Under the Property and Stock Agents Act 2002 (the Act), individual holders of a licence (Class 1 or Class 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 starts on the 23 March each year and ends on the 22 March the following year. CPD will no longer be linked to your renewal date and MUST be completed in the CPD year.

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

Class 1 AND Class 2 Licensed Agents

All licensed agents must complete 4 hours of training on compulsory topics relevant to the class of licence they hold each CPD year.  This is an increase from 3 hours of compulsory topics that was required in previous years.

NSW Fair Trading have identified that agents who hold more than one category of licence, must complete additional compulsory topics relating to each of those categories of licence.  In reality, this means:

• if you hold a Real Estate and a Stock & Station licence or a Dual Real Estate/Stock & Station licence, you will need to complete the 4 hours of Compulsory CPD for one licence category and also the same for the other category.  Because some of the topics covered in both sessions overlap, you would only need to complete the main 4 hour session plus the topics that are different in the second session.
• if you hold a Real Estate, a Stock & Station and a Strata Managing Agents licence, you will need to complete compulsory CPD for all 3 categories of licence.  Again, where topics overlap, you only need to cover the unique topics from each of the three (3) CPD Compulsory sessions.

NSW Fair Trading provides a list of topics that are required to be included as the Compulsory topics for CPD training.

Compulsory topics must be delivered in:

• a face-to-face interactive training environment – maximum 40 attendees, or
• an interactive webinar – maximum 25 attendees, and
• include an assessment activity.

If a licensed agent is unable to complete four hours of CPD training in an interactive environment, they may complete a minimum of 10 hours of CPD through online training as an alternative. This must include all compulsory topics relevant to their licence category, plus their choice of other training to make up a total of 10 hours.

The topics for CPD for Licensed Agents in the 2023 CPD year are:

Note: Click the course heading to download the course brochure

4 HOUR CPD TOPICS	2 HOUR CPD TOPICS
Combined Sales and Property Management Legislation: Licensing Changes to the Supervision Guidelines Solicited Rent Bidding First Home Buyers Tool-Kit Embedded Networks Death of a Tenant	Combined Sales and Property Management First Home Buyers Tool-Kit Building Defects of Off-the-Plan Developments Death of a Tenant Solicited Rent Bidding
Real Estate Sales Changes to the Supervision Guidelines Price Disclosures 2022 Contract of Sale Legislation: Licensing First Home Buyer Tool-kit Building Defects of Off-the-Plan Developments Embedded Networks
Residential Property Management Legislation: Licensing Rental bidding Solicited Rent Bidding Death of A Tenant Rental Bond Claims Embedded Networks Changes to the Supervision Guidelines
Strata Management Legislation: Licensing Embedded Networks Changes to the Supervision Guidelines Electric Vehicle (EV) Infrastructure Strata Building Bond and Inspections Scheme Design and Building Practitioners Act	Strata Management Electric Vehicle (EV) Infrastructure Strata Building Bond and Inspections Scheme Design and Building Practitioners Act
Buyers Agents Legislation Changes to the Supervision Guidelines Preparing Buyer Brief Promoting the agency and developing strategic alliances Assess Market Opportunities
Stock and Station Legislation Changes to the Supervision Guidelines Differences between selling rural and residential properties Biosecurity – NLIS, EID Sheep and Goats Animal Welfare Best Practices Heavy Vehicle – Chain of Responsibility	Stock and Station Differences between selling rural and residential properties Biosecurity – NLIS, EID Sheep and Goats Animal Welfare Best Practices Heavy Vehicle – Chain of Responsibility
Commercial Property Changes to the Supervision Guidelines Legislation: Price Quoting Ownership of Marketing Materials 2022 Contract of Sale
Business Brokers Legislation: When does a person need a licence/certificate First Home Buyer Schemes Building Defects of Off-the-Plan Developments Embedded Networks Changes to the Supervision Guidelines Strategic Value in a Business Sale Manage Buyer and the Sales Process in Business Broking
Short-term Residential Managing Agents Changes to the Supervision Guidelines Legislation: Lone Worker Safety Undertaking Caretaker Duties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Licensee-In-Charge Responsibilities

Licensees-in-charge must have all CPD training detailed in the training plan for the agency, and this may be made up of topics most relevant to the agent.

In addition to the compulsory topics set by NSW Fair Trading, Licensees-In-Charge are also required to develop and maintain a training plan for all employed agents, inclusive of CPD requirements.  The proforma for the training plan is provided by NSW Fair Trading. 

Assistant Agents

Certificate of Registration holders as an assistant real estate agent must complete at least 3 Units of Competency each CPD year from the relevant Certificate IV qualification that is required for the issue of a Class 2 Licence.  NSW Fair trading has identified specific units of competency for each different category of licence. The qualification for each licence category is:

Class 2 Real Estate Agents Licence CPP41419 – Certificate IV in Real Estate Practice	Class 2 Dual Real Estate/Stock & Station Agents Licence CPP41419 – Certificate IV in Real Estate Practice
Class 2 Stock & Station Agents Licence CPP41419 – Certificate IV in Real Estate Practice	Class 2 Strata Managing Agents Licence CPP40521 – Certificate IV in Strata Community Management

All property agents have to complete their CPD training for 2023/24 in: