Modern Australian

Real Estate agent education standards to increase 600%: REINSW

  • Written by Helen Hull


The much sought after path to professionalism is progressing with the NSW Legislative Assembly passing a crucial bill that will lift education standards by 600 per cent, according to the Real Estate Institute of New South Wales.

REINSW CEO Tim McKibbin described the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017, which passed by the NSW Legislative Assembly last week (13 February 2018) as a generational change and is the culmination of more than 10 years of lobbying by the Institute.

“The days of becoming a real estate agent in less than a week are finally over,” Mr McKibbin said. “Under the reforms education requirements for a career in real estate will increase by 600 per cent,” he said.

“This is a win for the consumer and the property services industry because a better educated agent delivers a better consumer outcome.

“It is the single biggest achievement for the industry this century and plays a major role in the path to professionalism that we have embarked upon,” Mr McKibbin said.

 

“Under the reforms, CPD (continued professional development) obligations of agents, which is essential to keeping an agent’s professional skills sharp and current, will also be significantly improved,” he added.

 

The Bill will now be sent to the NSW Legislative Council and is slated to be heard at its next sitting on 6 March 2018. Members of the Council will decide if the Bill is passed, amended or rejected. 

If it is passed it will be sent to the Governor of NSW for his assent and reforms are expected to be implemented on 1 July 2018.

Business

Subtle Signs - 5 Ways to Spot Discrimination in the Workplace

Workplace discrimination involves not being treated fairly or equally due to race, religion, gender, national origin, sexual orientation, mental or physical disability, or gender identity.    It doesn’t matter whether discrimination is...

How to Create a More Environmentally Sustainable Office

Introducing sustainable improvements to the office space reduces the energy cost but also improves staff wellbeing and overall productivity. Sustainable offices are more enjoyable to work in, offer a better quality...

Benefits of PDF Editor for Your Business in 2021

The benefits of having a PDF editor for business are many, as businesses need to be flexible in their document creation methods. A PDF editor for business can help companies...

4 Profitable Clothing Business Ideas to Start in Australia

So you want to create your own clothing brand. You've got the creativity, the designs, the patterns, everything you think you need to get started. The only problem, though, is...

What determines your car loan interest rate?

You are in the market for a new car, and you want a great finance deal. Currently car loan interest rates range from 4% upwards to 20%. What determines the...

Benefits of having an Instagram store

Ecommerce has taken over, and Instagram stores lead the pack when it comes to the best places to purchase goods. The competition is stiff on Instagram, and you only have...



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion