31 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.”

NSW Fair Trading reports on the issue as follows:

Continuing Professional Development for multiple licence holders clarified

Do you hold more than one class 2 or class 1 licence in real estate, strata or stock and station?

Compulsory Continuing Professional Development (CPD) requirements for holders of two or three licence categories has been clarified on the NSW Fair Trading website.

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.

Find out more on our CPD requirements web page - under the heading your 2023 – 2024 CPD requirements.