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Core Unit
CPPREP5101
Establish agency in the property industry
50 hours
Core Unit
Foundation Level
Unit Overview
This unit covers the skills and knowledge required to establish a property agency, including understanding legal and regulatory requirements, business structures, licensing obligations, and operational frameworks necessary to operate within the Australian property industry.
Learning Outcomes
- •Identify legal structures and requirements for establishing a property agency
- •Understand licensing and registration obligations across different states
- •Develop business plans and operational frameworks
- •Establish trust account systems and compliance procedures
- •Implement risk management and insurance requirements
Key Topics Covered
Legal Requirements
- • Business structures (sole trader, partnership, company)
- • Licensing obligations
- • State and territory regulations
Operational Setup
- • Trust account establishment
- • Insurance and risk management
- • Office systems and procedures
Business Planning
- • Market analysis
- • Financial projections
- • Service offerings
Compliance
- • Professional conduct standards
- • Record keeping requirements
- • Audit and reporting obligations
Assessment
This unit is typically assessed through:
- •Written assignments on agency establishment requirements
- •Business plan development project
- •Case study analysis of regulatory compliance
Entry Level Qualification
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