Why should I do this course ?
[please see
attached article from the latest edition of MPA
Magazine]
Where a
person (or entity) is part of the process of buying and selling
real estate on behalf of another, for reward - they must hold a
licence in the jurisdiction where they are conducting business (and in the
case of NSW, this can also be satisfied by holding registration under a licensed
entity).
In fact, throughout
Australia, the buying and selling of real estate is strictly regulated by
state/territory based legislation. Although expressed differently in
each jurisdiction, the principles are essentially the
same.
The compliance
threshold is extraordinarily low - in that it requires any person who 'induces
or attempts to induce' a person to buy and sell property, to hold a licence/be
registered.
The sale of property
without a licence constitutes a clear and easily identifiable breach, which can
and does incur significant penalties.
The new Minister for Fair
Trading (OFT ) Virginia Judge, has instigated a renewed drive
to stamp
out non- compliance in the Real Estate sector. Below
are links to some more recent OFT media release in the
ongoing campaign to prosecute, fine and
de-licence offenders ... and from one of these media releases, the
Minister is quoted as saying, [T]here is never any excuse for not complying with
the law and I have instructed Fair Trading to take action where necessary.
Rogue real estate agent disqualified for a
decade
Fair Trading fines Broken Hill stock and station
agents
Real
estate blitz a matter of trust
As such, if you are
currently involved in income generation via real estate transactions, or are
planning to become involved - you risk the possible consequences of
non-compliant activity, if you are not either licensed or
registered.
The good
news
The good news is
that in order meet compliance standards in this regard, it's
not difficult at all. With the creation of a purpose designed course,
specifically aimed at Mortgage Brokers, offered by a specialist RTO (Registered
Training Organisation) - attendees are entitled to apply for a Buyers
Agent Licence under the NSW Property, Stock and Business Agents Act after
successfully completing 3 days training . In doing so, a graduate of the
course, who then applies for and is, granted their licence, will meet
the minimum legal and compliance standards required by the
legislation.
Course dates
The 2
non-consecutive dates of the next 2 day course are :
First Day 16th
October
Second Day
23rd October
For more information
or to reserve you seat email on enquiries@collegeaus.com
