Victoria Real Estate Full Licence Recognition Process Information
We will help you complete your Victoria Real Estate Full Licence Recognition Process
Real Estate Full Licence Recognition Process Information
For all the information about Real Estate Licensing in Victoria visit the How to apply for an Estate Agent’s Licence in Victoria Section of the Consumer Affairs Victoria website.
In Victoria, Consumer Affairs have set the CPP40307 Certificate IV in Property Services (Real Estate) as the educational requirements to obtain a Full Real Estate Licence. Students will enrol and complete the 24 units from the CPP40307 Certificate IV in Property Services (Real Estate) with us The Australian Institute of Property (RTO # 40908). Upon successful assessment the RTO will issue the student with a Statement of Attainment that lists the units of competency that the student has been deemed competent in. You are required to have the 3 Agent Representative Course Units prior to enrolling into our Real Estate Licensing Recognition Process.
The prescribed units are:
BSBSMB406 – Manage small business finances
BSBRKG304 – Maintain business records
CPPDSM4015B – Minimise agency and consumer risk
CPPDSM4003A – Appraise property
CPPDSM4004A – Conduct auction
CPPDSM4005A – Establish and build client-agency relationships
CPPDSM4006A – Establish and manage agency trust accounts
CPPDSM4009 – Interpret legislation to complete work in the property industry
CPPDSM4010A – Lease property
CPPDSM4011A – List property for lease
CPPDSM4012A – List property for sale
CPPDSM4013A – Market property for lease
CPPDSM4014A – Market property for sale
CPPDSM4016A – Monitor and manage lease or tenancy agreement
CPPDSM4001A – Act as a buyer’s agent
CPPDSM4018A – Prepare and present property reports
CPPDSM4019A – Prepare for auction and complete sale
CPPDSM4020 – Present at Tribunals
CPPDSM4022A – Sell and finalise the sale of property by private treaty
CPPDSM4049A – Implement maintain plan for managed properties
CPPDSM4056A – Manage conflict and disputes in the property industry
You are required to have the 3 Agent Representative Course Units prior to enrolling into this Full Licence Process. In order to receive the qualification, you must successfully complete 24 units of competency. The 3 units that you will already have and which we will credit transfer are:
CPPDSM4080A – Work in the real estate industry
CPPDSM4008A – Identify legal and ethical requirements of property sales to complete agency work
CPPDSM4007A – Identify legal and ethical requirements of property management to complete agency work
We will discuss and provide you with all the information for the Credit Transfer process during Pre-Enrolment.
Why get your Real Estate Licence?
The real estate landscape is changing, increasing the need for agents to have an extensive and powerful personal brand. Agents with a Real Estate Full Licence are Earning more by protecting their fee and gaining better listings by using their full licence. Vendors are now choosing who to entrust their property with based on the agent’s personal brand, before even meeting with the agent.
Agents that are marketing themselves as a Fully Licensed Real Estate Agent are strengthening their personal brand, winning more listings and are protecting their fee.
Many agents are seeing the massive financial benefits of becoming an Independent Contractor, this requires your Real Estate Full Licence.
Find out more
The Government has changed the training package.
CPP40307 Certificate IV in Property (Real Estate) has been superseded by CPP41419 Certificate IV in Real Estate Practice.
What does this mean for you?
You can still enrol and complete the current course as it is the educational requirement and is still recognised by Consumer Affairs Victoria and the Office of Fair Trading in Queensland and New South Wales. For students who enrol 1 March 2021 onwards you must complete by 1 September 2021. From 30 September 2021 RTO's will no longer be able to deliver the current course and issue results from CPP40307 Certificate IV in Property Services (Real Estate).
If you enrol and complete your course before 1 September 2021 you will not be affected.
What if you don't complete by 1 September 2021?
If you do not complete your course by 1 September 2021, you will need to complete all the new educational requirements by Consumer Affairs Victoria and the Office of Fair Trading in Queensland and New South Wales. We will help you with any transition, however you will be required to enrol, pay and complete the new course. At the time of this post, Consumer Affairs Victoria and the Office of Fair Trading in Queensland and New South Wales haven't publicly announced what the new educational requirement will be after 30 September 2021 (historically there is a transition period of a few years for people that have the old qualification). We strongly recommend that you complete your course by 1 September 2021.