CPP51119 Diploma of Property (Agency Management)
The CPP50307 Diploma of Property Services (Agency Management) is the current qualification required to receive a triennial licence. This qualification consists of 26 units of competency, most of which cover the operational tasks of selling and leasing. This does not align with the job role of an agency owner/manager.
The new CPP51119 Diploma of Property (Agency Management) consists of 12 units which are all management level units ensuring that completion of this qualification fully prepares students to manage an agency. There are seven core units and five electives that make up the qualification. Visit training.gov.au for full qualification details.
Changes to triennial licence
The diploma course will remain the educational requirement to apply for a triennial licence, as well as two years current industry experience. There may also be a requirement to hold an unrestricted registration which would impact current restrictedpropertymanagement registrations only.
How does this affect existing agents?
The new qualifications will have no impact on existing agents as long as they maintain the currency of their licence. DMIRS have indicated that they will not require a retrospective update of training for anyone who holds a current licence.
If a licence lapses, or is cancelled, then there may be a requirement to complete the new qualification in order to renew a licence. It is therefore more important than ever that agents ensure they complete their CPD requirements each year as DMIRS will commence issuing fines to those who do not comply and have already made it very difficult for agents to make up points from previous years.
There may be a requirement that you must hold an unrestricted registration in order to progress to the diploma (we are waiting on DMIRS to confirm their requirements for registration and licences). You will still also be required to have a minimum of two years experience in order to apply for a triennial licence (visit the
DMIRS website for further information).
What this means right now!
The new qualifications were endorsed on 25 February 2019 and was released on training.gov.au 21 March 2019. All Registered Training Organisations (RTOs) across the country now have 12 months to teach out the current qualifications. This requires that all students currently enrolled must be completed within that time frame as RTOs will be unable to issue old qualifications after 20 March 2020. RTO's will need to transition students to the new qualifications if they are unable to complete them by the teach out deadline.
We are hoping to commence delivery of the new licence course in October 2019.
Our new Training and Assessment Strategy has taken in to consideration the units that we will be able to use in the new qualification so that students who enrol now will have a pathway to meet their individual needs.
Partially complete the current qualification and then transfer units to the new qualification in August. The units they complete in the current qualification will be able to be used towards the new qualification because of the way we have structured the training so students will not be disadvantagedin any way or complete units that are no longer relevant.