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"Competency" refers to the ability of a person to perform a task or job successfully and to the best of their ability. It means being knowledgeable, skilled, and qualified to do what is required.
For example, a real estate agent needs to have competency in their field to help their clients buy or sell a property successfully. This means knowing about the current market trends, laws and regulations, negotiation skills, and more.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Competency means you know what to do,
To get the job done and see it through.
It's using your skills and knowledge too,
To help clients buy or sell homes anew.