By 28 September 2019 all employees of a registered land agent who manage residential or commercial properties must have completed specific property management training and be registered as a property manager with Consumer and Business Services (CBS). The lengthy transition period aims to provide property managers enough time to complete their training before registration becomes mandatory on 28 September 2019. CBS will start receiving applications for property manager registrations from 1 February 2019.
These changes do not affect people who manage their own properties or for friends and relatives.
Approved training for property managers include:
- CPPDSM4007A – Identify legal and ethical requirements of property management to complete agency work
- CPPDSM4009B – Interpret legislation to complete agency work
- CPPDSM4010A – Lease property
- CPPDSM4011A – List property for lease *
- CPPDSM4013A – Market property for lease *
- CPPDSM4015B – Minimise agency and consumer risk
- CPPDSM4016A – Monitor and manage lease or tenancy agreement *
- CPPDSM4017A – Negotiate effectively in property transactions
- CPPDSM4020A – Present at tribunals *
Completion of, or status granted in, the following subjects offered by the University of South Australia as part of the course for the Bachelor of Business (Real Estate Practice):
- Discovering opportunities in property
- Property asset management
- Business law
- Fundamentals of property law
- Real estate practice
- Principles of economics and
- Property economics
Land agents will not be required to undertake any further training. However, they should plan ahead and support their employees to undertake training over the next 12-18 months. This will ensure they and their business are compliant with the new requirements before mandatory registration in September 2019.
Sales representatives that wish to undertake property management will need to lodge an application with CBS to add the property management condition to their registration. They will also need to complete the four additional subjects marked with an asterisk* under option 1 or complete all subjects listed under option 2. Sales representatives that have completed a full Certificate IV (above the minimum 17 units required for registration) may have already completed some of the additional units required.
Training providers can start delivering training with certainty over the approved qualifications the Commissioner will accept. This provides property managers with sufficient time to complete the necessary training.
Property managers will also need to meet minimum probity requirements – however, police clearance certificates must be current at the time of application. Property managers should wait to apply for a certificate until after they have completed the relevant training and CBS starts accepting applications for registration in February 2019.
Property managers that work unregistered after 28 September 2019 (and their employer, the registered land agent) may face penalties of up to $20,000.
CBS will continue to engage regularly with the real estate sector as we move towards mandatory registration for property managers by 28 September 2019.
Previous updates on property manager reforms