4 April 2024
Do you hold a real estate, strata, or stock and station licence in NSW? If so, the below details may affect how you approach your CPD for 2024-2025.
Read More28 September 2023
NSW agents, good news: in addition to the face-to-face classes offered by The College, we are glad to announce that we now offer an online CPD option!
Read More31 August 2023
In the latest issue of ‘Property Matters’, NSW Fair Trading has provided clarification around the Continuing Professional Development (CPD) requirements for individuals who hold multiple licences.
NSW Fair Trading has stated that, if you hold more than one category of property licence in NSW (for example, a real estate and a stock and station licence), “you must complete a baseline minimum of four hours CPD for the year and at least three compulsory topics in each category of licence you hold.”
Read More21 June 2023
As technology and internet capabilities advance, it is crucial for real estate businesses to understand the ways in which they can prepare and protect personal and financial information to keep their business, clients, and tenants safe.
Fraud can arise in many forms, including through email correspondence and attachments, e-signed leases, electronic use of documents, and online banking. Agencies and their staff are increasingly susceptible to high-tech fraud that is more difficult to detect.
Read More27 April 2023
NSW Fair Trading has announced changes to the CPD requirements for Class 1 and Class 2 licence holders for the 2023-2024 CPD year.
Please see this blog post for further information.
Read More7 March 2023
As a NSW certificate of registration holder undertaking Class 2 licence training, we wanted to remind you of the obligations NSW Fair Trading requires you to meet.
Read More31 October 2022
As the cost of living rises and rental markets tighten, more tenants may consider taking on a roommate to relieve some of the financial pressure.
Before entering into a shared tenancy, it is crucial that all parties understand the arrangement they have signed up to. Laws around subletting differ across each state and territory’s residential tenancy legislation. Let’s look at some of the general rules that apply to most Acts and Regulations. Later, we will identify the legislation that regulates subletting across each state and territory.
Read More26 September 2022
Working in real estate can be incredibly rewarding and often challenges you to be your best self. What’s better than helping your clients meet their property goals and negotiating a deal through to a successful outcome, or seeing a tenant settle in and feel at home in their new rental?
It is important for both employees and employers to remember that with real estate being such a fast-paced industry, agents and admin staff alike are prone to stress and burnout.
Let’s check out some state-based and national support networks that are out there for anyone struggling with challenging emotions in the workplace.
Read More31 August 2022
Trust account audit procedures differ depending on the state or territory in which you operate. These requirements are set out in property legislation, with each regulatory body often outlining and summarising trust account obligations online via their websites.
Trust account audit guidelines exist to ensure that trust money held by agents is properly managed and can be accurately accounted for at all times. Serious penalties may be incurred by agents for the misuse of a client’s money, including heavy fines and imprisonment.
Read More13 July 2022
On 1 July 2022, the ACT government introduced changes to the regulation of the real estate industry.
The reforms include changes to:
licence and registration categories
qualification and experience requirements for licences and registrations, and
restrictions on the activities each licence and registration group can undertake.
1 July 2022
NSW Fair Trading is inviting feedback on the proposed new Property and Stock Agents Regulation 2022.
The current Regulation supports the Property and Stock Agents Act 2002 and is due to expire on 1 September 2022.
The proposed new Regulation has been modernised and improved with more clarity, better consumer protections and less administrative load for agents.
Read More29 June 2022
The Consumer Protection division of the WA Department of Mines, Industry Regulation and Safety has advised the following in their recent newsletter blast:
Agents who hold a triennial certificate and have held monies in trust during the
2021-22 financial year will need to provide a Statement of trust account money - Annexure A to their appointed auditor following the end of the financial year after 30 June 2022.
Agents who have not held or received any trust funds during the financial year must lodge a statutory declaration to this effect in lieu of an audit report.
Read More
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In the spirit of reconciliation, Macdonald Education acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
