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Feedback on New NSW Licensing Reforms

As mentioned previously, the NSW Government announced some of the biggest ever reforms to Real Estate Licensing, that directly affect everyone working in Real Estate in NSW. This paper identifies a range of reforms that the Government intends to introduce into Parliament in early 2017. LinkLearn is already prepared and ready for these changes.

 

The Government has opened the reforms up for feedback.

The below is from the Department of Fair Trading Website.

“The main proposed changes are as follows:

  • Creation of the category, ‘licensee in charge’, requiring additional skills and experience and to provide stronger supervision obligations
  • Improved entry level education for certificate holders and the creation of a career pathway
  • Reduction in the number of other licence categories
  • New CPD requirements for all licensees, with compulsory and elective topics
  • Greater conduct and accountability requirements
  • Enhanced audit requirements for trust accounts
  • Enhanced disciplinary provisions to cancel or suspend a licence immediately where there is high and immediate consumer risk
  • Clear definition of ‘material fact’ disclosure obligations.

Have your say

The Reform Paper has been publicly released for feedback on the detail and timing of the reforms.
To provide feedback on the reforms, please read the following documentation:

Please provide your feedback by 5 December 2016.

We prefer to receive submissions by email at policy@finance.nsw.gov.au

You can also refer to our Frequently Asked Questions – property industry reforms page.”

 

LinkLearn have already designed a package to help Certificate of Registration holders transition to a full licence (obtaining the Certificate IV qualification).

LinkLearn is also already able to help prospective ‘licensees in charge’ to complete the Diploma of Property Services.

If you need any assistance with gaining the licence, completing the ‘new’ CPD requirements, or obtaining your ‘licensee in charge’ qualifications, we can help you.

Contact Lane Cathcart on 0431 484 138 or Lane@LinkLearn.com.au

The post Feedback on New NSW Licensing Reforms appeared first on LinkLearn.

Source: LinkLearn

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