NSW On-Site Residential Property Manager Licence
(NSW OSRM)

NSW Real Estate Training College

On-Site Residential Property Manager Licence

About us

The NSW Real Estate Training College is a leading provider of training in the NSW and QLD real estate industry. We offer flexible online learning where you study in your own time, at your own pace. All course material is accessible via our website ensuring students receive the most up to date information

Course outcomes and pathways

Successful completion of the On-site Residential Property Manager Licence course, meets the educational requirements needed for application to the NSW Office of Fair Trading for an On-site Residential Property Manager Licence.

The course contains the following units of competency and upon completion students are awarded a Statement of Attainment:

    • CPPDSM3019B - Communicate with clients as part of agency operations - supersedes and equivalent to CPPDSM3019A
    • CPPDSM4080A Work in the real estate industry.
    • CPPDSM4005A Establish and build client - agency relationships
    • CPPDSM4006A Establish and manage agency trust accounts
    • CPPDSM4007A Identify legal and ethical requirements of property management to complete agency work
    • CPPDSM4010A Lease property
    • CPPDSM4015B Minimise agency and consumer risk - supersedes and equivalent to CPPDSM4015A
    • CPPDSM4016A Monitor and manage lease or tenancy agreement
    • BSBRKG304B Maintain business records
    • BSBLED401A Develop teams and individuals.

Students undertaking the course take approximately 4 - 6 weeks to finish. However, there is no time restriction and you may choose to complete studies in more or less time. 

Completion of this course will provide advanced standing in the Real Estate Agent Licence, Business Agent Licence and Stock and Station Agent Licence programmes. College staff can assist you in determining the pathways that are most appropriate for your career plan.

Training and assessment

Course assessment is competency based.  Competency-based assessment is largely activity-based and practical. However, competence also implies that an individual demonstrates an understanding of the knowledge that is the basis of the practical task being carried out.

There are a combination of assessment activities and tasks requiring written responses. Assessment tasks also contain scenarios that require you to demonstrate you can transfer knowledge into workplace situations.

Completed assignments are uploaded onto the website for marking – there is a 2MB upload limit - or you can email your assignment to us.

Assessment is conducted within approximately 48 hours of submission.

Recognition of prior learning

You may be eligible for recognition of prior learning (RPL).  RPL is the formal recognition that your current knowledge and skills meet the requirements of a given unit of competency. It does not matter how you achieved your current level of knowledge and competence – formal training, on-the-job training, self study, work experience, life experience. What does matter is that you are able to provide evidence that your knowledge and competence meet the requirements of a particular unit of competency (competency standard). When you have provided this evidence and it has been accepted as proving your knowledge and skill in a particular area, you will be given credit for a specific competency without having to engage in further study. For further information, please review the RPL application form located in main menu.

Legislative and licensing requirements

The Act defines an on-site residential property manager as a person (whether or not the person carries on any other business) who, for reward (whether monetary or otherwise):

a) carries on business as an agent for giving possession of residential premises under a lease, licence or other contract or

b) carries on business as an agent for collecting bonds, deposits, rents, fees or other charges in connection with any such lease, licence or other contract.

An on-site residential property manager’s licence is subject to the condition that the licensee must not carry on business as an on-site residential property manager in respect of premises unless:

a) the licensee’s principal place of residence is situated at those premises and

b) the licensee owns, or has an interest prescribed by the regulations in, that principal place of residence.

This condition prevents a person from being an on-site residential property manager for more than one residential complex. To do that, a person must hold a real estate agent’s licence.

All applicants for a personal licence must satisfy the Commissioner for Fair Trading that he/she is:

  • at least 18 years of age

  • a fit and proper person to hold a licence. Any person in partnership with a licensee in a property agency must also be a fit and proper person

  • has the qualifications required for the licence

  • is not a disqualified person

  • has paid the relevant contribution to the Property Services Compensation Fund.

The cost of applying for a Licence with the NSW Fair Trading is $520.00 in person and $499 online (as of July 2017).

Client support services

If you find you need assistance you are welcome to contact us by email or take advantage of our 24 hour, 7 days a week student phone support. We also provide mentoring service and assistance in the areas of language, literacy and numeracy.

Privacy Statement

Macdonald Education Pty Limited (trading as The NSW Real Estate training College) is committed to protecting the privacy of all of our students. When we handle personal information we act in accordance with the provisions of the Privacy Act 1988 (Cth).

How do I enrol?

  • Create a new account, or log on if you have a username and password

  • Submit payment

  • Complete an enrolment form (located in the main menu)

Need more information?

For further information on the College, programmes offered and College policies, please refer to the ‘Student Handbook’ located in main menu of our website.

Or call us 02 9987 2322.

 

 

Course Cost: $1350.00

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