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NSW CPD Points

CPD Obligations – Real Estate or Strata

 

Assistant agents and licensed agents must complete CPD training annually as a condition of holding their licence or certificate of registration.

 

The new CPD  requirements divide CPD into compulsory and elective topics.

 

Licence holders will be required to undertake a minimum 12 hours of CPD per year.

 

Assistant agents will need to complete at least 3 competency units from a Certificate IV qualification each year, to ensure that they will be eligible to apply for the relevant class 2 licence.

 

What is the difference between the broad learning areas and compulsory topics?

 

To renew their licence or certificate, a licence hold must complete 12 points of CPD which covers subject matter specified by the Director-General. These learning areas and topics will be reviewed each year. If compulsory topics have been specified for CPD, these topics have priority over broad learning areas. Where there are no compulsory topics, the licence or certificate holder may choose from the list of broad learning areas. The broad learning areas and compulsory topics are developed by an Industry Consultative Reference Group and recommended to the Director-General.

 

Your CPD activities will depend on the level and type of licence you hold, as outlined below. CPD activities include:

 

Compulsory topics – 3 hours per year

 

Compulsory topics are determined by NSW Fair Trading in consultation with industry.

 

Compulsory topics will change each CPD year. Between 23 March 2020 and 22 March 2021, the compulsory topics are:

  1. Real Estate Reforms, including trust account requirements (1 hour)
  2. Rules of Conduct (1 hour)
  3. Risk Management – as is applicable to the agent’s licence category (1 hour)

Elective topics – 3 hours per year

 

A class 1 or class 2 licence holder may choose to undertake their elective CPD from :

  • Property practice (sales and property management, strata and community management, stock and station agency, business sale or business broking, commercial and industrial property)
  • Marketing skills and/or practice
  • Communication skills and/or practice
  • Property transaction legal requirements
  • Ethics and professional responsibility
  • Fraud prevention
  • Marketing and quality control
  • Workplace health and safety
  • Legislation and compliance

A class 2 licence holder may also choose elective topics relating to:

  • Risk management
  • Industrial relations and human resource management
  • Supervision requirements
  • Trust accounting principles and audit requirements

For class 2 licence holders, the completion of one unit from the CPP50307 – Diploma of Property Services (Agency Management) is equivalent to 3 hours of elective topics.

 

Business skills topics – 3 hours per year

 

Only class 1 licence holders are required to complete 3 hours of business skills topics per year. A person may choose to undertake this CPD from any provider that delivers training in:

  • Trust accounting principles and audit requirements
  • Business risk management
  • Business practices, management and governance
  • Marketing and quality control
  • Trust accounting principles and audit requirements
  • Industrial relations and human resource management
  • Supervision requirements
  • Compliance audit and review
  • Fraud prevention
  • Workplace health and safety

Important: the requirement to complete business skills elective topics will apply from the next CPD year, which starts on 23 March 2021.

 

Can a licence or certificate holder carry over CPD points from one year to the next?

 

The requirement is to complete 12 points each year and a maximum of 11 surplus points can be carried forward for 12 months.

 

For more detail and updated information, please refer to NSW Fair Trading website HERE.