Program Overview

Program Overview

 

Australian Property Institute Future Property Professionals

 

The Future Property Professionals Program (FPP) is developed and implemented by the Australian Property Institute (API) to provide graduates with quality education, and a training pathway from academic excellence to property professional competency.

API, as the leading organisation in the property industry has implemented a professional program to support academic excellence of our accredited education providers and enhance the practical and professional competencies of property graduates.

This specialised FPP program will assist graduates in achieving competencies to apply for Institute Membership including certification and property specialisation within evolving property profession.

The program will lift the capabilities and practical skills of the graduates to achieve professional excellence as a valued member of the API.

Designed by property professionals, educators and technical experts the FPP program  focuses on the skills required to prosper in a dynamic professional environment.

API has mandated this program to ensure that graduates of today will be our property leaders of tomorrow.

 

FPP as a component of Membership

The FPP program is an integral component of the membership and certification pathway of the Australian Property Institute.

Graduates of property qualifications (API Provisional Members) have a number of requirements to achieve Provisional Membership with RPV, Associate Membership and Associate Membership with Certification. These include:

  • Successful completion of the Future Property Professional Program
  • Approved Professional Experience
  • Professional Work Diary
  • Membership application process
  • Professional Interview

 

What is FPP?

FPP is a series of specialised modules that cover property related areas from ethics to professional risk and written communication through to property rights, GST and other relevant modules.

All applicants for Provisional Membership: PMAP (RPV), Associate (AAPI) or Associate with Certification, will be required to complete six (6) core modules. A further three (3) prescribed modules are required for Provisional Members (RPV). For Associate with Certification, applicants are required to complete the six (6) compulsory described above, three (3) modules prescribed for certification and three (3) property electives.

 

Provisional Member (RPV)  6 compulsory + 3 prescribed modules = 9 modules
Associate with Certification 6 compulsory + 3 prescribed + 3 elective modules = 12 modules

 

The compulsory modules are:

  • API Ethics and Code of Professional Conduct
  • Data Collection and Networking
  • Written Communication
  • Introduction to Professional Risk
  • Preparation for Professional Interview
  • Professional Communication (coming soon)


The prescribed modules for PMAPI (RPV) and AAPI (CPV) are as follows:

  • Inspection, Recording and Measurement
  • Professional Standards
  • Risk Management (coming soon)

The prescribed modules for the new Certifications will be determined as the program is rolled out, and will be selected from the list of electives below.

The elective modules include:

  • GST
  • Leases
  • Spatial Analysis
  • Corporate Real Estate
  • Property Rights (coming soon)
  • Sustainability (coming soon)
  • Lending (coming soon)
  • Capital Markets (coming soon)
  • Specialised Valuation (coming soon)
  • Accounting (coming soon)
  • Asset Management (coming soon)
  • Property Management (coming soon)
  • Property Development (coming soon)

 

The modules are expected to take participants two (2) to three (3) hours to complete. There are additional readings and resources included in some modules. In order to fully complete the module and the additional reading, extra time may need to be allocated.

Each applicant sitting the module will accrue two (2) CPD points per module. These points can only be accrued for the year the modules are completed and cannot be rolled over.

Only three (3) modules can be enrolled in at any one time.
 

Assessment

There will be a quiz based assessment for each FPP module. This must be undertaken in order to complete a module. You will be given two attempts to complete the quiz within an allotted time and there is a pre-set pass mark of 80% for the quiz.

Upon completion of the quiz, your grade will be recorded, if your mark is  80%, of above you have successfully passed the quiz. If the grade recorded  is below 80%, you will be required to re-sit the quiz.

If upon your second attempt at the quiz, you receive a mark less than the 80% required to pass, you will be required to re-enrol in the module and re-sit the quiz. No discount is offered for re-enrollment.

 

Who will undertake FPP?

All applicants seeking Provisional Membership (RPV), Associate Membership or Associate Membership with Certification will be required to complete the FPP program as a pathway to membership.

Applicants with less than three years Approved Professional Experience will be required to complete the FPP Program in its entirety.

Applicants with between three years and six years Approved Professional Experience will be required to complete the assessment only sections of the FPP Program.

Applicants with more than six years Approved Professional Experience will be required to complete the assessment only section of 6 designated Modules of the FPP Program.

Participants completing the FPP Program in its entirety will have 2 attempts to pass the on-line assessment criteria. Applicants with three years or more experience as described above will only have one attempt to pass the assessment criteria. If unsuccessful, the participant will be required to enrol in the Module and complete all components of the prescribed Module accordingly.

Graduates who have completed an API approved qualification are eligible to undertake the program.

Students who are currently completing their API approved University degree / TAFE qualification are eligible to commence the FPP program in their final year of study only, provided they have a minimum of twelve (12) months Approved Professional Experience (APE).

 

Implementation and Transitional Phase

The Future Property Professionals Program has been piloted in August and September 2011 and modules are now available for completion. This is an optional period for applicants to undertake the FPP program prior to the compulsory implementation of the program. The optional time period provides the opportunity for applicants to complete the modules at a heavily API subsidised rate, whilst accruing CPD points and gaining credits for when the modules become compulsory.

FPP will become a compulsory pathway to membership from 1 July 2012. 

 

Transitional arrangements

Applicants are exempted from completing the requirements of the FPP program if they have graduated from an API approved qualification, have a minimum of twelve (12) months Approved Professional Experience and have applied for Membership prior to 30 June 2012.

Applicants who do not achieve this exemption will be required to complete the FPP program from the compulsory start date of 1 July 2012.

 

What are the requirements of Approved Professional Experience?

To be eligible to sit the Professional Interview for PMAPI (RPV) Designation, applicants are required to have completed a minimum of 12 months Approved Professional Experience in residential and associated valuation. 

To be eligible to sit the Professional Interview for AAPI (Certification), applicants are required to have completed a minimum of 2 years Approved Professional Experience in their area of specialisation.

As of the 1st July 2012, all applicants will be required to ensure 6 months of the Approved Professional Experience is undertaken post-graduation of the approved qualification. Post-graduation is defined as the date the student receives the qualification academic transcript stating that they have successfully completed all requirements of the qualification (this is not the date the graduate receives their graduation certificate). As a result, as of 1 July 2012, applicants for Professional Interview will not be eligible to meet all the Approved Professional Experience requirements as a Student. Six months of the Approved Professional Experience requirements will be post-graduation.

 

Investment

The investment for FPP is $49 plus GST ($53.90 GST inclusive). This is a heavily subsidised rate by the API. The investment for the FPP program will be reviewed when the program becomes compulsory on 1 July 2012.

The Institute is happy to advise that the Module to assist applicants prepare for the Professional Interview: ‘Preparation for Professional Interview’ (whether for RPV or Certification) will be provided to FPP participants free of charge. This is a compulsory Module and important for participants to complete prior to sitting the Professional Interview.
 

How to complete the FPP Program?

The FPP modules can be completed on-line 24/7. In order to complete the module, you will need internet access  and there are no special software or hardware requirements.

A User Manual will be provided on the site for a step-by-step breakdown of all the processes and requirements. In addition, there will be contact details for support personnel, through a dedicated help desk, in case further assistance is required.

For further information on FPP, please contact the Education & Training Manager.

 

Cancellation Policy

As the Future Property Professionals (FPP) program is delivered in an on-line environment, enabling it to be accessed 24/7, no cancellations will be accepted. You can choose not to complete the module; however there will be no refund on offer for a module that is not completed. By registering for the FPP program, you agree to the cancellation policy outlined above.
 

Registration Form

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