Property Agents and Motor Dealers Amendment Regulation (No. 2) 2003 (Qld)

Queensland Subordinate Legislation 2003 No. 369 Property Agents and Motor Dealers Act 2000 PROPERTY AGENTS AND MOTOR DEALERS AMENDMENT REGULATION (No. 2) 2003 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new sch 2, s 1A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1A Definition for sch 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Amendment of sch 2, s 1 (Restricted letting agent) . . . . . . . . . . . . . . . . . . . 2 5 Amendment of sch 2, s 2 (Real estate agent) . . . . . . . . . . . . . . . . . . . . . . . . 3 6 Amendment of sch 2, s 3 (Auctioneer) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 7 Amendment of sch 2, s 5 (Real estate salesperson) . . . . . . . . . . . . . . . . . . . 5 8 Amendment of sch 2, s 6 (Trainee auctioneer) . . . . . . . . . . . . . . . . . . . . . . . 6 9 Amendment of sch 2, s 7 (Property developer salesperson) . . . . . . . . . . . . . 6

s1 2 s4 Property Agents and Motor Dealers Amendment No. 369, 2003 Regulation (No. 2) 2003 1 Short title This regulation may be cited as the Property Agents and Motor Dealers Amendment Regulation (No. 2) 2003 . 2 Regulation amended This regulation amends the Property Agents and Motor Dealers Regulation 2001. 3 Insertion of new sch 2, s 1A Schedule 2, before section 1— insert— ‘1A Definition for sch 2 ‘In this schedule— “registered training organisation” see the TrainingandEmploymentAct 2000 , section 14. 1 ’. 4 Amendment of sch 2, s 1 (Restricted letting agent) (1) Schedule 2, section 1, ‘The prescribed’— omit, insert— ‘ (1) The prescribed educational qualifications for a restricted letting agent’s licence are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE10A (Manage agency risk); (b) PRDRE18A (Lease property); (c) PRDRE19A (Provide property management services); (d) PRDRE28A (Maintain trust account); 1 TrainingandEmploymentAct 2000 , section 14 (What is a “registered training organisation”)

s5 3 s5 Property Agents and Motor Dealers Amendment No. 369, 2003 Regulation (No. 2) 2003 (e) PRDRE37A (Perform and record property management activities and transactions); (f) PRDRE39A (Prepare and execute documentation). ‘ (2) Alternatively, the prescribed’. (2) Schedule 2, section 1— insert— ‘ (3) Subsection (2) and this subsection expire on 18 December 2005.’. 5 Amendment of sch 2, s 2 (Real estate agent) (1) Schedule 2, section 2(1), ‘ (1) The prescribed’— omit, insert— ‘ (1) The prescribed educational qualifications for a real estate agent’s licence are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE09A (Implement and monitor financial systems); (b) PRDRE10A (Manage agency risk); (c) PRDRE11A (Provide property appraisal); (d) PRDRE12A (Establish and expand client base); (e) PRDRE13A (Obtain property listings); (f) PRDRE14A (Market property); (g) PRDRE15A (Undertake property sale by private treaty); (h) PRDRE16A (Monitor sales process); (i) PRDRE18A (Lease property); (j) PRDRE19A (Provide property management services); (k) PRDRE22A (Present and explain property reports); (l) PRDRE26A (Conduct property sale by auction); (m) PRDRE28A (Maintain trust account);

s6 4 s6 Property Agents and Motor Dealers Amendment No. 369, 2003 Regulation (No. 2) 2003 (n) PRDRE30A (Implement personal marketing plan); (o) PRDRE37A (Perform and record property management activities and transactions); (p) PRDRE39A (Prepare and execute documentation); (q) PRDPOD62A (Clarify and confirm property information requirements). ‘ (1A) Alternatively, the prescribed’. (2) Schedule 2, section 2(2), ‘ (2) However’— omit, insert— ‘ (2) However, the prescribed educational qualifications for a limited real estate agent’s licence are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE13A (Obtain property listings); (b) PRDRE15A (Undertake property sale by private treaty); (c) PRDRE18A (Lease property); (d) PRDRE39A (Prepare and execute documentation). ‘ (2A) Alternatively’. (3) Schedule 2, section 2— insert— ‘ (3A) The following expire on 18 December 2005— (a) subsections (1A), (2A) and (3) and this subsection; (b) subsection (4), definitions “employment” and “relevant period”.’. 6 Amendment of sch 2, s 3 (Auctioneer) (1) Schedule 2, section 3, ‘The prescribed’— omit, insert— ‘ (1) The prescribed qualifications for an auctioneer’s licence are—

s7 5 s7 Property Agents and Motor Dealers Amendment No. 369, 2003 Regulation (No. 2) 2003 (a) the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (i) PRDRE09A (Implement and monitor financial systems); (ii) PRDRE14A (Market property); (iii) PRDRE26A (Conduct property sale by auction) or PRDSSA24A (Conduct chattel auction/clearing sale); (iv) PRDRE28A (Maintain trust account); (v) PRDRE39A (Prepare and execute documentation); and (b) the conducting of 5 auctions when employed as a trainee auctioneer under the supervision of an auctioneer. ‘ (2) Alternatively, the prescribed’. (2) Schedule 2, section 3— insert— ‘ (3) Subsection (2) and this subsection expire on 18 December 2005.’. 7 Amendment of sch 2, s 5 (Real estate salesperson) (1) Schedule 2, section 5, ‘The prescribed’— omit, insert— ‘ (1) The prescribed educational qualifications for registration as a real estate salesperson are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE13A (Obtain property listings); (b) PRDRE15A (Undertake property sale by private treaty); (c) PRDRE18A (Lease property); (d) PRDRE39A (Prepare and execute documentation). ‘ (2) Alternatively, the prescribed’.

s8 6 s9 Property Agents and Motor Dealers Amendment No. 369, 2003 Regulation (No. 2) 2003 (2) Schedule 2, section 5— insert— ‘ (3) Subsection (2) and this subsection expire on 18 December 2005.’. 8 Amendment of sch 2, s 6 (Trainee auctioneer) (1) Schedule 2, section 6, ‘The prescribed’— omit, insert— ‘ (1) The prescribed educational qualifications for registration as a trainee auctioneer are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE14A (Market property); (b) PRDRE39A (Prepare and execute documentation). ‘ (2) Alternatively, the prescribed’. (2) Schedule 2, section 6— insert— ‘ (3) Subsection (2) and this subsection expire on 18 December 2005.’. 9 Amendment of sch 2, s 7 (Property developer salesperson) (1) Schedule 2, section 7, ‘The prescribed’— omit, insert— ‘ (1) The prescribed educational qualifications for registration as a property developer salesperson are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE13A (Obtain property listings); (b) PRDRE15A (Undertake property sale by private treaty); (c) PRDRE18A (Lease property);

s9 7 s9 Property Agents and Motor Dealers Amendment No. 369, 2003 Regulation (No. 2) 2003 (d) PRDRE39A (Prepare and execute documentation). ‘ (2) Alternatively, the prescribed’. (2) Schedule 2, section 7— insert— ‘ (3) Subsection (2) and this subsection expire on 18 December 2005.’. ENDNOTES 1. Made by the Governor in Council on 18 December 2003. 2. Notified in the gazette on 19 December 2003. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Office of Fair Trading. © State of Queensland 2003