Cpd Requirements Nsw Real Estate

The certificate of registration of holders as an assistant real estate agent must complete at least 3 units per year of CPD from a valid Certificate IV qualification required for the issuance of a Class 2 agent licence in real estate (with or without restrictions). Individuals with more than one licence category (e.g., licensed for real estate, warehouses and stations) only need to take one series of CPD courses per year. Simply sign up for the package for the category in which you are most active. If you hold a Class 1 permit for shifts and real estate, you will be required to work mandatory CPD overtime. You must commit: Under the Real Estate and Stock Agents Act, 2002 (the Act), individual holders of a licence (Class 1 or 2 agents) or registration certificate (Assistant Agents) are subject to the condition that the holder must meet the professional development requirements (CPD). A list of approved suppliers is provided by NSW Fair Trading as part of DPC requirements, including guidelines and procedures for the recognition of suppliers for CPD purposes. Depending on when you receive your Assistant Agent Authorization or Class 1 or Class 2 Real Estate License, there are different timelines to meet your CPD requirements. CpD aims to ensure that licence and certificate holders continually update their competencies and are aware of their legal requirements and responsibilities. Details on how the DPC works are listed in the CPD requirements published on the NSW Fair Trading website. This mandatory CPD subject must be assessed by demonstrating knowledge of the legal and regulatory requirements that apply to the class and type of license of the individual participant. For example, an agent completes the mandatory CPD section on the supervisor`s duties. The theme applies to both categories of licences – strata and real estate.

The broker only needs to complete the topic once and counts for both license categories (one hour for real estate and one hour for shifts). Upon completion of the training and upon successful completion of all assessment tasks, you will receive a certificate of participation that meets NSW Fair Trading`s requirements for mandatory 3-hour CPD training for Class 1 and Class 2 licenses. CPD requirements for Class 1 and 2 agents include the completion of mandatory learning topics that can be provided by: For business skills topics, NSW Fair Trading has established general content areas that focus on best practices with a real estate agency. For ACOP online courses, each session lasts one hour, which means that you must complete three (3) sessions to meet your CPD requirements as a Class 1 officer. For face-to-face sessions and interactive webinars, sessions last 3 hours. 3 CPD points under previous agreements will be counted as equivalent to 1 hour of CPD (no points), and the transferred CPD will only count towards the elective learning requirements. According to NSW Fair Trading`s cpD guidelines, all licence and registration holders in NEW South Wales are required to complete the CPD each year as one of the requirements to exercise their right to practise. The CPD year begins each year on March 23 and ends on March 22 of the following year. CpD is no longer linked to your renewal date and MUST be completed during the CPD year.

NOTE: For Class 1 and 2 agents, if you have a real estate license and a condominium management license, you must complete the mandatory CPD in both license categories. Since two (2) of the topics in each of the mandatory sessions are identical, if you have both licenses, you will only have to complete an additional hour to cover the other topic. This additional one-hour topic for real estate or shift management is offered through the online student portal. Failure to comply with your CPD requirements may result in the suspension or revocation of your licence or certificate. If you hold a Class 1 license in condominium management or real estate, you must complete 9 hours of CPD per year. Of these, 3 hours are mandatory subjects, 3 hours of elective subjects and 3 hours of business skills subjects. You can choose which of the electives is most relevant to you. Yes, if you only hold a Stock & Station license, your CPD requirements are as follows: Assistant Real Estate Agents and Assistant Stock and Station Agents must complete at least three units each year of certificate IV in real estate practice CPP41419 NSW Fair Trading develops in conjunction with the PSEP a price sketch, the desired learning outcomes and assessment requirements for each mandatory subject.

For Class 1 and 2 agents, you must complete 3 hours of mandatory CPD per licence category you own (excluding real estate, warehouse and station licence holders). For example, if you hold a Class 1 or 2 permit in the real estate and shift categories, you must complete 3 hours of mandatory CPD for real estate and 3 hours of mandatory CPD for shifts. However, you only need to take a mandatory CPD lesson once, which counts towards your mandatory hours for both license categories. If you have a real estate license and a condominium management license, you must complete the mandatory CPD in both class 1 and class 2 agent license categories. For the CPD offered by ACOP, two (2) of the topics in each of the mandatory sessions are identical, so if you have both licenses, you will only have to complete an additional hour to cover the other topic.