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PMs demand higher standards

09 July 2015 Reporter

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

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
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