This is the leading Level 3
qualification for chattels auctioneers in the property industry and
is taken by numerous agents every year. Learners who register with
Propertymark Qualifications will be guided through future
requirements as Regulation progresses
through legislation.
This is an introductory
qualification ideal for candidates wanting to gain or improve
existing knowledge in the key areas related to Chattels
Auctioneering.
What will be
covered?
Examination questions are based on the
Qualification Specification so please refer to this document when
studying:
Download Qualification
Specification
Unit 1: Health and Safety, Security and General Law
(COM1)
Understand the general concepts of law relevant to a property
professional. It deals with the historical development of the law
as well as current concepts, relevant statute and common law.
Unit 2: Law Relating to Chattels Auctions
(CHAT2)
The laws auctioneers need to know specifically for chattels
auction sales. It stresses the importance of the auctioneer
understanding and complying with statutory requirements for
chattels sales and understanding the auction specific requirements
in terms of general goods and those within specific categories.
Unit 3: Practice and Procedures relating to Chattels
Auctioneering (CHAT3)
This unit deals with the agent's actions within & outside the
office and at auction venues when dealing with colleagues and
customers. It covers the rights that auctioneers have against the
seller, the buyer and third parties.
Unit 4: Appraisal and the Auctioneers Duties and
Liabilities in Relation to Chattels (CHAT4)
Issues concerning the valuation & marketing of
chattels and duties of the auctioneer when buying their principal's
chattel are covered, along with handling remote bidding and
covering post-sale procedures. The auctioneer's duties to the
seller, buyer and third parties when the auction is concluded are
also covered.
Click here to view common
units between qualifications.
How long will it take?
Up to 12-18 months to complete, requiring approximately 120
hours of qualification study time in total.
You have 3 years from your date of
registration to achieve all of the required units to
complete the qualification.
How will I be assessed?
Each of the 4 units are assessed by
a multiple-choice examination which is
taken on a computer at a UK Pearson Vue test centre.
Each examination consists of 20 multiple-choice questions which
must be answered within 30 minutes and a pass mark of 70% must be
achieved (this equates to 14 out of 20 questions answered
correctly).
What will I get?
You will receive a nationally recognised qualification at a
level broadly equivalent to A-Level.
This qualification is also recognised by NAVA
Propertymark for their membership.
Methods of study
Our qualifications are distance learning so it is at your
discretion how you prepare for your examinations, using the
Qualification Specification.
Qualification Specification
This document outlines what you will be assessed on.
Ensure you cover all learning outcomes to fully prepare for
examinations.
Study materials
MOL provide study materials to support our qualifications. To
enquire about their packages, you can contact them on 0345
203 2103 or visit their website.
There are two prices for MOL's hardcopy study materials
which are in the region of:
Examinations
Examinations are held at UK Pearson Vue test centres and
there are roughly 140 test centres across the country.
How much do they cost?
- £50 - when booking
individually
- £80 - when booking two units
together that will be taken back to back on the same
day by one candidate. Use promotional
code TA_TWO_EXAMS16 when booking
online.
- £100 - when booking three
units together that will be taken back to back
on the same day by one candidate. Use promotional
code TA_THREE_EXAMS16 when booking
online.
Visit our examinations page to learn more
about our examinations as well as viewing a helpful guide that will
give you tips on what you should do before your exam and what you
can expect to happen during and after your exam.
Results &
certification
You will be issued with a results slip from Pearson Vue
immediately after your examination. For failed examinations, the
bottom of the slip will include a scoresheet, highlighting areas in
which you have scored high/low in.
You will be issued with a passed letter once you have achieved
all necessary units of the qualification. This letter will be
posted to your registered postal address, typically the Monday
after you have passed your final examination.
A qualification certificate will be posted to your registered
postal address within three weeks of completing your final
examination. You do not need to apply for the certificate or pay a
further cost as the fee is included within the examination
fees.
Enrol for this Qualification