The significant changes to the training and licensing requirements for the real estate industry will be the focus of the Real Estate Institute of NSW’s Roadshow series.
The statewide series visits Wollongong on March 14.
REINSW CEO Tim McKibbin said for the past three years NSW Fair Trading and REINSW have together been developing the new industry standard that is being implemented from July 1.
“These changes will support and enhance the profession going forward and it is vitally important that all real estate professionals understand the truth about what this means for them,” Mr McKibbin said.
“I urge agents to join NSW Fair Trading and REINSW at one of our Roadshow information sessions.”
There is a push from the REINSW for the real estate industry to be a professional industry. The path to professionalism is progressing with the NSW Legislative Assembly passing a bill that will lift education standards by 600 per cent, according to the Institute.
Mr McKibbin described the bill which passed in February as a generational change.
“The days of becoming a real estate agent in less than a week are finally over,” Mr McKibbin said.
“This is a win for the consumer and the property services industry because a better educated agent delivers a better consumer outcome.”
The bill has been sent to the NSW Legislative Council; it is slated to be heard on Tuesday.