Qualifying for the estate agent’s licence Pages

Qualifying for the estate agent’s licence

The education requirements to become a real estate agent have changed significantly. It’s important to understand your options.

From 30 September, anyone applying for the estate agent’s licence who does not already hold the CPP40307 must complete the new Certificate IV in Real Estate Practice (CPP41419) and the Diploma of Property (Agency Management) (CPP51119).

What does this mean for people currently working as an Agent’s Representative?

At this time most individuals working as an Agent’s Representative would have completed the required three units applying for an Estate Agents’ licence after 30 September 2021, must now complete the Certificate IV in Real Estate Practice (CPP41419) and the Diploma of Property (CPP51119).

CPPDSM4007A, CPPDSM4008A and CPPDSM4080A (out of 24 units from CPP40307 Certificate IV in Property Services (Real Estate).

In the past, you were only required to complete the remaining 21 units of the CPP40307 Certificate IV in Property Services (Real Estate) to receive the full qualification, to apply to become a licenced real estate agent.

This is no longer the case. Anyone who does not hold the CPP40307 and is Anyone applying for an Estate Agents’ licence must now complete the Certificate IV in Real Estate Practice (CPP41419) and the Diploma of Property (Agency Management) (CPP51119).

Your work experience matters

The RPL Pathway: Recognition of Prior Learning (RPL) is a review and assessment process that considers

your current qualification and work experience to provide a credit against units of competency. This can help you complete the required qualification in a shorter period.

Agent’s Representatives with three years or more work experience should consider the RPL pathway to help you fast-track your learning. The sooner you commence updating your qualification, the easier it will be to further establish your real estate career.

The REIV offers self-paced/online blended learning so you can complete the new qualification in your own time. Combine that with RPL for units that you may already have adequate work experience in, and you could update your qualifications much sooner than anticipated.

Workplace Traineeships: Traineeships are a great option for both, the employee, and the employer. Traineeships are an effective and efficient way to complete your training while continuing to build practical skills in the workplace. The program is delivered through a combination of workplace training, dedicated trainer support, the REIV customised learning materials and workplace visits.

A traineeship may be offered to an individual who is employed on a full-time or part-time (minimum 13 hours per week) basis in the real estate industry.

Traineeships can be one of the most cost-effective ways to qualify to become a licensed agent. The Federal Government has recently introduced substantial incentives (Boosting Apprenticeship Commencements (BAC) funding) for employers offering workplace

traineeships. This BAC Traineeships are funding scheme was an effective and introduced in addition efficient way to to the usual federal complete your incentives to assist with the recovery from the training while impact of COVID-19. continuing to build practical Under the BAC funding skills in the program announced in 2020 any business that workplace. engages an Australian Trainee on or after 5 October, 2020 may be eligible for a subsidy of up to 50 per cent of trainee gross wages, up to 21 March, 2022. The REIV traineeship qualifies as an approved course under the Boosting Apprenticeship Commencements (BAC) program.

To find out more, please contact the REIV training team on training@reiv.com.au or visit reiv.com.au/training