Consumer News

Real estate reforms announced

28 November 2017

By Tim McKibbin- REINSW CEO

The Real Estate Institute of New South Wales has been campaigning for the training standards of CPD and entry level education in real estate to be improved for over 10 years.

We were delighted when the NSW Government finally listened and released the ‘Real Estate and Property Services Industry Reform Paper’ in November 2015.

REINSW made a detailed submission in response, and recently Minister for Better Regulation, Matt Kean, announced the legislation to strengthen education standards for the property services industry.

Although the new legislation is not everything we asked for, it will help improve consumer confidence and satisfaction with the industry.

We continue to lobby government for a co-regulatory relationship. This will help improve regulatory compliance and promote professional conduct.