Since 2016 there has been discussion in the property industry around reforms to the educational requirements for agents. It was originally communicated by NSW Fair Trading that changes to CPD requirements would begin in July 2018, and other changes would flow on after that date. However, these changes have not commenced yet as planned.
NSW Fair Trading are the regulatory authority for real estate in NSW. As such, they have the authority to audit real estate businesses on the spot.
A real estate agent acts on behalf of their clients to sell, buy, lease or manage property. The property can be residential, industrial, commercial or vacant land. In order to qualify as an entry level real estate agent in the ACT you must be registered and hold a Registration Certificate. A Registration Certificate is also referred to as a Salesperson Registration. To obtain a Registration Certificate you must complete a Statement of Attainment course through a Registered Training Organisation. If you wish to operate your own real estate agency, you will need to become a Licencee, by completing a real estate licensing course and lodging your application with the regulatory body in your state/territory.
Strata managers deal with the management, including financial, maintenance and administrative matters of strata title residential or commercial buildings. The role is complex but a satisfying one, ensuring all the elements of the running of the building are compliant and running smoothly. They also help residents within the building with disputes or issues they may experience.
In 2018 there was much conversation regarding changes to Continued Professional Development (CPD) requirements for NSW Real Estate Agents.
Although reporting on this topic has reduced within the real estate media; as a training organisation we are keeping abreast of what is going on.