A Class 1 real estate licence allows you to run an agency and hire Class 2 licensees and assistant agents to work under your supervision.

This course is appropriate for those who hold a current Class 2 licence.

Successful completion of this course (CPP51122 Diploma of Property [Agency Management]) meets the educational requirements needed for application to NSW Fair Trading for a Class 1 Real Estate Licence. Applicants must also be able to demonstrate that they meet all other application requirements as set out by NSW Fair Trading.

A formal diploma qualification and transcript of results is issued to students upon successful course completion.

This course requires completion of 12 units of competency:

1. CPPREP5001 Manage compliance in the property industry
2. CPPREP5002 Establish and monitor property industry trust account management practices
3. CPPREP5003 Manage ethical practice in the property industry
4. CPPREP5004 Manage a safe workplace in the property industry
5. CPPREP5005 Manage teams in the property industry
6. CPPREP5006 Manage operational finances in the property industry
7. CPPREP5007 Develop a strategic business plan in the property industry
8. CPPREP5008 Market the property agency
9. CPPREP5010 Manage customer service activities in the property industry
10. BSBLDR522 Manage people performance
11. BSBOPS502 Manage business operational plans
12. BSBFIN501 Manage budgets and financial plans

There are no entry requirements for enrolling in this course.

To apply for a licence with the NSW government, all applicants must:

• be at least 18 years old;
• be a fit and proper person to hold a licence. Any person in partnership with a licensee in a property agency must also be a fit and proper person;
• have the qualifications required for the licence or class of licence for which they are applying;
• have not been disqualified;
• have paid the relevant contribution to the Property Services Compensation Fund.

Assessment by the College is competency-based. Competence implies that an individual demonstrates an understanding of the knowledge that is the basis of the practical task being carried out (i.e. having the required skills to carry out a specific role).

Student assignments are assessed based on whether or not the student has achieved the performance criteria for each element specified in the unit/s of competency they are undertaking (put simply, if you meet all of the learning criteria for a particular unit, you are competent in that unit). This method of assessment judges performance against a prescribed standard, not against other students. Students are assessed as 'Competent' or 'Not Yet Competent'.

Assignment submissions are assessed within five business days of submission. If your assessor grades your work as ‘Not Yet Competent’, they will provide feedback on what else they need you to address in your assignment before they can assess you as ‘Competent’. The best part? We don’t charge any resubmission fees for assessing, so you can resubmit as many times as you need to before being graded as ‘Competent’.

Read more about competency-based assessment and assessing timeframes.

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