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New Australian real estate bod...

New Australian real estate body launched

A new professional body to oversee Australia's real estate industry has been launched.

A new professional body to oversee Australia's real estate industry has been launched.

The Certified Practicing Real Estate Agents (CPREA) organisaton is aiming to strengthen the industry's image and develop a national listing website.

Chairman of CPREA Geoff Baldwin explained the aim of the organisation is to improve standards and encourage more self-regulation to help ensure high-quality services for all customers.

He added: "We all like to think of ourselves as being members of a 'profession' and there is absolutely no logical reason why we can't continually lift our actual and perceived standards along with our public perception."

The new body will allow CPREA members to list properties on a central website for no charge for the first 12 months and then for a monthly subscription fee. It is hoped this will allow potential buyers an easier way to discover their ideal property.

It has taken 18 months to establish the CPREA and it should help to encourage more consistency within the country's real estate sector.

Posted by Steve Douglas.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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