To demonstrate competency in this unit, you will need to do $(3)$ three things:$1.$ Research and develop one prospecting strategy for a geographical area, including:$$ property demand in the area socio$-$economic climate for the area growth expectations for the area prospecting strategies$2.$ Develop a report on the optimum capacity of an agency, including:$$ current agency profile and forward projections for agency maximum$/$minimum property management scope and scale resources required to manage properties$3.$ Develop a report with recommendations to adjust property management portfolio mix.$$Templates have been provided to assist you in the completion of these tasks and should be returned to your assessor once completed.$$Part $1$Research and develop one prospecting strategy for a geographical area: Gold Coast Queensland Agency name: Entry realty $$Start date$$Completion date$$Research and develop one prospecting strategy for a geographical areaWhat Property Management functions$/$services does your estate agency provide?$$What research did you undertake and by what means?$$What is the geographical area the research relates to$?$What is the socio$-$economic climate for that area?$$What growth conditions for expectations for the area were identified in your research?$$What prospecting strategies did you research?$$Was there any other relevant information which resulted from your research?$$Undertake research to develop one prospecting strategy in your areaProvide details of the prospecting strategy?$$What resources will be required to undertake this strategy?$$What sort of cost would be involved with this strategy?$$Are there any legal or ethical restrictions relating to this strategy?$$What personnel will undertake strategy?$$Provide your recommendations for the implementation of this strategyRecommendations:$$Part $2$Report on optimum capacity of the agencyProvide the following:Details of the agencys current property management profile$$Details of minimum and maximum forward projections for the agencys Property Management profile for the next $12$ months$$Provide details of the agencys capacity and resources for property management in relation to the current property management profile$$What conclusions do you draw in relation to the agencys capacity to improve and grow its portfolio based on current information?$$What conclusions do you draw in relation to the agencys capacity to improve and grow its portfolio based on current information?$$Part$3$Report on recommendations to adjust property management portfolio mixResearch and develop one prospecting strategy for a geographical areaProvide details of the current property management portfolio mix?$$What conclusions have you developed in relation to your research and analysis of the agencys property management portfolio mix?$$Conclusions:$$Based on your conclusions, what recommendations would you make for improvement for the agencys property portfolio management mix?$$Recommendations:$$Your name$$Date$$Signature$$