South Australia’s change of laws around property manager registration has sent the industry into a frenzied freak-out, with training organisations sending out different (and sometimes conflicting) information to the industry, and some accused of “scare mongering”.
We sat down with Industry Advocate and owner of the South Australian Property Management Community Facebook group, Brett Wheatland, to go over a number of key questions around property manager registrations.
I’m not currently managing Property, only Assisting, do I need to be Licensed ?
Yes, a Property Manager means a person who, for or on behalf of an agent:
(a) grants leases, tenancy agreements or licence agreements in relation to land (whether or not that land is to be used for residential purposes or for the purposes of a business); or
(b) induces or attempts to induce, or makes representations or negotiates with a view to inducing, a person to enter into such leases or agreements; or
(c) ensures compliance with the terms and conditions of such leases or agreements; or
(d) performs a function of a kind prescribed by regulation for the purposes of this paragraph.
and performs any of the functions of a property manager on behalf of the agent.
Ref: Land Agents (Registration of Property Managers and Other Matters) Amendment Act 2017
I currently have my Sales License, do I need to do anything more?
Yes it is likely you will need to upgrade your existing registration to meet the minimum standard outlined by CBS. The following modules are the ones you will need to undertake in addition to your current qualifications:
CPPDSM 4011A –List property for lease
CPPDSM 4013A -Market property for lease
CPPDSM 4016A -Monitor and manage lease or tenancy agreement
CPPDSM 4020A -Present at tribunals
I currently have my full Agency License, does that require any further Training ?
Good news, If you hold a current land agent’s registration no further training is necessary.
I have completed some training in the past, are there specific modules I need recognition for before I apply for my License ?
The following Modules are considered “approved training” and outlined by CBS as follows, and your local RTO maybe able to assist you in determining whether or not you are eligible for Recognised Prior Learning.
CPPDSM 4007A – Identify legal and ethical requirements of property management to complete agency work
CPPDSM 4009B – Interpret legislation to complete agency work
CPPDSM 4010A – Lease property
CPPDSM 4011A – List property for lease
CPPDSM 4013A – Market property for lease
CPPDSM 4015B – Minimise agency and consumer risk
CPPDSM 4016A – Monitor and manage lease or tenancy agreement
CPPDSM 4017A – Negotiate effectively in property transactions
CPPDSM 4020A – Present at tribunals
What is the cut-off date that I need to make an application for my License ?
CBS recommends that you lodge your property manager registration application by 1st August 2019 as you will be required to be fully licensed by the 28th September and you should allow time for processing of your application.
How much will my License Cost?
Your licensed property manager registration will include an application fee of $290.00 and a Pre-Grant fee of $200.00 which means your first year’s application will be $490.00 and will cover you the full year starting from September. Lodging your application earlier will automatically cover you for the period leading up to and including September 2019 to account for the period in advance.
Do I need to have another Police Clearance done?
Your property manager registration for Licensing will require a National Police Certificate (NPC) that is no more than 12 months old.
I am super keen to get my License locked in, when can I apply?
From 1 February 2019 you can apply online at www.sa.gov.au/realestate
For questions regarding your property manager registration requirements, or to book in your further training, contact:
John Morris – Real Estate Training College
Editors Note: Real Estate News Group accepts no liability and gives no warranties or guarantees for the accuracy of this information regarding training, licensing or insurances. Your individual training needs and circumstances may vary and we recommend contacting your local accredited RTO and CBS to confirm your needs.