BECOMING A LICENSED REAL ESTATE AGENT
Being a licensed Real Estate Agent has many advantages. You are more highly regarded in the industry with the opportunity of a greater earning capacity, more options in your work structure, and are able to own and operate your own business.
Under The Hammer Training offers programs that meet the licensing requirements as set out by the state regulators. Learning from some of the best in the business, our trainers are highly qualified with years of quality experience; some still currently active in real estate roles.
Our years of real estate knowledge is exhibited through our training techniques with our practical assessments all being based on real life experiences in the industry. Specialising in this designated field, Under The Hammer Training’s sole focus is training and developing real estate professionals regardless of whether they have just entered the industry or are an accomplished agent looking to advance to the next level.
For those currently working in real estate, Under The Hammer Training offers an effective portfolio-based approach that looks at your current and past work experience, knowledge and skills that may reduce the amount of time and units required to complete the course.
- VIC Real Estate Agent Licence
- IMPORTANT VIC LICENCE REFORMS
- Experienced Agents Licence Program (EALP)
- Recognition of Prior Learning (RPL)
- Unique Student Identifier (USI)
- Victorian Student Number (VSN)
- Course Fees
- Method of Delivery
VIC ESTATE AGENT LICENCE
CPP40307 Certificate IV in Property Services (Real Estate)
To be eligible for this course applicants will need to have worked as an Agent’s Representative full-time for at least the previous two consecutive years.
There are 24 Units of competency required for licensing in Victoria as prescribed in regulations by the Business Licensing Authority (BLA) of Consumer Affairs Victoria. On successful completion of Victoria Estate Agent Licensing Program, you will be awarded a Certificate IV in Property Services (Real Estate) CPP40307 which is a nationally recognised qualification.
If you are an experienced real estate professional currently working in the industry, we provide a fantastic opportunity to upgrade to a full real estate agent’s licence using a combination of Recognition of Prior Learning (RPL) and gap training.
This course is made up of 24 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|
|BSBRKG304||Maintain business records|
|BSBSMB406||Manage small business finances|
|CPPDSM4001A||Act as a buyer's agent|
|CPPDSM4005A||Establish and build client-agency relationships|
|CPPDSM4006A||Establish and manage agency trust accounts|
|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|
|CPPDSM4020||Present at tribunals|
|CPPDSM4022A||Sell and finalise the sale of property by private treaty|
|CPPDSM4049||Implement maintenance program for managed properties|
|CPPDSM4056A||Manage conflicts and disputes in the property industry|
VICTORIA REAL ESTATE REFORMS COMMENCE 1 OCTOBER 2021
What does this mean for Agents?
From September 2021, It's going to get a whole lot harder to become a licensed agent if you do not or have not held a real estate licence previously.
Entry level requirements as we currently know them are scheduled to change also.
- 1. The Agent Representative certificate will require the full CPP41419 Certificate IV in Real Estate Practice (18 units). This has been established as the new entry level course
- 2. To become a fully licensed agent, it will be a requirements to complete both the CPP41419 Certificate IV in Real Estate Practice (18 units), and CPP51119 Diploma of Property Agency Management (12 Units)
The full extract of the regulation can be viewed by clicking here
Important aspects to note:
Agents currently enrolled in or agents who commence and complete the current qualification CPP40307 Certificate IV in Property Services (Real Estate), will need to complete their qualification prior to September 30 in order to be eligible for issue of a Real Estate Licence.
EXPERIENCED AGENTS LICENCE PROGRAM
Experienced agents looking to obtain their real estate licence are invited to partake in our Experienced Agents Licence Program (EALP).
For those already working in the real estate industry, the prospect of completing lengthy assessments that mirror daily work can feel gruelling and pointless. Under The Hammer Training’s portfolio-based approach to assessment allows experienced students to combine written knowledge assessments with a collection of actual work samples, photographs/videos, stories of practice, logbooks and supervisor reports to demonstrate their competence.
This workplace-based delivery mode means that our students are actively progressing towards completing their courses every day they go to work and perform their relevant duties. Consequently, students complete their qualifications as quickly as it takes them to collect the relevant practical evidence and complete their knowledge assessments.
Participants must be able to demonstrate at least 2 years of consecutive practical experience in either sales or property management.
Participants must be able to provide documentation to support their industry experience.
Participants must be able to have a third party observation report completed by either a supervisor or their licensee in charge.
Participants must be current in the Real Estate industry, confirming that they have not been inactive for a period in excess of the past 12 months.
RECOGNITION OF PRIOR LEARNING (RPL)
Use your industry experience and knowledge to save study time.
Recognition of Prior Learning (RPL) is a process where experience, skills and knowledge that you may possess through work and life experience, or other unrecognised training can be formally recognised. This can be for a single unit of competency, part of a qualification or a full qualification.
