Is it enough?

Discussion in 'Investor Psychology & Mindset' started by balwoges, 5th Nov, 2016.

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  1. balwoges

    balwoges Well-Known Member

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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    The disparity in the requisite qualifications for registration between the states is one reason why we can't get a national standard for REAs.

    NSW and some other states require that all agents undertake cpd annually to keep their knowledge up to date with changes in legislation or on particular issues.

    This is a move in the right direction.
     
    Last edited: 5th Nov, 2016
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  3. LifesGood

    LifesGood Well-Known Member

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    I still don't think it's enough. Those current requirements are pathetic.

    In WA you do a face to face course for 8 days plus a decent sized assessment to complete outside of the class. From memory I believe this is 7 units.

    To obtain my full licence I had to complete a diploma which was an additional 19 units, all with large assignments, along with a minimum of two years experience.
     
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  4. balwoges

    balwoges Well-Known Member

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    Its the property management qualifications that aren't nearly enough, that's why there are so many complaints from landlords and tenants. Was taught the laws applicable at that time and how to present a case at a Tribunal or Magistrates Court [as was the case in my time], this should be compulsory learning.

    I was a senior pm and earned top dollar, is the grade system still in use?
     
    Last edited: 5th Nov, 2016
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    PM is only covered in the diploma/certificate with the focus on trust accounting and forms/legislation.

    Procedure is left to the agency.