It’s the NSW Agent’s CPD Anniversary – 23rd March 2021.

Well doesn’t time fly.

It’s almost 1 year since the reforms were introduced back in March 2020. The 23rd March 2021 marks the anniversary of the CPD year for all NSW agents.

How apt that the traditional 1st-anniversary gift is paper – or the modern alternative, a clock. Both are kind of relevant here right?

So pop a big red circle around the date in your diary as a reminder to complete your compulsory CPD training prior to the 23rd March. It’s one of the items to tick off your list to survive a random NSW Fair Trading inspection.

Need a NSW Real Estate CPD License Recap?

Here’s a recap of the requirements per class of license from our friends at ACOP.

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

Remember!

It is a requirement of the NSW Property Stock & Business Agents Act & Regulations to maintain a register of all CPD training as part of your business operations. We have included a free sample of a simple excel register template.

Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 23 years’ industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.