Estate Agent Licence
Estate Agent Licence
To meet the academic requirements to gain an estate agent’s licence, you must complete the current course Certificate IV in Property Services (Real Estate)
You must have gained the aggregate of at least 12 months full-time experience as an agent’s representative in Victoria at any time during the last three years immediately before applying for a licence.
The role of an estate agent is to:
- act on behalf of owners and landlords to arrange the sale or lease of property including houses, buildings, factories, shops, farms, land and businesses
- act on behalf of buyers when engaged as a buyers agent or advocate to negotiate the purchase of property
- provide market appraisals of properties and businesses for clients
- negotiate the sale or lease of properties and businesses
- collect rents and manage rental properties.
To operate your own agency or be licensee in charge you must hold an estate agent’s licence to carry out these activities.
Application for a Victorian Real Estate Agent licence can be completed online through Consumer Affairs Victoria.
You must not conduct business as an estate agent unless the Business Licensing Authority (BLA) grants you a licence.
The Victorian Real Estate Training College is a leading provider of training in the Australian Real Estate industry. We offer flexible online learning where you study in your own time, at your own pace. All course material is accessible via our website ensuring students receive the most up to date information
Course outcomes and pathways
Successful completion of the Estate Agent Licence course – CPP40307 Certificate IV in Property Services (Real Estate) - meets the educational requirements needed for application to the Consumer Affairs Victoria for a Real Estate Agent Licence.
Being a holder of a Estate Agent Licence can provide you with many benefits, including owning and operating your own real estate agency or employment as a Licensee.
Upon completion of the course students are awarded the qualification CPP40307 Certificate IV in Property Services (Real Estate).
The qualification contains the following units of competency:
- 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
- CPPDSM4080A Work in the real estate industry
- CPPDSM4009 Interpret legislation to complete work in the property industry
- 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
- 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
- CPPDSM4018A Prepare and present property reports
- CPPDSM4019A Prepare for auction and complete sale
- CPPDSM4020A Present at tribunals
- CPPDSM4022A Sell and finalise the sale of property by private treaty
- CPPDSM4049A Implement maintenance plan for managed properties
- CPPDSM4056A Manage conflict and disputes in the property industry
- BSBRKG304B Maintain business records
- BSBSMB406A Manage small business finances
- CPPDSM4001A Act as a buyer's agent
The maximum nominal hours to complete the 24 competencies are 685. Students undertaking the course take approximately 12 to 14 weeks to finish, however, there is no time restriction, and students may choose to complete studies sooner or to take longer. However, there is no time restriction and you may choose to complete studies in more or less time.
Recognition of prior learning
You may be eligible for recognition of prior learning (RPL). RPL is the formal recognition that your current knowledge and skills meet the requirements of a given unit of competency. It does not matter how you achieved your current level of knowledge and competence – formal training, on-the-job training, self study, work experience, life experience. What does matter is that you are able to provide evidence that your knowledge and competence meet the requirements of a particular unit of competency (competency standard). When you have provided this evidence and it has been accepted as proving your knowledge and skill in a particular area, you will be given credit for a specific competency without having to engage in further study. For further information, please review the RPL application form located in main menu.
Legislative and licensing requirements
To be eligible for an estate agent's licence, you must satisfy the experience and current academic qualification requirements.
You are automatically ineligible to be licensed if you are:
- under 18 years of age; or
- a represented person under the Guardianship and Administration Act 1986 (where a guardian or administrator has been appointed); or
- as an individual or as a director or officer of a company, currently disqualified from holding an estate agent's licence (or equivalent) anywhere in Australia or elsewhere, or the subject of an order by any regulatory body disqualifying you or the company from acting as an estate agent or equivalent.
You may also be ineligible if:
- you are currently insolvent under administration (bankrupt, debt agreements under Part IX or Part X); or
- within the last 10 years, you have been convicted or found guilty (whether or not a conviction was recorded) of a disqualifying offence involving fraud, dishonesty, drug trafficking or violence which is punishable by imprisonment for three months or more (whether or not a sentence of imprisonment was imposed); or
- you have ever had a claim admitted against you from the Victorian Property Fund or Estate Agents' Guarantee Fund.
The application fee for 1 July 2017 to 30 June 2018 is $432.70.
The application fee must be paid at the time of application. The fee is non-refundable.
The NSW Real Estate Training College is a leading provider of training in the real estate industry offering flexible online learning where students study in their own time, at their own pace. All course material is accessible via our website ensuring students receive the latest most up to date information.
Training and assessment
There is a combination of assessment tasks that require written responses and include:-
- multiple choice questions
- short answer questions
- and a combination of the following:-
- case study
- written demonstration
- workplace project
Assessment is competency based. Competency-based assessment is largely activity-based and practical. However, competence also implies that an individual demonstrates an understanding of the knowledge that is the basis of the practical task being carried out
Students are assessed according to whether or not they have achieved the performance criteria for each element specified in the units of competency they are undertaking. This method of assessment judges performance against a prescribed standard, not against other students. Students are assessed as 'competent' or 'not yet competent'.
It is the responsibility of the assessor to ensure all aspects of the assessment process are
Assessment is conducted within approximately 48 hours of submission.
Completed assignment may be uploaded onto the website for marking (there is a 8MB upload limit), emailed or posted to the College.
How to enrol
- Create a new account, or log on if you have a username and password
- click on the course name and Submit payment
- Complete an enrolment form (located in the main menu)
Recognition of prior learning
You may be eligible for recognition of prior learning (RPL). RPL is the formal recognition that your current knowledge and skills meet the requirements of a given unit of competency. It does not matter how you achieved your current level of knowledge and competence – formal training, on-the-job training, self-study, work experience, life experience. What does matter is that you are able to provide evidence that your knowledge and competence meet the requirements of a particular unit of competency (competency standard). When you have provided this evidence and it has been accepted as proving your knowledge and skill in a particular area, you will be given credit for a specific competency without having to engage in further study.
For further information, please review the RPL application form located in main menu.
Client support services
If you find you need assistance you are welcome to contact us by email, via our online chat service or take advantage of our 24 hour, 7 days a week student phone support. We provide mentoring service and assistance in the areas of language, literacy and numeracy.
Macdonald Education Pty Limited (trading as Victorian Real Estate training College) is committed to protecting the privacy of all of our students. When handling personal information we act in accordance with the provisions of the Privacy Act 1988 (Cth).
Need more information?
For further information on the College, programmes offered and College policies, please refer to the ‘Student Handbook’ located in main menu of our website.
Or call us at our central office on 02 9479 9702.
Course Cost: $1795.00
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