NSW Fair Trading issues $69,300 worth in fines for breaches in CPD requirements

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NSW Fair Trading issues $69,300 worth in fines for breaches in CPD requirements

14 June 2022

NSW Fair Trading has reported that more than 19% (206) of the 1,059 real estate agents assessed by inspectors in April 2022 were found to be in breach of their annual Continuing Professional Development (CPD) requirements.

Licensed agents and certificate of registration holders are required to complete CPD specific to their licence/registration category between 23 March and 22 March, each year.

The regulatory body has noted in their June 2022 newsletter that, “inspectors have taken compliance action through education processes, issuing warnings and fines totalling $69,300. Inspectors are continuing to visit real estate offices to review CPD requirements and take appropriate compliance action.”

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New laws: Property industry reforms in the ACT

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New laws: Property industry reforms in the ACT

9 June 2022

From 1 July 2022, the ACT government will be introducing changes to the regulation of the real estate industry.

The reforms will include changes to:

  • licence and registration categories

  • qualification and experience requirements for licences and registrations, and

  • restrictions on the activities each licence and registration group can undertake.

Come 1 July 2022, the College will be releasing ACT legislation-based courses in line with the new training requirements, to help students ease into the reforms and ensure they are compliant with their educational requirements as outlined by Access Canberra.

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Consumer Affairs Victoria: Commencement of action against two individuals

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Consumer Affairs Victoria: Commencement of action against two individuals

2 June 2022

Consumer Affairs Victoria (CAV) published notices to consumers via their website last month, advising that they will be taking legal/disciplinary action against two individuals. Although the cases are separate and unrelated to one another, of the various reasons for action, both individuals are alleged to have failed to act fairly and honestly, conducted themselves in a way detrimental to the estate agent industry, and engaged in unprofessional behaviour. Both individuals are also considered by CAV as not being “fit and proper persons to hold an estate agent licence”.

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WA government to cut taxes to entice 'build-to-rent' developments

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WA government to cut taxes to entice 'build-to-rent' developments

27 May 2022

This month, the WA Government announced there would be a 50% reduction in land tax as part of its 2022-23 state budget. This decision was made as part of the WA Government’s significant reforms to housing availability, to promote build-to-rent (BTR) developments.

Real Estate Institute of WA president, Damian Collins, said the positive outlook for the WA economy will see the current strong cycle for the housing market continue.

"We expect that this strength and the forecast 1.2% increase in population will continue to underpin further growth of WA’s residential sales market,” Mr Collins said.

The State Government’s decision to incentivise the construction of BTR stock acknowledges the critical role the private sector plays in delivering additional housing supply, he said.

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NSW Fair Trading: a recap on recent important updates

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NSW Fair Trading: a recap on recent important updates

28 April 2022

  • Flood recovery rental support now open for applications

  • Free interpreting service for real estate agents

  • Strata information is now easier to find if you are selling or managing a strata property

  • Reminder: Real estate trust account audits due 30 September 2022

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New year, new website!

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New year, new website!

8 January 2022

Fare thee well, NSW Real Estate Training College — we’re ringing in 2022 with a complete rebrand, including an all-new website and purpose-built student portal!

Our updated website includes streamlined navigation, a more simplified enrolment process, interactive forms, and so much more 😍

Explore away! If you’ve got any questions, our FAQs page is a good place to start. Otherwise, please feel free to contact us. We would love to hear your feedback!

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CPP07 Property Services Training Package new teach-out period: 30 September 2021

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CPP07 Property Services Training Package new teach-out period: 30 September 2021

10 October 2019

ASQA has announced their decision to extend the period over which the CPP07 Property Services Training Package can be provided to students. The CPP07 Training Package is the current training requirement for property services licensing and registration across Australia. Following the introduction of the new CPP Property Services Training Package, ASQA had initially announced that the CPP07 package would become redundant from March 2020, with the CPP Training Package becoming the new training requirement.

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