New regulations setting out education requirements for estate agents and agents’ representatives in Victoria come into force from 21 October 2020.
The new Regulations draw on a new property services training package for the real estate industry that was developed following a national review. The new Regulations prescribe:
- the courses of instruction for licensing estate agents
- the courses of instruction for eligibility to be employed as an agent’s representative
- exemptions from the prescribed requirements.
The new Regulations substantially increase the educational requirements for estate agents and agents’ representatives.
An exposure draft of the proposed Regulations and an accompanying regulatory impact statement were released for public consultation on Engage Victoria. Thirty-seven submissions were received.
After carefully considering all submissions, several changes were made to the exposure draft. Further details on the changes are available on Engage Victoria.
Exemptions will continue to apply for those who have completed previously prescribed courses of instruction. This includes the following courses currently prescribed in the interim Regulations:
- the Certificate IV in Property Services (Real Estate) for estate agents
- the three prescribed units of competency for agents’ representatives.
Registered training organisations can deliver the current or new courses up to end of the transition period on 30 September 2021. After that date, registered training organisations will only be permitted to deliver the new courses.
The new Estate Agents (Education) Regulations 2020 are available from Victorian Legislation.
Information in the following pages has been updated to reflect changes in the new Regulations: