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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.
At the moment:
- The industry regulator – NSW Fair Trading is in the process of considering what the new requirements will be.|
- Final changes to CPD requirements have not yet been released nor has there been a set date for this release.
In the mean time all licenced agents and registration certificate holders must continue to meet their current CPD obligations.
A reminder about the current NSW CPD requirements are:
- Whether you hold a licence as a real estate agent, stock and station agent, strata managing agent, business agent, on-site residential property manager or buyer’s agent, you must do CPD. Similarly, all categories of certificate holders must also do CPD
- You must complete all CPD requirements by the renewal date of your licence or certificate. [i.e., prior to the renewal date]
- You must keep a record of your CPD activities, along with evidence, such as a certificate, academic or attendance record or a receipt of you purchase
- CPD records need to be retained for (3) three years. NSW Fair Trading do not keep a register about your CPD points. It is your responsibility to keep records of your training
- If you are audited by Fair Trading you must prove that you have complied with the CPD requirements
- The amount of CPD required is 12points. There are various ways of acquiring the 12 points; however, it is commonly acquired by completing a relevant course including an assessment, with a duration period of 4 hours. (For full details on CPD categories refer NSW Fair Trading website – here or contact RETS on 1300 850 980)
RETS has CPD courses to suit your needs.
When you complete your CPD training with RETS, we maintain a record of your completed training, so if you lose your records, we can provide this to you on request.
Links to NSW Fair Trading CPD FAQ’s – here
Property Stock and Business Agents Act- section 15 (4):
http://www7.austlii.edu.au/cgi-bin/viewdoc/au/legis/nsw/consol_act/psabaa2002385/s15.html