Global Power | Local Knowledge | Uniquely Personal

REIA highlights need for improv...

REIA highlights need for improvement in standards

Licensing for property professionals could be a positive development, the REIA has stated.

The Real Estate Institute of Australia (REIA) has claimed the introduction of a national licensing scheme for property-related professionals could help to raise standards in the sector.

Pamela Bennett, president of the REIA, said this is a positive development for the Australian property sector.

She stated: "REIA supports national licensing and recognises the benefits, [including] improved mobility between jurisdictions, an end to overlapping laws and a uniform approach across Australia."

However, Ms Bennett noted the need for expediency in the introduction of this measure should not result in a dilution of the rules and regulations that are already in place, as this could lead to a drop in consumer confidence.

The news follows recent comments from Savanth Sebastian, economist art CommSec, who argued a recovery in the Australian property sector could be "imminent".

He told Property Investor that last month's rise in owner-occupier loans was a positive step towards recovery.

Posted by Craig Francis

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.

Subscribe Now

Country of residence
Please send me sms communication
I have understood & consent to the T&Cs & Privacy Policy