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: 

Demonstrate and apply an understanding of auction basics 
SAQA US ID UNIT STANDARD TITLE
115298  Demonstrate and apply an understanding of auction basics 
ORIGINATOR
SGB Marketing 
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 3  NQF Level 03 
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 forms part of the National Certificate in Auctioneering Support. The acquisition of competence against this Standard will add value to the learner and the auctioneering industry as a whole as it will also provide the basis for further development of the learner within the auctioneering industry

The qualifying learner is capable of
  • Describing and explaining different auction types
  • Describing and applying pre-auction requirements
  • Describing and completing auction documentation
  • Finalising auction administration and handling payments 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners accessing this Unit Standard are competent in Communication, and Mathematical Literacy at NQF level 2 or equivalent 

    UNIT STANDARD RANGE 
  • Auction documentation will include mandates, auction role, invoices, and delivery notes 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe and explain different auction types. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept and purpose of an auction are explained using examples to illustrate how an auction differs from other sales methods 

    ASSESSMENT CRITERION 2 
    Different auction types are identified and described in terms of the characteristics of each 

    ASSESSMENT CRITERION 3 
    Absentee bid procedures are explained in terms of how they are handled by the organisation 

    ASSESSMENT CRITERION 4 
    Phone bid procedures are explained in terms of how they are handled by the organization 

    ASSESSMENT CRITERION 5 
    Internet bid procedures are explained in terms of how they are handled by the organization 

    ASSESSMENT CRITERION 6 
    Proxy bid procedures are explained in terms of how they are handled by the organisation 

    SPECIFIC OUTCOME 2 
    Describe and apply pre-auction requirements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The equipment required for an auction is listed and described in terms of the use it is put to and made available at the auction 

    ASSESSMENT CRITERION 2 
    The personnel required at an auction are listed and a description given of their respective roles 

    ASSESSMENT CRITERION 3 
    The Dress code for auctioneers is explained and adhered to in line with company dress code policies 

    ASSESSMENT CRITERION 4 
    Deposit and payment requirements are explained according to organisational requirements 

    ASSESSMENT CRITERION 5 
    The required staff meeting before an auction is planned and attended according to agreed format and time frame 

    SPECIFIC OUTCOME 3 
    Describe and complete auction documentation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Mandates for auction are explained according to organisational requirements 

    ASSESSMENT CRITERION 2 
    Conditions of sale are explained according to organisational requirements 

    ASSESSMENT CRITERION 3 
    Documentation used in auctions is identified and described according to company specific requirements 

    ASSESSMENT CRITERION 4 
    Auction documentation is completed correctly when required 

    SPECIFIC OUTCOME 4 
    Finalise auction administration and handle payments. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    All administration tasks associated with the finalising of an auction are carried out according to organisational and legal requirements 

    ASSESSMENT CRITERION 2 
    Payments received at the auction are receipted and processed according to organizational and common accounting practice 

    ASSESSMENT CRITERION 3 
    Arrangements are made with clients for the full payment of goods bought at the auction according to organizational requirements 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding 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 with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Processes and procedures for conducting and running auctions
  • Organisations, policies, systems and procedures for conducting and running auctions
  • Types of documentation used in the auctioning processes 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems which have a direct bearing on the auctions process 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to auction types, pre-auction requirements and auction documentation 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively when explaining auction types, pre-auction requirements and auction documentation 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems where a full understanding of how auctions works results in more successful auctions 

    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  48864   National Certificate: Auctioneering Support  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered" 
    2011-02-16  Was SERVICES until Last Date for Achievement 
    Core  80546   Further Education and Training Certificate: Auctioneering Support Services  Level 4  NQF Level 04  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.