New education requirements to work in real estate
The minimum education requirements for working in real estate are changing. If you want to start a career in real estate or are considering upskilling to become a licensed real estate agent, the education requirements changed substantially from 21 October 2020.
Commencing 21 October 2020, the Estate Agents (Education) Regulations 2020 (the Regulations) prescribe the courses of education for:
The new education requirements reflect significant changes to standards of competency for estate agents and agents’ representatives. These requirements draw on a new training package for the real estate industry that was developed following a national review. This page provides a summary overview of the education pathways available.
The Regulations also provide exemptions for people who have completed previously prescribed educational requirements. Estate agents and agents’ representatives currently working in the real estate industry can continue to do so, as long as they satisfy these exemptions.
Please Note: Details provided here are subject to change as further information becomes available.
STARTING WORK IN REAL ESTATE (AGENT’S REPRESENTATIVE)
This course covers the education component required by the Business Licensing Authority (BLA) to work as an Agents Representative.
As an Agent’s Representative you can work for a Licensed Real Estate Agent and undertake a broad range of duties and responsibilities such as sales, property management, business broking and buyer’s advocacy.
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The current course includes three units of competency from CPP40307 Certificate IV in Property Services (Real Estate)
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CPPDSM4007A - Identify legal & ethical requirements of property management to complete agency work
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CPPDSM4008A - Identify legal and ethical requirements of real estate sales to complete agency work
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CPPDSM4080A - Work in the real estate Industry
Key aspects to note:
- Although nationally recognised, students are not eligible for any government funding to complete this course
- These units are not directly equivalent to any units in the new training package
- Any current or new enrolments in this course must complete the training by 30 September 2021
- You must complete the course and be registered with the Business Licensing Authority (BLA) by 30 September 2021. Please note, BLA registrations are done by your employer.
New Requirements (from 21 October 2020)
The entry level education required to work in real estate will be a Certificate IV (CPP41419 Certificate IV in Real Estate Practice)
Key aspects to note:
- REIV will commence enrolments in this course by late October with training commencing in November 2020.
- This Certificate IV is eligible for the Boosting Apprenticeship Commencements (BAC) program supporting businesses that offer workplace traineeships. Businesses may be eligible for a subsidy of up to 50% of gross wages. READ MORE
How does this impact you?
Enrolling in the Agent’s Representative Course
- Option 1, new training package
Enrolments in the REIV new Certificate IV (CPP41419 Certificate IV in Real Estate Practice) are opening soon. Training will commence in November 2020. Contact us on [email protected] to register your interest.
- Option 2, superseded training package
Enrolments in the superseded 3 Unit Course will be open till 30 May 2021, however, you must complete the course and register with the Business Licensing Authority (BLA) by 30 September 2021. Please note, BLA regsitrations are done by your employer.
Currently enrolled in the superseded Agent’s Representative Course
You must complete the course and be registered with the Business Licensing Authority by 30 September 2021. Please note, BLA registrations are done by your employer.
Completed the Agent’s Representative Course before 30 September 2021
If you are employed in the real estate industry and registered with the BLA, you do not need to do anything further. Refer to the exemptions under the new Regulations.
Information regarding regsitration with the BLA is available here.
BECOME A LICENSED REAL ESTATE AGENT
Often known as the “Licence Course”, this is the minimum education qualifications required to obtain your Estate Agent's licence.
Superseded Requirements (prior to 21 October 2020)
CPP40307 Certificate IV in Property Services (Real Estate) was the qualification prescribed by the Victorian Business Licensing Authority, as the educational requirement to apply for an Estate Agent’s licence in Victoria.
Key aspects to note:
- This course is delivered with Victorian and Commonwealth Government Funding, eligibility criteria applies. Visit the Funding Page to find out if you are eligible for government funding
- These units are not directly equivalent to any units in the new training package
- Enrolments for the last REIV batch for the CPP40307 Certificate IV in Property Services (Real Estate) will close on 4 November 2020
- Any current or new enrolments in this course must complete the training by 30 September 2021
- You must complete the course and be registered with the Business Licensing Authority (BLA) by 30 September 2021. Please note, BLA registrations are done by your employer
- This Certificate IV is eligible for the Boosting Apprenticeship Commencements (BAC) program supporting businesses that offer workplace traineeships. Businesses may be eligible for a subsidy of up to 50% of gross wages. READ MORE
New Requirements (from 21 October 2020)
The minimum education qualifications required to apply for an Estate Agent’s Licence will be:
AND
Key aspects to note:
- REIV will commence enrolements in this course by late October with training commencing in November 2020.
- This training is eligible for the Boosting Apprenticeship Commencements (BAC) program supporting businesses that offer workplace traineeships. Businesses may be eligible for a subsidy of up to 50% of gross wages. READ MORE
- These Units are not directly equivalent to any Units in the current CPP40307 Certificate IV in Property Services (Real Estate).
How does this impact you?
Enrolling in the Licence Course
Option 1, enrol in the superseded training package
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Enrol in the current CPP40307 Certificate IV in Property Services (Real Estate). Enrolments for the last REIV batch for the CPP40307 Certificate IV in Property Services (Real Estate) will close on 4 November 2020.
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You must complete all 24 Units (21 Units if you have already completed the current Agent’s Representative Course) by 30 September 2021 FIND OUT MORE
Option 2, enrol in the new training package to be available from late October 2020.
You must complete 30 Units required to apply for an Estate Agent’s License.
It is important to note that these Units are not directly equivalent to any Units in the supersesed CPP40307 Certificate IV in Property Services (Real Estate). Some recognition of work experience may be available, contact us on [email protected] for details.
Currently enrolled in the CPP40307 Certificate IV in Property Services (Real Estate)
You must complete the course and be registered with the Business Licensing Authority by 30 September 2021. Please note, BLA registrations are done by your employer.
Completed the CPP40307 Certificate IV in Property Services (Real Estate) before 30 September 2021
If you are employed in the real estate industry and registered with the BLA, you do not need to do anything further. Refer to the exemptions under the new Regulations.
Information regarding regsitration with the BLA is available here.