On 19 December 2019 NSW Fair Trading issued letters to licensed Corporations and Stock and Station agents regarding the new real estate and property industry law reforms in NSW that will take effect on 23 March 2020.
This will be the biggest change since 1941 when the Government started regulating property legislation.
During this video we dissect how this new reform will affect the operations of your agency, the type of license you will require, and CPD obligations for each real estate license category, including:
- Changes to Corporation license`
- Class 1 license opt-in and multiple licenses
- Class 2 transitions
- Assistant Agent transitions
- New powers to NSW Fair Trading, and
- New restricted training categories.
We look forward to sharing more news and information with you in 2020, and supporting you in your endeavours to meet the requirements of this legislation.
From the team at Leverage Group, we wish you a happy and safe holiday and a prosperous New Year.