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Calls made for commercial real...

Calls made for commercial real estate license continuation

Licensing for the sale of offices and shops should continue in Australia.

Chairman of the Real Estate Institute of Western Australia's Commercial Network Victor Sankey has argued plans to remove the need for individuals to be licensed to sell commercial property should be scrapped.

He argued that the Council of Australian Governments' plans need to be rethought, as they could lead to "cowboys" operating in the industry in the future.

Mr Sankey stated: "Consumers are very concerned at the prospect of commercial sales taking place by people who have no understanding of the many and varied laws that apply to such transactions."

Earlier this month, the Real Estate Institute of Australia published a breakdown of research carried out on its behalf by UMR Research into the attitudes of the public to the introduction of new licensing within the sector.

It showed that 48 per cent of respondents wished to see the introduction of a diploma system to safeguard standards for real estate professionals across Australia.

Posted by Steve Douglas

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