CPD Compulsory Topics for Class 1 and Class 2 Licence Holders

CPD ACTIVITIES

The new CPD year will start on 1 July 2024 and end on 30 June 2025, and continue after that in line with the financial year.

All Class 1 and class 2 Agents in Real Estate or Strata Management or Stock and Station will be required to complete 5 hours of compulsory face-to-face or 10 hours of purely online training which includes all compulsory topics applicable to the agent's licence category and additional elective training to make up the 10 hours.

If you hold a class 1 or class 2 licence for both real estate and strata, or real estate and stock and station, you will be required to undertake:

• 5 hours of compulsory CPD for strata and 5 hours compulsory CPD for real estate (compulsory CPD hours need only be completed once, and completion will count towards your compulsory hours for both licence categories),

For example, an agent completes the compulsory CPD topic about supervisor’s obligations. The topic is applicable to both licence categories – strata and real estate. The agent only needs to complete the topic once and it is counted towards both licence categories (one hour for real estate and one hour for strata).

LEARNING STRATEGY

All resource guides and assessment practicums are provided to students in hard copy (including electronically if undertaking the training by correspondence). The resource guide is used to develop a sound knowledge base of each compulsory topic.

From 1 July 2024 and 30 June 2025 we will deliver the following compulsory topics:

Licence Category - Real Estate 

1. New Supervision Guidelines (1 hour)
2. Introduction to work health and safety obligations in sales and property management (2 hours)
3. New workplace employment law changes (approved by the Commissioner's Office) (1 hour)
4. Introduction to strata for salespeople and property managers (1 hour)

* Residential Salespeople will be required to complete five hours of training in these compulsory topics listed above. In addition, their 2024-25 CPD requirements will include an online module relating to price representations and underquoting. The online module has been developed between NSW Fair Trading and TAFE NSW. 

*The above topics are also relevant to a real estate agent licence holder carrying out commercial agent activity.

OUTCOME

Class 1 and class 2 licence holders who successfully complete their CPD training face to face 5hrs or 10hrs of CPD online/by correspondence, will be issued with a written notice within 10 business days (including an electronic copy) demonstrating completion of their training including the following information:

• the participant’s name as shown on their licence, licence number, email address and phone number
• the results of any assessment required by the compulsory topic outline
• the title of the compulsory learning topic that was completed
• the date, time and place the compulsory topic was undertaken
• the method of delivery of the compulsory topic
• the duration in hours for completion of the compulsory topic
• the type of assessment, and
• the name of the approved provider and person delivering the topic. If the provider or person delivering is registered with ASQA, details of their registration details

Note: Class 1 or class 2 licence holders completing their CPD training online/by correspondence, will be issued a written notice covering the additional training completed.

Additional CPD topics for class 1 and class 2 licence holders completing their training online or by correspondence 

LEARNING STRATEGY

Students will receive the compulsory topics as mentioned above and the following elective topics to complete their 10 hours of CPD training. All resource guides are provided in PDF format and sent in an email.

TOPICS

Show Leadership in the Workplace

In this topic, you will understand leadership and its role in business growth. You will learn about leadership styles and reflect on your role as leader of your company. You will learn to be more confident as a leader and find new ways of influencing the teams you lead to get the most out of them.

Note: This topic makes up 1.5 hours of CPD (with activities)

Conflict Resolution and Management Skills

Conflict resolution is a critical managerial skill that can often lead to law suits if not used to maintain the relationship. This topic explores the factors that drive conflict and the skills required to effectively intervene and facilitate positive outcomes.

Note: This topic makes up 1.5 hours of CPD (with activities)

Intellectual Property Issues in Business Operations

This topic examines key aspects on Australian Intellectual Property Law and issues in the creative process of advertising. Topics will include trademarks, copyrights, patents, registered designs and passing off. Participants will develop knowledge, understanding and critical thinking of Australian laws relating to intellectual property and how to avoid the risk of IPR infringement.

Note: This topic makes up 2 hours of CPD (with activities)

COST

Class 1 and Class 2 - 5 hours face to face only $350.00

Class 1 and Class 2 - 10 hours by correspondence $399.00