Under the new 23rd March 2020 licensing reforms, a Class 1 & Class 2 may carry out all functions in their area of practice. However, only the nominated Licensee in Charge may authorise the withdrawal of money from a trust account. Depending on your business structure, it may necessary for the Principal Licensee to appoint additional Class 1 license holder ... read more >>
There are certain components of the upcoming Licensing Reforms (23rd March reminder!) that specifically concern Property Managers and Property Manager compliance. As a quick summary, these points are: Current License holders will transition to Class 2 License holders Certificate of Registration holders will transition to Assistant Agents If you’re currently approving EOM payments, you will not be able to do ... read more >>
As you are all very hopefully aware the 2020 NSW licensing reforms come into effect on 23rd March this year. Here we summarise the changes that are coming your way, what you need to do to prepare and how it will affect you. The 2020 NSW Licensing Reforms in Brief What Has Changed? There is now a requirement to have ... read more >>
