What are the benefits of real estate CPD?
Q: What is the CPD year period? Can I carry over CPD hours between years?
The CPD year runs from 1 July to 30 June of the following year. No, you cannot carry over CPD hours. Hours must be completed during the CPD year. Any extra CPD you do does not count forward.
Q: What kinds of learning formats are acceptable?
For Class One and Class Two agents, CPD must be delivered via interactive webinars or face-to-face learning. The older format of online self-paced training is no longer permitted.
Q: What about dual licence holders?
If you hold dual licences (for example, real estate + stock & station, or strata + residential property, etc.), you must satisfy the CPD requirements for each licence you hold. Where a topic required under both licences is the same, you only need to complete it once, and it counts for both licences. This is called an overlap saver. Additional topic/hour requirements apply depending on what combination of licences you hold.
Q: Are there extra requirements for Class 1 licence holders?
Yes. In addition to the normal CPD hours and topics. Class 1 Agents must also attend at least 5 hours of a NSW Fair Trading-accredited event. Also, Licensees in Charge (LIC) have to prepare and maintain a training plan for agents under their supervision that outlines CPD requirements
Q: What about Assistant Agents?
Assistant Agents have different requirements: They must complete three units of competency from the CPP41419 Certificate IV in Real Estate. They also need to maintain records of their CPD for 4 years for audit purposes.
Q: What are the compliance and record-keeping obligations?
You must keep evidence (records) of your completed CPD for 3 years if you are a Class 1 or Class 2 agent. All CPD topics must be delivered by providers approved by the Strata & Property Services Commissioner. Failing to meet CPD requirements can lead to suspension or cancellation of your licence.
Q: What happens if I miss completing my CPD in time?
Missing your CPD within the required timeframe means you are non-compliant, which could lead to licence suspension or cancellation. You don’t get credit for hours done outside the CPD year.