The Real Estate Institute of Western Australia yesterday recognised the introduction of new codes of conduct for real estate agents, sales representatives, settlement agents and land valuers which support industry best practice and provide consumer protection.

The Real Estate and Business Agents and Sales Representatives Code of Conduct 2016 came into effect yesterday with a two month transition period.

REIWA President Hayden Groves thanked the Minister for Commerce, the Hon. Michael Mischin MLC, and the Department of Commerce for carrying out a detailed consultation process and working closely with the Institute to develop the new codes.

"We congratulate Minister Mischin for working closely with REIWA and other industry stakeholders to ensure the codes benefit all those involved with buying, selling or leasing property," Groves said.

"It’s important that there are measures in place to ensure the industry maintains high standards of practice and service."

See the new code of conduct here.

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