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: 

Identify, categorise and lot auction stock 
SAQA US ID UNIT STANDARD TITLE
115479  Identify, categorise and lot auction stock 
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 4  NQF Level 04 
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 all people working in the Auctioneering industry and is aimed at developing their knowledge and skill in being able to identify, classify and lot sale items so as to expedite an auction.

The successful learner will be capable of
  • Explaining the different types of products offered by auction
  • Listing the types of stock to be auctioned
  • Assessing product characteristics
  • Classifying items/products for sale 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners accessing this Unit Standard are competent in Mathematical Literacy and Communication at NQF Level 3 or equivalent 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the different types of products offered by auction. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The various types of products which can be sold by auction are identified and an explanation given of which are best suited to an auction and which to a private sale 

    ASSESSMENT CRITERION 2 
    The characteristics of each type is explained in accordance with auctioning categories 

    SPECIFIC OUTCOME 2 
    List the different types of products. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The various categories into which stock for auction can be grouped are identified and explained with examples according to organizational and legal requirements 

    ASSESSMENT CRITERION 2 
    Stock items are identified, categorized, listed and recorded for later use according to organisational requirements 

    SPECIFIC OUTCOME 3 
    Assess product characteristics. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Stock items are identified according to manufactured descriptions 

    ASSESSMENT CRITERION 2 
    An appraisal of the condition of products is made to ensure that it is within the acceptance range 

    ASSESSMENT CRITERION 3 
    Auction products are evaluated according to type and condition 

    SPECIFIC OUTCOME 4 
    Classify products for sale. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Stock items are classified for sale in accordance with current market demand 

    ASSESSMENT CRITERION 2 
    Acceptance of classification is obtained from the seller 

    ASSESSMENT CRITERION 3 
    Stock items are stored correctly according to legal and/or organizational requirements to ensure their safe keeping during the classification and selling process 


    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 by 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
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The types of auction that the organisation undertakes
  • Auction organisation, procedures and processes
  • Organisational policies, procedures and requirements at an auction 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems as they arise to enhance client satisfaction 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when receiving and classifying stock and when putting it into lots 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities so that the details of the items on auction are available at all times 

    UNIT STANDARD CCFO COLLECTING 
    Collect, evaluate, organise and critically evaluate information pertaining to stock so as correctly classify and lot all items for sale. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with colleagues and clients so that the auction business is enhanced and to demonstrate professional attitude and clients know the worth of the items they offer for sale 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to capture and store client and auction information 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems where accurate information regarding auctions leads to a positive image for the organisation 

    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  48882   Further Education and Training Certificate: Auctioneering Practices  Level 4  NQF Level 04  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 
    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.