CPD Requirements for Licensee Class 1, Licenced Agents Class 2 and Assistant Agents Class 3

All individuals who hold a class 1 property agent's licence, class 2 property agent's licence or a certificate of registration, as a class 3 assistant agent must complete the CPD specified for their licence or certificate category each year.

Failure to comply with your CPD requirements may result in the suspension or cancellation of your licence or certificate.

The CPD year for all licence and certificate holders starts on 23 March each year and ends on 22 March the following year. The first CPD year will run from 23 March 2020 to 22 March 2021.

Your CPD activities will depend on the level and type of licence you hold.

CPD activities for class 1 licence and class 2 licence include:

Compulsory topics – 3 hours per year

Compulsory topics are determined by NSW Fair Trading in consultation with industry and are delivered by industry associations, government agencies and other providers approved by Fair Trading.

Industry Training Consultants is waiting for approval by NSW Fair Trading to deliver compulsory CPD.

Compulsory topics will change each CPD year. Between 23 March 2020 and 22 March 2021, the compulsory topics are:

  1. Real Estate Reforms, including trust account requirements (1 hour)
  2. Rules of Conduct (1 hour)
  3. Risk Management – as is applicable to the agent’s licence category (1 hour)
Learning Strategy

All resource guides and assessment practicums are provided to you in either hard copy or electronic format – whichever option you choose, being face to face or correspondence. The resource guide is used to develop a sound knowledge base of the topic.

To successfully complete the necessary hours of training, you will be required to complete a range of assessment tasks to demonstrate your knowledge, skills and understanding of each subject.

Time Frame

9am – 12pm (Face to Face)

Note: See course dates page for schedule

Outcome

Any agent who successfully completes the course will be issued with a statement of completion, which shows the number of CPD hours earned – and compulsory subjects completed.

Cost

$149.00 AUD (Correspondence)
$160.00 AUD (Newcastle/Central Coast Face to Face)
$179.00 AUD (Far North Coast)

Elective topics – 3 hours per year

Class 1 and class 2 licence holders must also complete 3 hours of CPD from Elective topics. A training provider does not need to be approved by Fair Trading to deliver Elective topics. 

There are two CPD Elective Topics on offer to make up 3 hours of CPD activity. They are "Workplace Health and Safety" and "Ethics and Professional Responsibility" (without an assessment).

For more information go to this page.

Learning Strategy

All resource guides are provided to you in electronic format. The resource guide is used to develop a sound knowledge base of the topic.

To successfully complete the hours of training, you will be required to allocate the necessary time to complete the readings and if necessary, complete any activities provided to demonstrate your knowledge, skills and understanding of each subject.

Outcome

A student who successfully completes the course will be issued with a statement of completion, which shows the number of CPD hours earned – and the elective subjects completed.

Cost

$149.00 AUD (Available by Correspondence Only)

Business skills topics – 3 hours per year

Class 1 licence holders must also complete 3 hours of business skills topics per year. A training provider does not need to be approved by Fair Trading to deliver business skills topics (link).

The requirement to complete business skills elective topics will apply from the next CPD year, which starts on 23 March 2021.

Assistant Agent – Real Estate

Certificate of registration holders as an assistant real estate agent must complete at least 3 units each CPD year from a valid Certificate IV qualification that is required for the issue of a Class 2 Agent licence in Real Estate (with or without restrictions).

The CPD obligations as an assistant real estate agent (formerly called a Certificate of Registration holder) must complete at least 3 units from the CPP41419 Certificate IV in Real Estate Practice. Industry Training Consultants will deliver in Year 1

  • CPPREP4103 Establish vendor relationships
  • CPPREP4104 Establish buyer relationships
  • CPPREP4121 Establish landlord relationships

The above units of competency are also based on the nationally endorsed CPP Property Services Training Package for the real estate industry sector, and is for people/learners who want to acquire the skills needed to sell, market, lease and manage real estate/property within a property agency at level 4 – Certificate IV.

You will learn the fundamental concepts relating to property and business law, risk management, appraising property including marketing concepts and requirements. These skills will be applicable across a range of property sectors -residential, commercial and industrial.

Note: If an individual applies for a Class 2 Agent licence using the old superseded qualification CPP40307 - Certificate IV in Property Services (Real Estate).

  • at least one unit of the qualification must have been completed prior to the commencement of the reforms, and
  • they will receive a conditional licence that is subject to a restriction condition.

For example: Class 2 Real Estate Agent conditioned to undertake sales and leasing or on-site residential property management only.

Time Frame

9am – 5pm (Face to Face)

Note: See course dates page for schedule 

Outcome

A student who successfully completes these units will be issued with a statement of attainment and transcript, which shows the number of units completed.

Cost
$420.00 AUD (Face to Face)
$300.00 AUD (Correspondence)
CPD Records

Licence and certificate holders must retain their own records of any compulsory, elective or business skills topics completed.

Certificate of registration holders must retain the statement of attainment issued for each unit completed from the relevant Certificate IV for their area of practice.

Licence holders (class 1 and class 2) must retain all records for 3 years.

Certificate of registration holders must retain all records for 4 years.

Licence and certificate holders will also be required to provide evidence to Fair Trading that they have completed the required CPD topics. Fair Trading is developing an online recording system for training providers and licence holders. Before this is ready, licence and certificate holders should retain their own records and must provide these records as evidence, if requested.