The NSW Government’s focus on raising training standards and increasing transparency and accountability for the property industry is a giant step forward for the Real Estate profession, according to the Real Estate Institute of New South Wales. 

REINSW President John Cunningham said REINSW played a key role in working with the government to produce the Real Estate and Property Services Industry Reform Paper that outlines the Government’s vision for the state’s $15 billion real estate and property sector.

“We have been lobbying the government on reforms for the industry in particular around education and training for many years,” Mr Cunningham said. 

“For too long people have been able to enter the profession with a minimum level of education that is totally inadequate for the important role real estate professionals play in people’s lives. 

“We will be making a submission of support on all of the reforms and look forward to the reforms coming into effect in 2017.

“We encourage the public and other industry bodies to get behind these reforms which will undoubtedly help to improve what is the most significant industry in the NSW economy,” Mr Cunningham said.  

See also:

NSW government releases reform paper to improve real estate standards

Increase training standards

Provide retirees with tax incentives to boost housing affordability: REINSW