CPD is one of the key components of CEA’s regulatory framework to achieve higher professional standards of the real estate agency industry. Under the Estate Agents (Estate Agency Work) Regulations 2010, every KEO, practising director/partner and salesperson will be required to undertake mandatory continuing professional development (CPD) – a minimum of 6 hours learning activities each calendar year, of which at least 3 CPD hours must be on core subjects.
Starting from 1 October 2013, KEOs and salespersons can refer to a CPD Training Roadmap as an advisory guide when they sign up for core CPD courses.
The CPD Training Roadmap will take effect from the annual 2014 CPD cycle which commenced on 1 October 2013. From 1 October 2013, KEOs and salespersons must meet the following new CPD requirement, in addition to the minimum 6 CPD credit hours per year:
- Attend at least one core CPD course under each of the three categories over three consecutive CPD cycles (3-year period).
Fulfilling CPD hours is also a renewal licensing/registration condition stipulated in the Estate Agents (Licensing and Registration) Regulations 2010. Failure to comply will affect their registration and may lead to removal from the Public Register.
The CPD requirement is to ensure that KEOs and salespersons possess the necessary professional knowledge in estate agency work, and continuously upgrade themselves by keeping abreast of latest changes in Government policies and procedures for property transactions. CEA places emphasis on core subjects as these help improve the professional effectiveness of KEOs and salespersons. CEA will move its policy directions towards increasing the number of core-subject hour requirement.