Business Broking Agent Licence
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 Business Agent Licence course meets the educational requirements needed for application to the NSW Office of Fair Trading for a Business Agent Licence.
Being a holder of a NSW Business Agent Licence can provide you with many benefits, including owning and operating your own business broking agency or employment as a Licensee.
Upon completion of the course students are awarded the qualification CPP40507 Certificate IV in Property Services (Business Broking).
The following 7 modules must be completed:
- CPPDSM4029A Appraise business
- CPPDSM4053A List business for sale
- CPPDSM4060A Negotiate sale and manage sale to completion or settlement
- CPPDSM4061A Obtain prospects for listing
- CPPDSM4069A Promote and market listed business
- CPPDSM4079A Work in the business broking sector
- BSBCUS401 Coordinate implementation of customer service strategies
Provided you can supply evidence of holding your Real Estate Agent licence, you will receive automatic exemption from completion the following modules:
- CPPDSM4006A Establish and manage agency trust accounts
- CPPDSM4008A Identify legal and ethical requirements of property sales to complete agency work
- CPPDSM4015B Minimise agency and consumer risk
- BSBLED401 Develop teams and individuals
- BSBSMB406 Manage small business finances
Students undertaking the course take approximately 3 - 5 weeks to finish. However, there is no time restriction and you may choose to complete studies in more or less time.
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 can be uploaded onto the website for marking or you can email your assignment to us and we can upload it for you.
Assessment is conducted within approximately 48 hours of submission.
Recognition of prior learning
You may be eligible for recognition of prior learning (RPL) if you have worked in the Business Broking sector before. 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
For licensing purposes, the work of a business agent includes the selling, buying or exchanging or disposing of businesses or professional practices and negotiating for the sale, purchase, exchange or disposition of businesses or professional practices or any share or interest in or concerning or the goodwill of or any stocks connected with businesses or professional practices. (Section 3 of the Property, Stock and Business Agents Act 2002 ).
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 $530 in person and $509 online (as of July 2018).
Student support services
If you find you need assistance you are welcome to contact us by email, our online chat service 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.
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: $795.00
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