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Are CPD activities compulsory for real estate agents?
All individuals who hold a class 1 licence, class 2 licence or a certificate of registration 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.
Why CPD is important?
CPD ensures that you maintain and enhance the knowledge and skills you need to deliver a professional service to your customers, clients and the community. CPD ensures that you and your knowledge stay relevant and up to date and opens you up to new possibilities, new knowledge and new skill areas.
What are the CPD requirements for real estate agents in NSW?
Your CPD activities will depend on the level and type of licence you hold, as outlined below. CPD activities 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. 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)
Elective topics – 3 hours per year Elective topics may be delivered by any training provider. The provider does not need to be approved by Fair Trading. Business skills topics – 3 hours per year Business skills topics may be delivered by any training provider. The provider does not need to be approved by Fair Trading. Only class 1 licence holders are required to complete 3 hours of business skills topics per year. For detailed information, visit: https://www.fairtrading.nsw.gov.au/housing-and-property/property-professionals/working-as-a-property-agent/Continuing-Professional-Development-CPD-requirements.
Are we an approved CPD provider?
Australian Professional Education Institute Pty Ltd trading as Sydney Institute of Interpreting and Translating is the approved provider for the purposes of the CPD requirements.
What do I require to complete CPD activities?
You will need to attend the CPD training sessions either face-to-face and/or online and complete the relevant assessment tasks (to be marked competent) to be able to receive a certificate for completion of the relevant CPD activities.