SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Compile an auctioneering sales contract 
SAQA US ID UNIT STANDARD TITLE
377341  Compile an auctioneering sales contract 
ORIGINATOR
Task Team - Auctioneering 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Marketing 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  NQF Level 05 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is for people who are responsible for working with contracts to do with an auction.

The qualifying learner is capable of:
  • Describing elements of a contract.
  • Demonstrating and applying an understanding of fundamental sales law that apply to an auction.
  • Describing the judicial interpretation of the auction contract.
  • Explaining and drawing up contracts between seller, purchaser and auctioneer. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that a learner will be competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe elements of the contract. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The various elements making up a contract are explained in terms of the purpose of each element. 

    ASSESSMENT CRITERION 2 
    The concept of an offer is explained with examples. 

    ASSESSMENT CRITERION 3 
    The effects of the offer on the various parties in a contract are explained with examples. 

    ASSESSMENT CRITERION 4 
    A contract between auctioneer and seller is drawn up based on the acceptance of the offer according to organisational policy and procedures. 

    SPECIFIC OUTCOME 2 
    Demonstrate and apply an understanding of fundamental sales law to an auction. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The main elements of sales law is explained in terms of their impact on an auction and the operations of an auctioneering organisation. 

    ASSESSMENT CRITERION 2 
    The bearing of the risk of loss or destruction is explained in accordance with statutory requirements. 

    ASSESSMENT CRITERION 3 
    The application of the law of warranties is described with examples. 

    ASSESSMENT CRITERION 4 
    The roles and rights of the bidder are explained with examples relating to the making of a bid. 

    ASSESSMENT CRITERION 5 
    Reasons why items for sale may be withdrawn by the seller are explained in terms of the reserve process. 

    ASSESSMENT CRITERION 6 
    Instances for the withdrawal of the asset by the auctioneer is described in terms of the justification of the withdrawal principle. 

    ASSESSMENT CRITERION 7 
    The vendor bid is defined with examples according to national definitions. 

    SPECIFIC OUTCOME 3 
    Describe the judicial interpretation of an auction contract. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sales with reserve are explained with examples. 

    ASSESSMENT CRITERION 2 
    Sales without reserve are explained with examples. 

    ASSESSMENT CRITERION 3 
    A hybrid auction is defined with examples. 

    ASSESSMENT CRITERION 4 
    The acceptance of an offer is explained in terms of the conditions of sale. 

    ASSESSMENT CRITERION 5 
    The withdrawal of an accepted offer is explained in terms of the conditions of the sale. 

    SPECIFIC OUTCOME 4 
    Explain and draw up contracts between seller, purchaser and auctioneer. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The contract between the seller, the auctioneer and the purchaser is explained in accordance with legal requirements. 

    ASSESSMENT CRITERION 2 
    A contract between the seller, the auctioneer and the purchaser is compiled that addresses the needs of all three parties. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against the unit standard (including through Recognition of Prior Learning) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate memorandum of understanding (MOU) with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard, or assessing this unit standard, must be accredited as a provider with the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Moderation should include both internal and external moderation where applicable. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Legislative requirements of a contract which can be entered into at an auction.
  • The conditions of sale at an auction.
  • Types of contract used at auctions. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to the interpretation and application of the legal aspects of an auction. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in the application of the legal aspects of an auction. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, evaluate, organise and critically evaluate information which will have an impact on the auction contract and the condition of sale. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with all stakeholders of a contract so that no misunderstanding occur before, during or after an auction. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to create and store auction contract. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.