New CPD framework
The requirement to undertake CPD training is now aligned to a standard year being from 23 March to 22 March. Note that it no longer aligns to your licence renewal date.
Each year licensed agents need to undertake six hours of CPD training:
- Three hours of compulsory topics training prescribed by NSW Fair Trading and
- Three hours of elective training which must be relevant to your area of practice.
From March 2021 Licensees in Charge need to undertake an additional three hours of elective CPD training related to business management.
Instead of the above CPD training, Assistant Agents are instead required to complete at least three units of competency from the Certificate IV qualification. Every Registered Training Organisations needs to report on every individuals’ progress to NSW Fair Trading.
Only approved training providers such as REINSW can deliver the compulsory CPD topics training.
Under the new framework:
- Annual CPD hours required for licence holders and licensees in charge is six hours
- CPD is split into three hours of compulsory topics and three hours of elective topics