On the 5th of September, our Real Estate Training Specialist, Robin Ram, attended an information session around the soon to be released changes to the current 2007 Real Estate Services Package. In its final stage and with only small changes coming, the new package should roll out nationally early in 2019. Our regulating body, the Department of Mines, Industry Regulation & Safety (DMIRS) will then decide how to implement this into Western Australia and the registration of the real estate sales person, the property manager and the licensed agent requirement for becoming a triennial holder.
The presentation highlighted the number of total units on offer drop from 112 to 70, but have specialised ‘streams’ of training where potential sales people and property managers could select appropriate units to match their intended path. For example, a buyer’s agent could select appropriate units just as someone wanting to head into commercial property management could also pick their units. Final call on what will be registered in WA lies with DMIRS and how they wish to implement this.
The Certificate III in Real Estate Practice would be aimed at admin support personnel, which would consist of units mixed between business and property. This could be a great entry point for school leavers and admin focused staff. The Certificate IV in Property Services would see differing streams of specialised units on offer to reflect changes in the market, some management skills and also a drop from 24 total units to 18. Diploma students, looking to potentially become a licensee one day, would receive more training around the operating of an agency an the obligations of the “Agent in Charge”.
Strata is key component of the Diploma package with the trend in smaller lot development and apartment living. Some of the other major changes involve knowledge around potential discrimination in tenant selection, database usage, technology in real estate and a key focus on the areas of client, consumer and community at large.
The anticipated volume of work required will most likely increase. This has seen a spike in recent enquires around the sales registration, the property management registration, and also the Diploma of Property Services. Our recognition of prior learning model has been very popular recently with skilled real estate personnel furthering their qualifications.
If you are looking to get into real estate as a career, looking to upskill or just have some questions around real estate qualifications, please contact our Real Estate Training Specialist, Robin Ram on 6460 0965.
We look forward to helping you become a real estate sales person, a property manager or license holder in Western Australia.