After years of lobbying for an improvement in the education and training standards of the property industry by the REINSW, the New South Wales Government has moved to implement long overdue reforms. 

These changes signal a new era for the professionalism of the industry and will enable agents to deliver an enhanced standard of service. 

At the same time the qualification for real estate licensing has changed. The new qualifications are more rigorous and in-depth, and while there are fewer units of competency, the time required to complete the training will be longer.

Under the reforms, agents will also no longer be able to hold a Certificate of Registration for the duration of their career. Instead, they will be required to transition to a Real Estate License within a defined period or face exclusion from the industry for 12 months. 

These reforms by Fair Trading are due to be implemented in March 2020.

The new Real Estate Training package.

Course

 

CPP31519 Certificate III in Real Estate Practice

 

 

CPP41419 Certificate IV in Real Estate Practice

 

 

CPP51119 Diploma of Property (Agency Management)

 

Who

 

New entrants to the real estate industry who are working in a purely administrative role

 

Anyone who wants to work as an agent in the real estate industry.

 

Anyone who wants to run their own agency or be a Licensee-in-charge.

 

Result

 

Completion does not allow you to apply to NSW Fair Trading for a Certificate of Registration. To do so, additional units must be completed.

 

 

Completion allows you to apply to NSW Fair Trading for a Real Estate Licence. All agents will be required to transition from a Certificate of Registration to a Real Estate Licence in the future.

 

Completion allows you to apply to NSW Fair Trading for a Licence to be a Licensee-in-charge.

 

Learning

 

Broad areas of training include:

  • Personal work priorities and team work
  • Communicating with clients
  • Legislation and compliance
  • Work health and safety
  • Assist in property management
  • Assist in property sales

 

 

Broad areas of training include:

  • Professional practice
  • Legislation and compliance
  • Marketing and communication
  • Property marketing
  • Property appraisal
  • Property sales
  • Property management
  • Trust accounting

 

Note: The units of competency required to attain a Certificate of Registration are included in the Certificate IV and are completed first.

 

 

Broad areas of training include:

  • Compliance and ethics
  • Effective workplace management
  • Business planning
  • Marketing and customer service
  • Managing a safe workplace

 

Course duration

Up to 12 months to complete

 

Up to 12-18 months

12-18 months (depending on experience)

 

 More information

News

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Watch the webinar

Find out everything you need to know about the training reforms by watching our webinar with REINSW's CEO tim McKibbin, President Leanne Pilkington and Education and Training Manager Danielle Andrews. By Clicking Here

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Feedback

Do you have any feedback in relation to Industry Reforms?

Email us at helpline@reinsw.com.au (for REINSW Members only)