Ensure you never miss an issue of the
real estate business bulletin
PMs demand higher standards

PMs demand higher standards

by Reporter 0 comments

A survey of more 5,000 real estate professionals has highlighted the industry’s wish for better training and standardised licensing.

The survey by the Certified Practising Real Estate Agent (CPREA) association found that 90.3 per cent believed there should be one standard and consistent educational requirement for property managers across Australia.

Of those surveyed, 27 per cent believed the appropriate length for a property manager’s course was five days, while 37 per cent felt seven days was best, 7 per cent thought two weeks was adequate and 4 per cent felt a month was appropriate.

According to the results, 85 per cent believed it would be ideal for property managers to complete a cadetship or mentoring process for their first 12 months in the role.

The survey also found that 35 per cent of respondents felt that property managers should have to do at least 10 hours of learning year to update their skills and maintain their licence, while 9 per cent felt 15 hours would be best and 21 per cent felt 20 hours would be adequate.

However, another 10 per cent said that property managers should not be required to do any ongoing training.

CPREA chairman Geoff Baldwin said that this survey demonstrated that real estate professionals want a national solution to education not a state-by-state approach.

“In short, the overwhelming call is for uniform national licensing and for the educational requirements and the ongoing training to be of a uniform high standard.”

[Related: Lack of PM training ‘offensive’, says principal]

 

PMs demand higher standards
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?