|Solicited rent bidding to be illegal in NSW|
The NSW Government has banned solicited rent bids and changed the rules for how rental properties can be advertised.
The new rules started on Saturday, 17 December 2022. If you are an agent:
These rules only apply to agents, not landlords.
Guidance to reduce data breach risk
Property agencies collect and sometimes retain large amounts of personal information. Following major cyber incidents and data breaches affecting customers across Australia, it’s more important than ever that property agencies increase cyber security.
To reduce the risk to business and the public, it’s critically important that agents securely store personal information, as required by law, and destroy or de-identify it as soon as possible.
Elevating property services through Continuing Professional Development (CPD)
Education and training for the property services industry is changing from early next year.
From 23 March 2023, the CPD requirement for Class 1 and 2 agents is four hours training on compulsory topics. The training must be from an approved provider and include an assessment activity.
Training must be delivered face to face, in a room or webinar. Licensees who cannot attend these forums must do at least 10 hours of learning online.
In addition, new Supervision Guidelines will require Licensees in Charge to keep a training plan for all the agents they supervise.
Strata scheme reporting due by 31 December
A reminder that strata scheme reporting for key building, management and safety information is due on the NSW Government Strata Hub by 31 December.
You can report individually on the Strata Hub, or for 20 or more strata schemes, through a ‘bulk upload’ using software to connect to the Strata Hub, or Microsoft Excel.
Remember to log into the Strata Hub to review your responses and complete the relevant declarations and payments.
To find out more, visit the Reporting multiple schemes page.