National Licensing for Property Occupations Consultation Regulation Impact Statement

Attachment G – Proposed property qualification requirements

Real estate agent

Completion of CPP40307 Certificate IV in Property Services (Real Estate) from the CPP07 Training Package, including the units of competency listed in Table G.1, for the licensing of a real estate agent.

Table G.1: Proposed mandatory units of competency to be included in the CPP40307 Certificate IV in Property Services (Real Estate)

Unit code	Unit title
CPPDSM4080A*	Work in the real estate industry
CPPDSM4007A	Identify legal and ethical requirements of property management to complete agency work
CPPDSM4008A	Identify legal and ethical requirements of property sales to complete agency work
CPPDSM4009A	Interpret legislation to complete agency work
CPPDSM4015A	Minimise agency and consumer risk
CPPDSM4011A	List property for lease
CPPDSM4013A	Market property for lease
CPPDSM4012A	List property for sale
CPPDSM4014A	Market property for sale
CPPDSM4003A	Appraise property
CPPDSM4018A	Prepare and present property reports
CPPDSM4010A	Lease property
CPPDSM4016A	Monitor and manage lease or tenancy agreement
CPPDSM4049A	Implement maintenance plan for managed properties
CPPDSM4020A	Present at tribunals
CPPDSM4019A	Prepare for auction and complete sale
CPPDSM4005A	Establish and build client-agency relationships
CPPDSM4022A	Sell and finalise the sale of property by private treaty
CPPDSM4006A	Establish and manage agency trust accounts
CPPDSM4056A	Manage conflict and disputes in the property industry
CPPDSM4017A	Negotiate effectively in property transactions

OR

Hold a current business agent licence plus completion of the skill set shown in Table G.2 from the CPP40307 Certificate IV in Property Services (Real Estate).

Table G.2: Proposed skill set for a licensed business agent wishing to also operate as a real estate agent

Unit code	Unit title
CPPDSM4007A	Identify legal and ethical requirements of property management to complete agency work
CPPDSM4008A	Identify legal and ethical requirements of property sales to complete agency work
CPPDSM4003A	Appraise property
CPPDSM4019A	Prepare for auction and complete sale
CPPDSM4018A	Prepare and present property reports
CPPDSM4010A	Lease property
CPPDSM4016A	Monitor and manage lease or tenancy agreements
CPPDSM4022A	Sell and finalise the sale of property by private treaty

Business agent

Completion of CPP40507 Certificate IV in Property Services (Business Broking) from the CPP07 Training Package, including the units of competency listed in Table G.4, for the licensing of business agents.

Table G.4: Proposed mandatory units of competency to be included in the CPP40507 Certificate IV in Property Services (Business Broking).

Unit code	Unit title
CPPDSM4079A*	Work in the business broking sector
CPPDSM4006A	Establish and manage agency trust accounts
CPPDSM4015A	Minimise agency and consumer risk
CPPDSM4029A	Appraise business
CPPDSM4053A	List business for sale
CPPDSM4060A	Negotiate sale and manage sale to completion or settlement
CPPDSM4069A	Promote and market listed business
CPPDSM4009A	Interpret legislation to complete agency work
BSBRES401A	Analyse and present research information
A new unit to be developed	Identifying legal and ethical requirements of business sales and acquisitions to complete agency work
A new unit to be developed	Understanding and interpreting financial statements

OR

Hold a current real estate agent licence plus completion of the skill set in Table G.5 from the CPP40507 Certificate IV in Property Services (Business Broking):

Table G.5: Proposed skill set for a licensed real estate agent wishing to also operate as a business agent

Unit code	Unit title
CPPDSM4029A	Appraise business
	Identify legal and ethical requirements of business sales and acquisitions to complete agency work (a new unit yet to be developed)