What are the benefits of real estate CPD?
While compulsory CPD training isn’t optional in the real estate industry, its benefits are much greater than simply ticking a box. Continual professional development is something that shouldn’t be seen as a chore, but rather, an opportunity. The most successful people in any industry are those who have a thirst for learning. CPD courses are extremely varied, offering something for all agents.
Whether you work in the inner city or you’re a stock and station agent, there’s always something new to learn. NSW Fair Trading recommends a number of courses through a registered training organisation, so let’s look at some of the benefits.
Keep up to date with industry trends
It’s important to keep your compulsory topic relevant to your role. For example, if you’re a stock and station agent you’ll want to keep abreast of rural property trends. If you’re a city real estate agent or an assistant agent, there are plenty of industry trends you should be aware of, too. When it comes down to it, actively keeping on top of emerging trends is the best way for you to build a successful career.
Real estate courses are terrific for understanding the basic and requirements of the industry. But if you really want to grow your career and work for the best real estate practice, continuing professional development is a great place to start.
Increase earning potential
Provided you keep your compulsory topics relevant, there is plenty to be gained from online training. Depending on which certificate category you hold, you can increase your earning potential through a CPD course. As a real estate registration holder, you can choose the elective topics to complete your required hours of CPD. Whether you want to learn more about unforeseen rental terminations, rental bonds, supervision guidelines or anything else to boost your real estate career, you’re in control.
Expanding your knowledge through real estate CPD training can increase your earning potential. You can study more than one category of topics, so you can learn how to manage a business sale, while doing other training in an interactive environment to learn what challenges property managers face. With more knowledge and skills come more job opportunities and potential for success.
Stay aware of changing real estate regulations
Like any industry, real estate is not immune from regulatory changes. CPD courses can help you stay up to date with changing rules and regulations in the industry. An approved CPD provider or registered training organisation are the best place to find courses from which all licensed agents can benefit.
When laws and industry best practices change, employed agents and all other professionals, from the property manager to assistant real estate agent, should fully understand the changes. This helps them meet real estate industry requirements and provide accurate advice every time.
Control your own real estate career
Continuing professional development isn’t just about ticking boxes. It’s about building your real estate career the way you want it. There’s no telling what you could learn about during real estate CPD. You could end up pursuing a dual licence. You might want to learn more about real estate audit requirements. Perhaps you’re interested in what property and stock agents do.
Ultimately, it’s all about the successful completion of the compulsory CPD topics you find most relevant. From station agents to real estate all-rounders, everybody can learn something valuable during compulsory CPD. In fact, CPD training could be the kickstart that your real estate career needs.
Networking opportunities
Most people own a house or know somebody who does. That means for real estate licence and certificate holders, the whole world is one big networking event. Any time you attend training or participate in group activities, you can meet influential people. Whether it’s a chance to dig up more property leads or connect with people who can advance your career, there’s never a bad time to attend real estate training.
Meeting licensing requirements
As we mentioned, NSW Fair Trading requires all real estate licence and certificate holders to complete compulsory CPD training each year. While you do have some flexibility in choosing your compulsory CPD topics, you don’t have the option to skip training. So, perhaps the best benefit of all is that continuing professional development helps you keep your real estate license.