Qualification details

CPP51119 - Diploma of Property (Agency Management) (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 21/Mar/2019

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes CPP50307 - Diploma of Property Services (Agency Management)Supersedes and is not equivalent to CPP50307 Diploma of Property Services (Agency Management), CPP50409 Diploma of Property Services (Business Broking) 20/Mar/2019
Supersedes CPP50409 - Diploma of Property Services (Business Broking)Supersedes and is not equivalent to CPP50409 Diploma of Property Services (Business Broking), CPP50307 Diploma of Property Services (Agency Management). 20/Mar/2019


Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssential
BSBADV507 - Develop a media planDevelop a media plan Elective
BSBHRM505 - Manage remuneration and employee benefitsManage remuneration and employee benefits Elective
BSBHRM513 - Manage workforce planningManage workforce planning Elective
BSBHRM604 - Manage employee relationsManage employee relations Elective
BSBMGT502 - Manage people performanceManage people performance Elective
BSBMGT517 - Manage operational planManage operational plan Elective
BSBMGT605 - Provide leadership across the organisationProvide leadership across the organisation Elective
BSBMKG507 - Interpret market trends and developmentsInterpret market trends and developments Elective
CPPREP4507 - Provide property sustainability information in real estateProvide property sustainability information in real estate Elective
CPPREP5001 - Manage compliance in the property industryManage compliance in the property industry Core
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 612113 Real Estate Agency Principal 
ASCED Qualification/Course Field of Education Identifier 0805 Sales And Marketing 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Real Estate,Property Management 
Taxonomy - Occupation N/A Real Estate Agency Manager,Stock and Station Agency Director,Strata Managing Agent,Business Broker 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 612113 Real Estate Agency Principal 21/May/2019 
ASCED Qualification/Course Field of Education Identifier 0805 Sales And Marketing 21/May/2019 
Qualification/Course Level of Education Identifier 421 Diploma 21/Mar/2019 
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Modification History

Release 1

This version first released with CPP Property Services Training Package Release 8.0.

Supersedes and is not equivalent to:

  • CPP50307 Diploma of Property Services (Agency Management)
  • CPP50409 Diploma of Property Services (Business Broking)

Qualifications were merged to reduce duplication and to provide clearer alignment with licensing outcomes.

Qualification Description

This qualification reflects the role of real estate principals who apply knowledge of property agency and compliance requirements, ethical standards and consumer preferences to establish and control real estate functions.

This qualification applies to residential or commercial practice in real estate sales, real estate property management, strata management, business broking, stock and station, or auctioneering.

Occupational titles may include:

  • Real Estate Agency Principal
  • Strata Management Principal
  • Agency Manager
  • Agency Director.

Staff who hold this qualification are responsible and accountable for the work of others and are engaged with:

  • understanding business systems, structures, property agency practices and business entities
  • understanding legal and ethical frameworks for property agency operations
  • developing systems, procedures and protocols for managing property agency functions
  • establishing and controlling trust accounts and property agency business finances
  • coordinating ethics, risk and consumer protection systems to meet industry legal and customer expectations and requirements
  • developing and maintaining knowledge of industry trends
  • developing and maintaining relationships with lessors, tenants, vendors and buyers, buyers agents
  • establishing and implementing strategic business plans and operational plans
  • establishing and implementing agency and individual branding
  • leading and managing people, including recruitment, induction, coaching and mentoring for teams and individuals
  • managing work health and safety (WHS) risk to ensure a safe working environment in the real estate industry.

Licensing, legislative, regulatory or certification requirements 

Licensing, legislative, regulatory or certification requirements apply to real estate practices in all states and territories. Relevant state and territory regulatory authorities should be consulted to confirm those requirements.

Entry Requirements

Packaging Rules

To achieve this qualification, competency must be demonstrated in:

  • 12 units of competency:
  • 7 core units
  • 5 elective units.

The elective units must ensure the integrity of the Australian Qualifications Framework (AQF) qualification alignment, contribute to a valid, industry-supported vocational outcome and are to be chosen as follows:

  • a minimum of 3 elective units must be chosen from the elective units listed below
  • up to 2 elective units may be chosen that are packaged in other current Diploma or Advanced Diploma Training Package qualifications provided they do not duplicate the outcome of another unit chosen for the qualification.

Core units 

CPPREP5001

Manage compliance in the property industry

CPPREP5002

Establish and monitor property industry trust account management practices

CPPREP5003

Manage ethical practice in the property industry

CPPREP5004

Manage a safe workplace in the property industry

CPPREP5005

Manage teams in the property industry

CPPREP5006

Manage operational finances in the property industry

CPPREP5007

Develop a strategic business plan in the property industry

Elective units  

BSBADV507

Develop a media plan

BSBHRM505

Manage remuneration and employee benefits

BSBHRM513

Manage workforce planning

BSBHRM604

Manage employee relations

BSBMGT502

Manage people performance

BSBMGT517

Manage operational plan

BSBMGT605

Provide leadership across the organisation

BSBMKG507

Interpret market trends and developments

CPPREP4507

Provide property sustainability information in real estate

CPPREP5008

Market the property agency

CPPREP5009

Develop a marketing and service strategy in real estate

CPPREP5010

Manage customer service activities in the property industry

Qualification Mapping Information

CPP Property Services Training Package Release 8.0 

CPP07 Property Services Training Package 

Comments 

Equivalency statement 

CPP51119 Diploma of Property (Agency Management)

CPP50307 Diploma of Property Services (Agency Management)

CPP50409 Diploma of Property Services (Business Broking)

Supersedes and is not equivalent to CPP50307 Diploma of Property Services (Agency Management) and

CPP50409 Diploma of Property Services (Business Broking).

Qualifications merged to reduce duplication. Updated to the Standards for Training Packages.

N

Links

An Implementation Guide to this Training Package is available at - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=6f3f9672-30e8-4835-b348-205dfcf13d9b

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