The Real Estate Institute of Australia (REIA) has argued the country's property sector requires the issue of 'best practice' to be addressed prior to the introduction of new licensing laws for property professionals.
According to the organisation, a number of issues remain surrounding the legislation for national the licensing of property professionals, including increased industry accountability, raised awareness of appropriate behaviour and mandatory continued educational development.
REIA president Pamela Bennett commented: "Ultimately, it's through enhanced practice and culture of the real estate profession that high-level consumer outcomes will be achieved."
She added that without these safeguards and issues of best practice being addressed, customers across Australia will be put at risk and as such, the REIA remains in staunch opposition of the new rules.
Last month, Ms Bennett highlighted the need for continued professional development in the sector by claiming that without it, many people working within the industry will be unable to provide expert advice to their customers.
Posted by Steve Douglas