CPP51122 Diploma of Property (Agency Management) core unit

This unit specifies the skills and knowledge required to establish and monitor management practices for property industry trust accounts. It includes accessing, reading and interpreting regulatory controls for trust accounts in a property agency practice and establishing, monitoring and reviewing the application of agency controls for opening, operating, monitoring and closing trust accounts, including delegation of authority, security and data management. The unit also includes the skills and knowledge to identify and control fraudulent practices that impact the trust account.

The unit applies to industry professionals in the property industry in control of an agency. State or territory licensing requirements may apply to this unit, which is a core topic forming part of the qualification CPP51122 Diploma of Property (Agency Management).

At the end of this unit, you will be able to:

• Interpret regulations for property agency trust accounts

• Develop risk management plans

• Implement systems to control property agency trust accounts

• Authorise and verify trust accounts