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Property Agency

Our courses are designed to give real world knowledge and offer a nationally recognised qualification.

Level 3 Award in Residential Inventory Management & Practice 

Gain your qualification in residential inventory management and kickstart your career as an inventory clerk with Propertymark’s preferred workbook supplier, MOL Learn.

What is residential inventory management? 

Letting a residential property isn’t just about finding a tenant. Property agents in inventory management protect both the landlord and tenant by detailing the condition and contents of the property at the start of the tenancy which can be used as a comparison when the tenancy comes to an end. 

Inventory training for residential property

Training in inventory management can help you develop the key skills needed to create comprehensive, accurate and detailed inventory documents for residential properties that can play a crucial part in tenancy agreements and disputes.

What will the Level 3 Award in Residential Inventory Management & Practice cover? 

  • Unit 1: Health and Safety, Security and General Law (COM1) 

You’ll develop an understanding of the general concepts of law relevant to a property professional. It deals with the historical development of the law as well as current concepts, relevant statute and common law. 

  • Unit 2: Legal Aspects of Letting and Management (RLPM2) 

This unit covers the law specific to the letting and management of residential property, including law and legislation regarding granting, administration, financial management and termination of the various types of residential tenancies. 

  • Unit 3: Residential Letting and Property Management (RIMP3) 

Looks at the practical aspects of residential lettings and property management and the role the agent has with the tenant and landlord. Terms of business will be examined in regards to letting residential property, from tenant's application to rent a property, carrying out referencing, drawing up tenancy agreements, periodic visits, handover procedures and preparing appropriate documents. 

  • Unit 4: Residential Inventory Management and Practice (RIMP4)  

This unit covers the processes undertaken by an inventory provider from agreeing to terms of business and cost to undertaking required services on behalf of a client. The scope and purpose of the inventory provider's service is discussed, from the inventory, to check in, periodic visits and check out.  

Who should complete an inventory management course?

The Level 3 Award in Residential Inventory Management & Practice is ideal if you: 

  • are a property agent seeking a recognised qualification in inventory management to improve your credibility and authority in the industry 
  • would like to start a career in residential property or as an inventory clerk 
  • would like to return to the property industry after a career break 
  • work in another sector of the industry, and would like to move into this property sector 
  • are looking to gain specialised skills to support your existing property role and future career progression 
  • Would like to start your own inventory management and clerking business  

Study residential inventory management with MOL Learn

MOL’s workbook for Residential Inventory Management and Practice is provided by our expert writers on behalf of Propertymark Qualifications and is designed for the English and Welsh markets. 
Studying with MOL will give you an introduction to residential inventory management and practice. Our workbook covers; general law, residential letting, property management, and residential inventory management and practice. 

For overview updates to the workbooks please see our addendums page. 

Workbook £340 (Member rate £240) includes VAT 

We understand that a career in property is a busy one which is why we have designed our Residential Inventory Management and Practice workbook in conjunction with your busy work and life. 
MOL is preferred workbook supplier to Propertymark. Our workbooks are based on Propertymark Qualifications’ learning outcomes and assessment criteria and is the only workbook accredited by the awarding body. 

While there are other books covering award topics, our workbooks bring everything together in one place. They’re more than just a programme workbook – they’re an essential guide for the property professional. After the programme, they’re yours for life, and they are the only award workbooks recognised by Propertymark. 

We write the workbooks in a way that makes it easy for you to learn on the go. We break the information down into logical chunks and set out the learning objectives at the start of each unit, highlight key points and provide a final summary. 

Each workbook unit relates to one of the final exams. We’ve included self-check questions so you can check your understanding of the material. 

For more information on our Inventory Management courses please complete our enquiry form or call one of our Qualification Advisors on 0333 355 8822.

 

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Downloads

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Course Details

These programmes are open to all. You don’t need any previous qualifications and you don’t need to work in the property industry to enrol.

The qualification may be ideal for you if you:

  • are a commercial property agent seeking a recognised qualification
  • would like to start a career as a commercial property agent
  • would like to return to the property industry after a career break
  • work in another sector of the industry, and would like to move into this property sector
  • are the owner of an agency and would like to increase your knowledge

When you’ve passed the four exams, you’ll gain a technical award qualification with the benefit of:

  • the qualification being a route to membership of a Propertymark professional body
  • extra confidence in your job role
  • enhanced career opportunities
  • more confidence in your role
  • a way to stand out among your peers
  • legitimacy in your customers’ eyes
  • satisfaction in having developed yourself professionally

Call our Programme Advisors on 0330 057 1651 to request our simple application form.

You’ll study four units:

  • Unit 1 – health and safety, security, general law relating to residential property agency
  • Unit 2 – practice and law relating to residential property agency
  • Unit 3 – law relating to residential property
  • Unit 4 – residential property and business appraisal and basic building construction

This can either be undertaken using MOL’s online Workbook+ programme or the workbook only option. All details are provided above.

For additional information about Propertymark Qualifications and examinations please refer to their website at https://www.propertymarkqualifications.co.uk

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