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Review of real estate training standards

23 June 2016

A report of the existing training standards in the NSW property services industry has been released with recommendations for improvements.

An independent panel carried out the review commissioned by NSW Fair Trading, and the NSW Government is now considering the report. It is expected that proposed reforms to training standards will be announced before the end of 2016.

One of the key proposals in the review is to increase the entry requirements for Certificate holders.

The panel also said there was a lack of a clear connection between the training skills delivered in “off the job” settings (including online and face-to-face learning environments) and the practical application in work environments.

As a result it says there is a need for a period of experience during which skills can be applied and demonstrated in the workplace.

Other recommendations in the report included that:

  • the industry takes an active role in developing the units of competency and qualification requirements for licensed property occupations
  • the minimum educational standards for certificate holders be increased to seven units of competency from the Certificate IV qualification, which should continue to be the mandatory minimum education requirement for all categories of licensee
  • the minimum educational standards for a licensee-in-charge is a Diploma or Certificate IV and an equivalent qualification in business management 
  • there is a period of mandatory experience following the completion of the educational requirements for a licensee.

To read REINSW’s submission on what training improvements are needed click here.