NSW Continuing Professional Development (CPD) for multi-licence holders clarified

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NSW Continuing Professional Development (CPD) for multi-licence holders clarified

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.”

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Protecting your real estate business from scam activity and fraud

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Protecting your real estate business from scam activity and fraud

21 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.

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WA agents, have your say on changes to real estate CPD

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WA agents, have your say on changes to real estate CPD

15 February 2023

The Western Australia Department of Mines, Industry Regulation and Safety (DMIRS) has announced it will be undertaking a review of the current real estate Continuing Professional Development (CPD) program.

A consultation paper based on an internal review by Consumer Protection has been published for public consideration.

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February 2023 Newsletter

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February 2023 Newsletter

3 February 2023

Newsletter snapshot:

  • Site-wide discount code!

  • Industry updates: NT Government announces new rent framework to strengthen remote housing sector.

  • Disciplinary action: Western Australia Consumer Protection issues fines to agent over unauthorised trust account withdrawals, Former Victorian estate agent investigated for falsified records and misuse of trust account funds.

  • Important dates: NSW CPD due 22 March, WA trust account audit reports due 31 March.

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WA Consumer Protection: Concerning CPD completion numbers

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WA Consumer Protection: Concerning CPD completion numbers

15 November 2022

Western Australia’s Consumer Protection division has reported in a bulletin this week that there is a concerning number of real estate licensees and registration holders yet to meet their 2022 CPD obligations.

WA licence and certificate holders must complete 10 points of CPD training each calendar year to be eligible for renewal. Completion must be achieved by 31 December.

We offer WA Elective CPD (7 points). Mandatory CPD must also be completed to achieve the remaining points (3 points). See enrolment options within.

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Attention WA students: CPD due 31 December!

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Attention WA students: CPD due 31 December!

2 November 2022

WA licence and certificate holders must complete 10 points of Compulsory Professional Development (CPD) training each calendar year to be eligible for renewal, even if you hold a triennial licence.

We offer WA Elective CPD (up to 7 points). Mandatory CPD (3 points)must also be completed.

Upon successful completion of your CPD, we will register your course completion with the WA Government’s Consumer Protection sector and issue you with a Certificate of Participation as evidence of course completion.

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September 2022 Newsletter

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September 2022 Newsletter

2 September 2022

Newsletter snapshot:

  • Site-wide discount code!

  • Industry updates: Commencement of action against the director of a Victorian property management company, Sunshine Coast real estate director fined for improper use of trust money.

  • Legislative changes: New NSW Property and Stock Agents Regulation 2022.

  • Reminders: Trust account audits due 30 September (NSW, ACT, TAS, and VIC agencies), ACT CPD is due for registration holders on 31 October 2022.

  • Exciting job opportunities: DF Johnson Real Estate, KSBG Commercial Real Estate, Manor Real Estate, Sinova Property.

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August 2022 Newsletter

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August 2022 Newsletter

5 August 2022

Newsletter snapshot:

  • Site-wide discount code!

  • Industry updates: QLD Fair Trading finds former agent guilty of wrongful trust money use, imprisoned following an investigation.

  • Legislative changes: Further changes to tenancy law in Queensland.

  • Announcements: We now offer CPD for Tasmania! Plus, new CPD options for WA.

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We now offer CPD for Tasmania!

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We now offer CPD for Tasmania!

1 August 2022

Attention Tasmania students! Online CPD now available 💻🆕

Licence holders and property representatives in Tasmania must complete 12 points of Continuing Professional Development (CPD) training by 30 June each year, consisting of:

  • 8 points (of the 12 points) industry-specific CPD; and

  • 4 points (of the industry-specific CPD) need to be delivered by an external provider.

The term "external provider" means that the CPD activity is delivered by a person external to the organisation by which the property agent is employed.

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NSW Fair Trading issues $69,300 worth in fines for breaches in CPD requirements

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NSW Fair Trading issues $69,300 worth in fines for breaches in CPD requirements

14 June 2022

NSW Fair Trading has reported that more than 19% (206) of the 1,059 real estate agents assessed by inspectors in April 2022 were found to be in breach of their annual Continuing Professional Development (CPD) requirements.

Licensed agents and certificate of registration holders are required to complete CPD specific to their licence/registration category between 23 March and 22 March, each year.

The regulatory body has noted in their June 2022 newsletter that, “inspectors have taken compliance action through education processes, issuing warnings and fines totalling $69,300. Inspectors are continuing to visit real estate offices to review CPD requirements and take appropriate compliance action.”

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