CPD compliance - real estate
You need to obtain and retain records of your attendance at mandatory and elective CPD activities. For CPD activities that attract one CPD point per hour, you need to obtain a statement of attainment, a record of completion or a certificate of attendance. For CPD activities that attract a half point per hour, records of attendance are needed. Some examples are: receipts for seminars or notes on approved videos/DVDs or multimedia programs. You may also like to maintain a CPD Training Log listing details of each CPD activity you complete.
How does Consumer Protection check that I have completed my ten CPD points for each CPD cycle?
When you apply to renew your triennial certificate or certificate of registration, you will need to certify that you have accrued all the required CPD points for the previous three years by completing and attaching the CPD Training Log. For example a renewal due in 2014 would require an agent to have accrued 10 CPD points in 2011, 10 CPD points in 2012 and 10 CPD points in 2013.
Certificates of attendance or other records must not be attached to the renewal; simply fill out the CPD Training Log with the appropriate details.
How long do I need to retain my records as proof that I have completed CPD activities?
You need to retain your CPD records, along with any supporting documents, for a period of four years.
What happens if I don't accrue 10 CPD points for each CPD cycle?
If you do not complete your 10 CPD points per CPD cycle, Consumer Protection will consider this to be non-compliance with the program. Non-compliance with the CPD program may affect the renewal of your triennial certificate or certificate of registration. Consumer Protection reserves the right to refuse the renewal of your triennial certificate or certificate of registration and to place conditions on your triennial certificate or certificate of registration. Consumer Protection will be dealing with any instances of non-compliance on a case-by-case basis.
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