New regulations for real estate agents in Victoria

By Our Reporter
Suburban Street with new modern houses on a beautiful sunny day

The Victorian Government has increased the training requirements for new estate agents, and agents’ representatives, to ensure the industry continues to deliver high quality services.

Minister for Consumer Affairs Melissa Horne on October 21 announced the new regulations, which set out the units and courses needed for new estate agents to become licensed and a person to be eligible to be an agent’s representative.

The new education regulations aim to reduce risks to vulnerable tenants, deliver improvements to the industry and decrease disputes between consumers and agents.

The regulations reflect significant changes to the previous requirements due to the release of a new national skills and training package in 2019, which was endorsed by the Australian Industry Skills Committee and is being incorporated across all jurisdictions.

Previously, estate agents needed to complete a course of 24 units, while agents’ representatives are completing a course comprised of three units.

The new regulations increase the units to 30 for estate agents and 18 for agents’ representatives.

The new units also allow for greater flexibility by providing for three electives of choice in the Certificate IV in Real Estate Practice.

The regulations were made after feedback and consultation with the real estate industry and other interested parties.

(Media release)

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