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 THAT HAS PASSED THE END DATE: 

Valuate movable assets 
SAQA US ID UNIT STANDARD TITLE
377321  Valuate movable assets 
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  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 have the responsibility of allocating values to movable assets and preparing and presenting valuation reports. This includes taking into account the cost of moving assets to affect the sale of the item.

The qualifying learner is capable of:
  • Identifying and collecting information pertaining to movable assets.
  • Analysing the market for movable assets.
  • Determining the value of movable assets.
  • Preparing and presenting a valuation report.
  • Establishing criteria for upliftment and collection of items prior to auction. 
    		•

    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 
    Identify and collect information pertaining to movable assets. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The location of the movable assets is established in line with relevant legislation and organisational procedures. 

    ASSESSMENT CRITERION 2 
    The types of movable asset are identified and recorded in accordance with organisational format requirements. 

    ASSESSMENT CRITERION 3 
    Obligations and principle needs are explained from given instructions. 

    ASSESSMENT CRITERION 4 
    Physical inspection checklists are compiled that are suited to the type of asset to be valued. 

    ASSESSMENT CRITERION 5 
    Value forming attributes are identified and reported in line with company standards. 

    SPECIFIC OUTCOME 2 
    Analyse the market for movable assets. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The macro environment is analysed and interpreted in relation to the value of and the need for the movable assets. 

    ASSESSMENT CRITERION 2 
    The micro economic climate is analysed and interpreted in relation to the value of and the need for the movable assets. 

    ASSESSMENT CRITERION 3 
    Comparable market transactions are identified, investigated and analysed to ascertain the market relatedness of the assets. 

    ASSESSMENT CRITERION 4 
    Comparable items are physically inspected and compared with items to be sold so as to aid with determining market value. 

    ASSESSMENT CRITERION 5 
    Best use and potential for alternative use of the movable assets are determined and findings recorded in required format. 

    SPECIFIC OUTCOME 3 
    Determine the value of the movable assets. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Valuation methods are described and an indication given of which assets are best suited to each method. 

    ASSESSMENT CRITERION 2 
    A particular valuation method is chosen for the items and the reasons for choosing it are explained in terms of company policy and procedures and operating standards. 

    ASSESSMENT CRITERION 3 
    The basis of the valuation is determined in line with standard industry procedures. 

    ASSESSMENT CRITERION 4 
    The value of the movable asset is determined and recorded in the required format. 

    SPECIFIC OUTCOME 4 
    Prepare and present a valuation report. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The valuation report is prepared and presented in the required format with relevant supporting evidence. 

    ASSESSMENT CRITERION 2 
    Conclusions reached are motivated in accordance with organisational requirements. 

    ASSESSMENT CRITERION 3 
    A valuation certificate is completed in the required format. 

    SPECIFIC OUTCOME 5 
    Establish criteria for upliftment and collection of items prior to auction. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Authorisation for upliftment and collection is obtained from relevant personnel in accordance with organisational requirements. 

    ASSESSMENT CRITERION 2 
    Quotes for upliftment and collection are sourced and filed for comparison in accordance with organisational requirements. 

    ASSESSMENT CRITERION 3 
    Quotes are forwarded to relevant personnel for decision within agreed format and timeframes. 

    ASSESSMENT CRITERION 4 
    Instruction for upliftment and collection from relevant personnel is obtained in accordance with organisational requirements. 


    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 
  • Valuation procedures and techniques.
  • Knowledge of antiques, second hand and used motor vehicles, furniture, works of art and other goods.
  • The legal aspects of auctioning.
  • The transport and storage requirements of goods put up to be auctioned. 
    		•

    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 occur in order to give client satisfaction. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others with regard to the welcoming of clients to an auction and the auction requirements. 

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

    UNIT STANDARD CCFO COLLECTING 
    Collect, evaluate, organise and critically evaluate information pertaining to client information and auctions in order to provide effective data to clients. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively so that the auction business is enhanced to demonstrate a professional attitude. 

    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 CCFO CONTRIBUTING 
    In order to contribute to the full personal development of each learner and the social and economic development of society at large, it must be the intention underlying any programme of learning to make an individual aware of the importance of: being culturally and aesthetically sensitive across a range of social contexts when conversing with clients. 

    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
    Elective  80546   Further Education and Training Certificate: Auctioneering Support Services  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  SERVICES 
    Elective  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  Passed the End Date -
    Status was "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.