Under the Property and Stock Agents Act 2002 (the Act), individual holders of a licence (class 1 or 2 agents) and certificate of registration (assistant agents) are subject to a condition that the holder must comply with Continuing Professional Development (CPD) requirements. CPD is aimed at ensuring licence and certificate holders continually update their skills and are aware of their legislative requirements and responsibilities.

ACOP has been conducting CPD for the property industry since September 2003, when CPD became mandatory for professionals working in the property industry. ACOP provides CPD training in all property licence categories in NSW.

As per NSW Fair Trading’s CPD Guidelines, all licence and certificate of registration holders within NSW are required to complete CPD each year as one of the requirements of holding their authority to practice. The CPD year will be from March 2020 to March 2021, and then by March every year. CPD will no longer be linked to your renewal date and MUST be completed in the new CPD year (March to March).

You can confirm your class of licence through the NSW Fair Trading public register, which dictates what level of CPD you are required to undertake.

ACOP’s courses are developed by and delivered by current industry professionals and solicitors. This means that students are able to benefit from the analysis of real cases and scenarios and receive the most up to date knowledge of legislation and industry best practices.

All courses offered by ACOP provide an opportunity to network with other agents and agencies and to share ideas within our best practice framework.

CPD requirements per Licence Class

Class 1 (Licensee-in-Charge) – for Real Estate and Strata Management

• • 3 hours of Mandatory CPD with compulsory topics as set by NSW Fair Trading
  • 3 hours of Elective CPD with topics from a broad range of best practice issues
  • 3 hours of Elective CPD with business-related topics (will commence in March 2021)

Class 1 (Licensee-in-Charge) – for Stock & Station (only)

• • 3 hours of Mandatory CPD with compulsory topics as set by NSW Fair Trading
  • 3 hours of Elective CPD with business-related topics (will commence in March 2021)

Class 2 Licence Holders (almost the same as Class 1 licence holders) – for Real Estate and Strata Management

• • 3 hours of Mandatory CPD with compulsory topics as set by NSW Fair Trading
  • 3 hours of Elective CPD with topics from a broad range of best practice issues

Class 2 Licence Holders (almost the same as Class 1 licence holders) – for Stock & Station (only)

• • 3 hours of Mandatory CPD with compulsory topics as set by NSW Fair Trading

Class 3 – Certificate of Registration (Assistant Agents)

• • Complete 3 Units of Competency from the relevant Certificate IV licensing qualification:
    • For Real Estate and Stock & Station Licence requirements:   CPP41419 – Certificate IV in Real Estate Practice
    • For Strata Management Licence requirements:  CPP40516 – Certificate IV in Strata Community Management

2020 CPD Topics

NSW Fair Trading has set specific topics for the compulsory 3 hours of CPD training.  For the 2020/21 CPD year, the three mandatory topics are:

• • 2020 Real Estate Reforms, including Trust Account requirements
  • Rules of Conduct
  • Occupancy Risk Management

To enable you to have the best experience for your CPD, ACOP has developed two options for the Compulsory CPD based on the functions you undertake on a daily basis.  The two (2)  Compulsory CPD options are:

• • Compulsory CPD for Sales and Leasing (for Real Estate Sales, Property Management and Stock & Station)
  • Compulsory CPD for Strata Management

For the Elective topics, NSW Fair Trading has set some broad content areas focused on the best practices with a property agency.  ACOP will be conducting Elective CPD topics for the following licence / functional categories:

• • Real Estate Sales
  • Residential Property Management
  • Strata Management
  • Business Broking
  • Buyers Agents 
  • Commercial Sales & Leasing
  • Stock & Station

Customised and In-House CPD Training

Customised and in-house courses are also available for groups of 6 or more. Please contact us if you have specific topic needs and our trainers can come to your office to conduct your CPD course at a time that suits you and your staff.  Naturally, these courses are also available via interactive webinar, which is terrific for remote locations and also smaller agencies.