CPP41419 Certificate IV in Real Estate Practice
This qualification will be used as the entry level qualification to commence working as a sales representative or property manager. Currently the WA regulator, Department of Mines, Industry Regulation and Safety (DMIRS), requires completion of seven units for an unrestricted registration (you are able to operate as either a sales representative or property manager) and six units for a restricted registration for property management only.
The new qualification has been structured in a way that makes it much easier for regulators across the country to select skill sets for restricted registrations and/or specialist requirements. This should assist with a more consistent approach by regulators across thecountry and therefore make it much easier for real estate practitioners and agents to be able to move to other states and have their training recognised.
The new Cert. IV qualification is made up of 18 units including 5 core units and two skill sets from the list below (visit training.gov.au for full qualification details).
Changes to registration
We are currently waiting on a decision from DMIRS to the requirements for registration, it is likely that they will request the following options.
- Unrestricted registration: Full Cert. IV including the sales andproperty managementresidential skill sets and three commercial units (18 units of competency)
- Restricted sales registration: Core units and sales residential skill set and three commercial units (13 units of competency)
- Restrictedproperty managementregistration: Core units andproperty management residential skill set (12 units of competency)
How does this affect existing representatives?
The new qualifications will have no impact on existing sales representatives and property managers as long as they maintain the currency of their registration. DMIRS have indicated that they will not require a retrospective update of training for anyone who holds a current registration.
If a registration lapses, or is cancelled, then there may be a requirement to complete the new qualification in order to renew a registration. It is therefore more important than ever that representatives 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 representatives to 'make up' points from previous years.
It is important to note that currently the sales registration course allows you to operate as both a sales representative andproperty managerafter completing only seven units. Under the new registration requirements the only option to operate 'unrestricted' is to complete the full Cert. IV (visit the
DMIRS website for further information).
Extension to transition period
The new qualifications were endorsed on 25 February 2019 and was released on training.gov.au 21 March 2019.
In September 2019, The Australian Skills Quality Authority (ASQA) made the decision to extend the transition period for the old real estate qualifications to September 2021. This decision impacts all Registered Training Organisation's (RTO's) nationally and was based on requests from RTO's (mostly in the Eastern States). This decision was not made or influenced by DMIRS or REIWA and as such we are now in the process of creating a new transition strategy for the development and delivery of the new courses.
What this means
- RTO's can continue issuing statements for the existing qualification (CPP40307) until September 2021
- RTO's can continue enrolling students and delivering training under the old qualifications until September 2021
- For further information on the extension you can visit the ASQA website
How does this impact the delivery of the new qualifications?
- RTO's can still commence delivery of the new qualifications (as long as they have it on scope)
- It is likely that the transition to the new qualifications will be delayed by many RTO's, this will allow them time to create all new resources and finish up students on the old qualifications
How does this impact licences and registrations?
- We are still waiting for DMIRS to formalise the registration and licence requirements for the new qualifications, this process is nearing completion and will continue as planned
- DMIRS will accept the old and new qualifications for a period of time (a deadline for old qualifications has yet to be determined)
- This decision has taken us by surprise and has meant that we now need to rethink our transition strategy
- The registration course will continue to be delivered under the current format
- We are still keen to start delivering the new qualifications. We strongly believe that the updated courses offer significant benefits to the student, the industry and the consumer. We feel that putting off the transition any longer than 6 12 months is unnecessary and our new transition strategy will reflect this. Its time to bring real estate training up to date with real estate practice and improve the public perception by ensuring all practitioners are better educated and skilled to ensure better outcomes for the consumer.