Ensure you never miss an issue of the
real estate business bulletin
Licensing should boost standards: REIA CEO

Licensing should boost standards: REIA CEO

by Reporter 0 comments

Simon Parker

National licensing should be the trigger for even better industry education and training standards, the Real Estate Institute of Australia (REIA) CEO has urged.

Talking to Real Estate Business on the sidelines of the NAB National Small Business Summit in Sydney, REIA CEO Amanda Lynch said legislators should take the opportunity presented by national licensing to ensure education and ongoing training standards were up to scratch across Australia. Instead, she feared the government may be looking to dilute industry standards by removing the need for ongoing training.

She pointed to one agent in Queensland who had expressed their disgust about one training company that was allegedly supplying answers to trainees. Ms Lynch added a recent survey found 84 per cent of respondents said the industry was already under threat from training providers offering 'short' courses.

Her call comes not long after Real Estate Institute of NSW (REINSW) CEO Tim McKibbin raised concerns about the lack of adequate training for agents in NSW. He said this lack of training led to a dearth of expertise in the industry, which in turn explained why so many agents were leaving the industry.

Draft legislation for the national licensing of real estate agents is expected in September.

Key real estate industry stakeholders will be contacted the moment draft legislation and Regulation Impact Statements (RIS) are available for review.

Following the release of the draft rules, a six-week review process will follow which will include meetings that interested parties can attend in each capital city.

The new legislation, which is aimed at removing inconsistencies and overlapping laws in each state and territory, is due to commence for property-related professions on July 1, 2012. The aim is to ensure relevant professionals can work in any state or territory without having to obtain an additional licence.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Licensing should boost standards: REIA CEO
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
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

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?