USB145 Property Transactions
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | USB145 |
|---|---|
| Antirequisite(s): | USB246 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,124 |
| Pre-2021 CSP student contribution | $1,663 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,204 |
| International unit fee | $4,512 |
Unit Outline: Semester 2 2025, Gardens Point, Internal
| Unit code: | USB145 |
|---|---|
| Credit points: | 12 |
| Anti-requisite: | USB246 |
| Coordinator: | Jian Liang | j30.liang@qut.edu.au |
Overview
Property Transactions provides the foundation knowledge to understand the fundamentals of property rights and the legal rights and responsibilities for a property professional participating in property transactions. You will develop an understanding of contracts associated with buying, selling and leasing property and how to maintain best practice to avoid exposure to legal liability. In addition you will be introduced to legal structures for the delivery of property development and investment projects.
Learning Outcomes
On successful completion of this unit you will be able to:
- Critically analyse the impacts of consumer protection law and other property-user based legislation on property transactions.
- Professionally communicate the complexity of the issues impacting the marketing and management of properties for sale and lease.
- Apply problem solving and innovation in each stage of the property transaction process in relation to commercial, industrial and retail properties, in a team environment.
- Recognise the legal issues related to entities capable of holding property interests or participating in the property industry.
- Apply community and professional responsibility, including the effect of sustainable development, business ethics, codes of practice, cultural and historical influences on property industry activities.
Content
Learning outcomes will be achieved through coverage of the following topics:
- The stages of the sale/acquisition process for residential, commercial and industrial property transactions and identification of the primary stakeholders at each stage of the transaction
- Property contracting options including standard sales and option contracts
- The due diligence process from the perspective of the various stakeholders
- The role of the real estate agent in property transactions (sales and leasing) including the influence of common law and statutes such as the Property Agents and Motor Dealers Act and the Australian Consumer law
- Property marketing theory and application
- Professional conduct and ethics
- Negotiation skills development
- Team behavior and managing group interactions
Learning Approaches
The units engages you through a theory to practice approach whereby legal concepts and theories and applied to practical property transaction related problems and experiences. This unit engages you in individual and peer activities and is delivered in a two hour lecture/one hour tutorial format.
Feedback on Learning and Assessment
Feedback in this unit is provided to you in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / tutorial sessions are available for group and individual feedback prior to the completion of assessments.
- Generic comments will be provided via QUT Canvas and in class.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Quiz/Test
An online test will examine your knowledge of the early weeks of unit content.
Assessment: Case Study
This assessment item will give you experience in undertaking a stage of the overall transaction process. This will give you experience in applying theoretical concepts to a simulated real world problem that relates to part of the curriculum and then presenting your key findings in a short report. This will give you experience in research and academic writing skills.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Simulated Negotiation
You will be given a simulated scenario that relates to a component of the curriculum. You will work in a team to will apply your understanding of transaction management principles to negotiate an outcome with another group.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Apply theoretical knowledge and technical skills, including fundamentals of building construction and knowledge of legal, social, cultural, and technological contexts, required to manage property assets and investment portfolios; analyse property markets, the drivers of property value and the feasibility of development; and identify future funding and transaction processes.
Relates to: ULO4, ULO5, Quiz/Test, Case Study, Simulated Negotiation - Think critically and innovatively to solve problems by applying methodologies and calculations to identify innovative solutions and sustainability strategies and evaluate the feasibility of property development and investment opportunities.
Relates to: ULO1, ULO3, Case Study, Simulated Negotiation - Communicate and collaborate strategically in professional contexts with diverse stakeholders
Relates to: ULO2, Case Study, Simulated Negotiation - Display professional, ethical judgment and initiative, adapt to social, economic, technological and environmental challenges, and lead and manage people with consideration for different cultural perspectives and priorities.
Relates to: ULO5, Quiz/Test, Case Study, Simulated Negotiation
Unit Outline: Semester 2 2025, Online
| Unit code: | USB145 |
|---|---|
| Credit points: | 12 |
| Anti-requisite: | USB246 |
Overview
Property Transactions provides the foundation knowledge to understand the fundamentals of property rights and the legal rights and responsibilities for a property professional participating in property transactions. You will develop an understanding of contracts associated with buying, selling and leasing property and how to maintain best practice to avoid exposure to legal liability. In addition you will be introduced to legal structures for the delivery of property development and investment projects.
Learning Outcomes
On successful completion of this unit you will be able to:
- Critically analyse the impacts of consumer protection law and other property-user based legislation on property transactions.
- Professionally communicate the complexity of the issues impacting the marketing and management of properties for sale and lease.
- Apply problem solving and innovation in each stage of the property transaction process in relation to commercial, industrial and retail properties, in a team environment.
- Recognise the legal issues related to entities capable of holding property interests or participating in the property industry.
- Apply community and professional responsibility, including the effect of sustainable development, business ethics, codes of practice, cultural and historical influences on property industry activities.
Content
Learning outcomes will be achieved through coverage of the following topics:
- The stages of the sale/acquisition process for residential, commercial and industrial property transactions and identification of the primary stakeholders at each stage of the transaction
- Property contracting options including standard sales and option contracts
- The due diligence process from the perspective of the various stakeholders
- The role of the real estate agent in property transactions (sales and leasing) including the influence of common law and statutes such as the Property Agents and Motor Dealers Act and the Australian Consumer law
- Property marketing theory and application
- Professional conduct and ethics
- Negotiation skills development
- Team behavior and managing group interactions
Learning Approaches
The units engages you through a theory to practice approach whereby legal concepts and theories and applied to practical property transaction related problems and experiences. This unit engages you in individual and peer activities and is delivered in a two hour lecture/one hour tutorial format.
Feedback on Learning and Assessment
Feedback in this unit is provided to you in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / tutorial sessions are available for group and individual feedback prior to the completion of assessments.
- Generic comments will be provided via QUT Canvas and in class.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Quiz/Test
An online test will examine your knowledge of the early weeks of unit content.
Assessment: Case Study
This assessment item will give you experience in undertaking a stage of the overall transaction process. This will give you experience in applying theoretical concepts to a simulated real world problem that relates to part of the curriculum and then presenting your key findings in a short report. This will give you experience in research and academic writing skills.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Simulated Negotiation
You will be given a simulated scenario that relates to a component of the curriculum. You will work in a team to will apply your understanding of transaction management principles to negotiate an outcome with another group.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Apply theoretical knowledge and technical skills, including fundamentals of building construction and knowledge of legal, social, cultural, and technological contexts, required to manage property assets and investment portfolios; analyse property markets, the drivers of property value and the feasibility of development; and identify future funding and transaction processes.
Relates to: ULO4, ULO5, Quiz/Test, Case Study, Simulated Negotiation - Think critically and innovatively to solve problems by applying methodologies and calculations to identify innovative solutions and sustainability strategies and evaluate the feasibility of property development and investment opportunities.
Relates to: ULO1, ULO3, Case Study, Simulated Negotiation - Communicate and collaborate strategically in professional contexts with diverse stakeholders
Relates to: ULO2, Case Study, Simulated Negotiation - Display professional, ethical judgment and initiative, adapt to social, economic, technological and environmental challenges, and lead and manage people with consideration for different cultural perspectives and priorities.
Relates to: ULO5, Quiz/Test, Case Study, Simulated Negotiation