Do you have a system in place to maintain records of all employees? What records do you need to keep?
The Property and Stock Agents Act 2002 (and the Supervision Guidelines) specify that a Licensee-In-Charge must maintain a record of all licence and certificate holders employed within the business.
A record should kept of the following:
The L.I.C of the business or each area of the business
Date they commenced / ceased being L.I.C
What category of Licence each L.I.C holds
Details of all licences and certificates held by agency staff
Records of employment start and end dates
Things to check:
Has NSW Fair Trading been notified of all Licensees in Charge?
Do you have a current corporation licence? (if required)
Are all staff members licences and certificates current?
Does the L.I.C hold the licence categories for all services offered by the agency?
Do all certificate and licence holders hold the correct categories for the services that they are offering?
Do you have a copy of all licences, certificates and completed CPD?
Do you have a CPD register and a system in place to keep track of licence renewal dates?
CPD records for each Licence holder should be kept of 3 years
CPD records for assistant agents should be kept for 4 years.
All certificate holders must complete at least 3 units of competency towards their licence each CPD year.
All Class 2 agents must complete 4 hours of CPD
All Class 1 agents must complete 4 hours of CPD
Need to add a category on to your Licence or Certificate?
Let us help! We offer training to add either Stock & Station or Real Estate Categories on to existing licences or certificates.
Need more information or help to arrange CPD training? Give us a call on (02) 4872 1495 or send an email to info@uniquetrainingproviders.com.au.
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