Featured image: Following the recent ban on rent bidding, NSW Fair Trading has advised that their inspectors will be attending open homes to observe agents interacting with potential tenants on price. This is to ensure agents are not soliciting or inviting an offer of rent that is higher than the advertised price. Read more below 👇

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NSW licence and registration holders, don't forget to complete your CPD by 22 March! Enrol today and ensure you are compliant for the 2022-2023 CPD year 💳💻

Don't leave CPD to the last minute ⏳

Assistant agents: Remember, licence units are full units of competency, meaning they are much more in-depth and take longer to complete than Class 1 or Class 2 CPD courses. Please feel free to reach out to our friendly team if you would like support completing your assessments.

REMINDER: Trust account audits due 31 March for agents in Western Australia ❗⏰

Trust account audit procedures differ depending on the state or territory in which you operate. These requirements are set out in property legislation, with each regulatory body often outlining and summarising trust account obligations online via their websites.

Trust account audit guidelines exist to ensure that trust money held by agents is properly managed and can be accurately accounted for at all times. Serious penalties may be incurred by agents for the misuse of a client’s money, including heavy fines and imprisonment.