As part of the reforms to the Strata Titles Act, new legislation will require minimum education requirements for everyone involved in the management of strata properties.
All licensed agents, sales representatives, and property managers (involved in the management of strata properties), and strata managers will be required to upskill to meet the new legislation requirements.
Previously there was no minimum education requirements for strata managers. This will mean Western Australian strata managers will be more adequately qualified and brings the sector into line with the rest of the WA real estate industry.
The new requirements will also enable those with existing property qualifications to upskill by completing strata specific units to complement their existing qualifications.
Who will be required to upskill?
Principals - qualified
If you are a qualified principal of business (of an agency managing strata properties) you will need to complete four units of competency as outlined in Schedule 4 of the Strata Titles (General) Regulations 2019.
Strata managers - qualified
If you are a qualified strata manager (but not the principal of business) you will need to complete three units of competency as outlined in Schedule 4.
Strata managers - unqualified
If you are an unqualified strata manager you will need to complete eight units of competency as outlined in Schedule 4.
What does qualified mean, according to the Regulations?
According to Schedule 4, a qualified person is:
- a person who holds a licence as a real estate agent under the Real Estate and Business Agents Act 1978 or who has obtained the necessary qualifications to hold that licence; or
- a local legal practitioner; or
- a person who holds a CPP40307 Certificate IV in Property Services (Real Estate); or
- a person who holds a CPP40611 Certificate IV in Property Services (Operations); or
- a person who holds a CPP41419 Certificate IV in Real Estate Practice.
This means for most strata managers, if you do not hold a licence or have not completed one of the qualifications mentioned above, you are considered to be unqualified and will be required to complete eight units of competency.
Please note, a current sales or property management registration does not deem you to be considered qualified according to Schedule 4.
What are the industry requirements?
For the full industry requirements, please refer to the Strata Titles (General) Regulations 2019.
What is a strata manager?
A strata manager is someone involved in providing management services for strata communities.
In most situations, the individual will work independently but may operate as part of a strata community management team. In this role, the person will perform all functions associated with the administration of strata communities, including facilitating meetings of strata community members, administering insurance for strata communities, handling strata community funds, as well as maintaining business records and reporting on the financial activities of strata communities.
Why upskill now?
Most real estate professionals currently involved with the management of strata properties have heard about the new requirements, and are eager to upskill now.
Get started now and get ahead of the curve!
For more information and to enrol, please visit our CPP Strata Units course page.