Evidence must be provided and assessed against the relevant training package requirements, and a gap analysis is conducted to determine any voids in competency. The learner may then be awarded full or partial RPL competency. Where gaps exist, the learner must undertake the required training and assessments in order to be awarded competency in that particular unit.
All learners training with Under The Hammer Training may apply for recognition of prior learning, and are requested to completed a pre-enrolment questionnaire. By completing this questionnaire, it assists our trainers with the evaluation of your education levels, work experience (past and present), and current skills and knowledge, which will allow them to work with you through the recognition process.
Experienced agents completing training are invited to apply for RPL Assessment which will determine how much of their industry experience can be recognised as prior learning towards the allocated units.
For more information regarding Recognition of Prior Learning (RPL), please contact our support staff who can arrange for you to talk to one of our qualified assessors.
UNIQUE STUDENT IDENTIFIER (USI)
If you are a new or continuing learner undertaking nationally recognised training, in order to receive your qualification or statement of attainment you will require a Unique Student Identifier (USI). If you don’t have a USI we will not be able to issue your qualification or statement of attainment.
Your USI will give you access to an online record of the training you have done since 1 January 2015. You will also be able to produce a comprehensive transcript of your training. This can be used when applying for a job, seeking a credit transfer or demonstrating pre-requisites when undertaking further training.
Collecting and reporting a student’s Unique Student Identifier (USI) is a requirement under Commonwealth legislation and a condition of your enrolment.
Creating a Unique Student Identifier (USI) only takes a few minutes and is free. It only needs to be created once and will stay with you for life, so you use this USI every time you enrol into a nationally recognised training program. This applies to:
- New students
- Pre-enrolled students
- Continuing students
- School students completing nationally recognised training
Creating your USI
You can create your USI here: usi.gov.au or you can give permission for Under The Hammer Training to do it for you by providing us with a copy of your ID.
More Information on the USI:
VICTORIAN STUDENT NUMBER (VSN)
What is a Victorian Student Number (VSN)?
The Victorian Government has legislated and implemented a Victorian Student Number (VSN) for students in Victoria below the age of 25 years.
New or continuing learners living and training in Victoria under the age of 25 years who are undertaking nationally recognised training are required to have and supply a VSN. If you do not know or have a VSN we will be able to obtain one for you once you complete your enrolment.
A VSN is not the same as a USI so all learners under 25 in Victoria are required to have both.
A VSN is a nine-digit student identification number that is unique to each student and will be used as a key identifier on a student’s records. It will remain with the student throughout their education, until reaching the age of 25 at which point the student’s VSN will be retired.
How to Obtain your VSN
You may obtain your VSN by emailing the Victorian Student Number Operations Team. You will need to attach a photo identification and state your full name, date of birth and the name of the school you last attended in Australia
Contact VSN Team
Please note:The VSN is necessary for school, TAFE and Registered Training Organisation’s (RTO’s) enrolments. VTAC does not require the VSN for university entrance enrolments, for VTAC applications you will need your VCAA student number. Your VCAA student number is located on your VCE Statement of Results and can be obtained from your school VCE Coordinator or by contacting the Student Records and Results unit by email to firstname.lastname@example.org
VIC REAL ESTATE LICENSING PROGRAM
Face to Face Course Fees: $2,500.00
All students will receive materials prior to scheduled class/session times. Access to additional resources will also be given prior to classes commencing. All students are required to attend classes with a laptop in order to complete and submit assessments.
Individual sessions may also be completed for individuals and groups utilising zoom.
Online / Correspondence Course Fees: $1,800.00
Students once enrolled, will be given access to the online portal where they will be able to access all necessary resources as well as being able to complete assessments. As part of the online course, students will be able to send queries to a trainer / assessor should they require assistance.
Upon successful completion of all relevant units, students are issued with the appropriate qualification certificate or statement of attainment.
Experienced Agents Licence Program: $2,500.00
Students once enrolled, will partake in an RPL / Portfolio Assessment process. They may be required to obtain particular evidence, complete an interview process as well as potentially a third party observation report. The completion of of the remainder of the course will be done direct with one of our expert trainers.
Should a student wish to withdraw from training or cancel their enrolment, the student will still be liable for full course fees after commencement. Commencement is defined as the receipt of our Welcome Pack which includes the Student Handbook and Course Materials.
Method of Delivery
Utilising our user friendly online training portal, students are able to complete their training courses inn their own time at their own pace. Via the portal students will also have access to trainers via email who are able to assist with any queries that arise.
Zoom one on one training.
Accommodating busy schedules, we can facilitate your real estate training by zoom, offering a one on one personalised delivery. Ideal for offering flexibility and for agents working in remote areas unable to attend classes. Following the same structure as the classes, students will work directly with a trainer while completing assessments throughout the session.
***EXPERIENCED AGENT COURSE COST $1500 contact Admin@underthehammer.net.au for special price enrolment link***