|MEDIA RELEASE 24 July 2001|
|Issued by Queensland Resident Accommodation Managers Association Inc|
|Restricted Letting Agent Courses|
|By Kim Cox|
resident managers have a steep learning curve when they purchase the
management rights of a building.
most cases, resident managers are taking on substantial businesses
managing millions of dollars worth of property. Management of such a
business is an onerous task requiring the manager to know the
appropriate Act and Regulations, have excellent business management
skills, and also to have good people skills.
Many new resident managers do not have a background in managing accommodation properties. The opponents of management rights often cite this as a negative and undesirable aspect of our industry. These opponents have repeatedly expressed their views to the government bureaucrats that new managers without experience in property management are the cause of major problems.
my capacity as President of QRAMA I have been fortunate to have the
opportunity of speaking with hundreds of different managers. While a
large number of managers have entered the industry without previous
experience, I have found this to be of great benefit as they bring with
them new skills and enthusiasm, and are generally highly motivated and
eager to please. In my view, this is a highly desirable situation for
new Property Agents and Motor Dealers Act goes a long way towards
ensuring that new managers have a basic understanding of the industry,
the Act and Regulations, and the managerís rights and
responsibilities. As is
common knowledge now, the educational qualifications prescribed by the
Property Agents and Motor Dealers Regulation 2001 for a restricted
letting agentís license require that the manager must pass the
following approved modules:
(Real estate industry overview)
(Introduction to property management)
(Real estate accounting)
(Real estate consumer protection)
(Body corporate legal requirement).
requirement to complete these modules does not commence until 1
September 2001. At the time of writing, these modules were available
through the Australian Property College, the Real Estate Institute of
Queensland and the Gold Coast College of TAFE, both by classroom and
remote learning delivery.
the new course to obtain a restricted letting agents licence has been
introduced, QRAMAís own Training Course on the Sunshine Coast has been
shortened to remove duplication. While the education requirement to
obtain a licence should enable a new resident manager to enter into
business with a sound understanding of the legislative requirements of
their new business, the QRAMA Training Course will help new resident
managers to fast-track their learning experiences in the many other
skills and disciplines that management rights involves.
get the benefit of working through industry issues with a small group of
managers or people about to commence in management rights. Topics
covered include marketing, operational issues, working with the body
corporate and other issues that are important to operating a management
the QRAMA Sunshine Coast Annual General Meeting in July, a new Committee
was elected. The new committee blends experience with some new committee
members. Kim Cox continues in his role as President, Stephen Fraser is
now Vice-President, and John Anderson remains as Secretary/Treasurer
completing the Executive Committee.
The Gold Coast and Port Douglas branches will be holding their elections in August, and the State Annual General Meeting will be held in September this year.ENDS
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