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Understanding the Terms: Registered and Licensed Real Estate Professionals in WA

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When it comes to real estate professionals in Western Australia (WA), understanding the difference between registered and licensed practitioners is crucial. This distinction affects who can legally manage your property and the level of expertise and oversight you can expect.


Registered Property Managers or Sales Representatives


Becoming a Registered Property Manager

In WA, most property managers are registered. To become a registered property manager, individuals must complete a specific course that equips them with the necessary knowledge and skills. Additionally, they must undergo a police clearance, ensuring they have no disqualifying criminal history.


Maintaining Registration

Once registered, property managers are required to maintain their status through continuous professional development. Specifically, they must complete 10 compulsory professional development (CPD) points every year. These CPD points are designed to ensure that property managers stay updated with the latest industry standards, regulations, and best practices. Moreover, registration renewal occurs every three years, which includes undergoing a new police clearance.


Role and Responsibilities

Registered property managers handle various tasks related to managing rental properties. This includes marketing properties, screening and selecting tenants, conducting property inspections, handling maintenance issues, and ensuring compliance with relevant laws and regulations. While registered property managers are well-equipped to manage properties, they operate under the supervision of a licensed real estate agent or agency.


Licensed Real Estate Agents


Becoming a Licensed Real Estate Agent

The journey to becoming a licensed real estate agent is more extensive than that of a registered property manager. After completing the initial course to become registered, aspiring licensed agents must pursue a Diploma in Property. This diploma provides advanced knowledge in real estate practice, property law, and business management.


Gaining Industry Experience

In addition to educational qualifications, candidates must demonstrate significant industry experience. This experience ensures that they have practical insights and the ability to handle complex real estate transactions and management scenarios. Once they have met these criteria, they can apply for a license, which authorizes them to operate a real estate agency.


Role and Responsibilities

Licensed real estate agents, also known as licensees, have broader authority and responsibilities compared to registered property managers. They can manage and oversee real estate agencies, ensuring compliance with legal and ethical standards. They are responsible for the actions of the registered property managers under their supervision. Their roles often include negotiating sales and leases, managing client accounts, and providing strategic advice on property investments.


The Advantage of Choosing a Licensed Real Estate Agent


Opting for a licensed real estate agent to manage your property provides several advantages. A licensed agent brings a higher level of expertise and accountability to the table. They have undergone rigorous training and have substantial industry experience, which translates into a more comprehensive understanding of the market and property management.


Personal Assurance from Resident Property

As a licensed real estate agent myself, I manage all investments personally at Resident Property. This ensures that your property is managed to the highest standards. My extensive training and experience in the industry mean that I can provide you with personalized, professional service that goes beyond basic property management. From thorough tenant screening and detailed property condition reports to handling all maintenance issues efficiently, I ensure your investment is well-protected and optimized for maximum returns.


Why Continuous Professional Development Matters


Continuous professional development is not just a regulatory requirement; it is a commitment to excellence. For both registered property managers and licensed real estate agents, staying updated with industry trends, legislative changes, and new management techniques is essential. This ongoing education helps us provide the best possible service to our clients, ensuring that their properties are managed according to the latest standards and practices.


Conclusion

In summary, understanding the difference between registered and licensed real estate professionals in WA is essential for making informed decisions about property management. Registered property managers handle day-to-day management tasks under the supervision of a licensed agent, while licensed real estate agents have the authority to operate agencies and manage more complex transactions. By choosing a licensed real estate agent, you ensure a higher level of expertise and accountability in managing your property. At Resident Property, I bring my comprehensive training and experience to offer you the highest standard of property management, giving you peace of mind that your investment is in capable hands.



If you have any questions or need further information about property management, feel free to contact me at Resident Property. Your property deserves the best, and I am here to provide it.

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