Resident Letting Agent's Licence (RLA)

$675.00


This course is held at Hirum Software Solutions, Arundel


What Licence do I need as a Resident Manager?

Resident Managers have a few options available to them as far as licensing goes. The Resident Letting Agent's Licence is the most common Licence as it allows you to rent out managed units as well as operate a Trust Account. The restrictions with this Licence are that you can only rent units within the complex you manage. The principal place of business must be located in the complex you are letting. You are unable to make sales of any units within your complex.

In order to obtain your RLA or Resident Letting Agent's Licence, you must first complete the following 6 units of competency through a Registered Training Organization like Complete Property Training:-

•BSBSMB406 Manage small business finances
•CPPDSM4006A Establish and manage agency trust accounts
•CPPDSM4007A Identify legal and ethical requirements of property management to complete agency work
•CPPDSM4010A Lease property
•CPPDSM4015B Minimise agency and consumer risk
•CPPDSM4016A Monitor and manage lease or tenancy agreement.

Once you have successfully completed your studies your Training Organization will issue you with a Statement of Attainment which together with a Form 1-1 (Application for Resident Letting Agent's Licence) needs to be submitted to the Office of Fair Trading Queensland. The form can be downloaded from their website. There is also a requirement to provide the OFT written proof from the Body Corporate that you can carry on a letting business within the complex.

More and more Managers are deciding to obtain a Full Real Estate Agent's Licence which gives all of the same benefits of the RLA, but lifts a lot of the restrictions. One of which is the ability to make sales within your complex. This offers real diversity of income and is fast becoming the Licence of choice for most Resident Managers.

Your learning begins upon tenrolment when you will be sent all the Learning Resource Material, which is a valuable tool to help you undertake your assessment, particularly if you are new to the Real Estate Industry.  We recommend you familiarise yourself with these Resources prior to commencing your Course.  The RLA Course face to face classroom attendance time is 2 days.  Your Trainer will lead you in assessment items and you will also be required to undertake some assessment away from class.  Experienced students (those who have previously or are currently working in the industry) will often complete the assessments in the allocated course time, however all students are able to complete their assessment outside of the allocated course time, or a combination of the 2 as we have flexible delivery options.  The course is held at Hirum Software Solutions, 2/8 Technology Drive Arundel, or you can also complete the course via correspondence. The classes are usually small in size averaging about 6 to 8 students so we are able to deliver a high level of learning support and guidance. We offer the same level of support with full phone and email support to correspondence students.

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