learning hub |
7 | 24 March | Mortgages | Task 1 - Assignment - Reflection 1 - Adverse Possession - Due |
8 | 31 March | Mortgages | |
April 2- 8 | Mid Semester break (2-8 April) | ||
9 | 14 April | Leases and Tenancies | |
10 | 21 April | Leases and Tenancies | |
11 | 28 April | Easements and Covenants | |
12 | 5 May | Easements and Covenants | Task 2 - Assignment - Reflection 2 - Mortgages - Due |
13 | 12 May | Revision | |
14 | 19 May | Task 3 - In class - Supervised Assessment | Task 3 - In class - Supervised Assessment |
Learning Resources
Prescribed Texts
Davies Chris, Property Law Guidebook, 2010, Oxford University Press |
9780195565485 |
Libbis, Simon Conveyancing Victoria, The Ultimate Guide 2015, Hybrid Press. |
References
Other Resources
myRMIT
The course is supported by a comprehensive set of online resources available through the course tab on myRMIT.
myRMIT is your gateway to the myRMIT to your course site. This is where you will access lectures, readings and other Course resources.
• Announcements and information about the Course will be posted regularly on the myRMIT site, therefore it is important that you regularly check this site.
• The weekly lectures and tutorials are provided to support and accompany prescribed readings.
• The tutorials will provide opportunities to put into practise the areas explored in the lecture and provide guidance on the assessment tasks.
Building 80
Swanston Academic Building (SAB) has the concept of "Anywhere, anytime at RMIT student computing". All students are expected to bring their own mobile device/Laptop to be able to use the wireless environment. Read the complete description on "How to Connect" here: http://www.rmit.edu.au/its/wireless
It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.
Overview of Assessment
Assessment methods have been designed to measure achievement of the requirements in a flexible manner over a range of assessment tasks, for example:
• analysis of responses to case studies and scenarios
• reports
• observation of role plays
• verbal or written questioning on underpinning knowledge and skills which may include formal examinations
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.
Assessment Tasks
To be deemed competent in this course the following evidence is essential:
- access, interpret and analyse product and service information provided by industry sectors
- interpret and comply with relevant legislation, regulations and industry codes of practice and ethics applicable to the workplace
- recognise and implement sustainability principles and work practices
- analyse, evaluate and organise relevant information
- plan work and maintain a team environment taking into account any constraints and available resources
- identify and evaluate professional development opportunities.
Task 1 – Assignment Reflection 1 (Due Week 7)
For this assessment you will be required to create a memorandum reflecting on the topic of adverse possession based on the topics covered in weeks 1 - 3. In your reflection you will need to analyse the law(s) including relevant precedents to demonstrate your understanding of the topic. You will also need to present your view(s) as to whether the relevant law(s) should be reviewed and/or amended in the future. The memorandum should be concise and not exceed 750 words.
Task 2 – Assignment Reflection 2 (Due Week 12)
For this assessment you will be required to create a memorandum reflecting on the topic of mortgages and the power of sale of the mortgagee based on the topics covered in weeks 6 - 8. In your reflection you will need to analyse the law(s) including relevant precedents to demonstrate your understanding of the topic. You will also need to consider whether a mortgagee can justify selling at a price sufficient to cover the amount outstanding by the mortgagor under the mortgage . The memorandum should be concise and not exceed 750 words.
Task 3 - In Class Supervised Assessment (Due Date Week 14)
For this Assessment Task you are required to demonstrate your skills and knowledge by completing an open book one and half hour in class supervised assessment comprised of multiple choice, short answers, true/false and workplace scenario analytical case studies. This assessment covers all the topics from weeks 1 – 14. In this assessment you will be required to demonstrate the following learning outcomes:
a) Establish the client’s needs
b) Identify any conflict of interest
c) Identify parties, properties and other interests
d) Determine terms of engagement
e) Determine contingency strategies
f) Initiate the transaction
Feedback
Feedback will be provided throughout the semester. You are encouraged to ask and answer questions during class time and outside of class time so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.
Assessment Matrix
Course Overview: Access Course Overview