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Training reforms moving ahead

15 February 2018

REINSW CEO Tim Mckibbin said the real estate training reforms passed by the NSW Legislative Assembly this week is a generational change and is the culmination of 10 years of lobbying by the Institute.

Education requirements for a career in real estate will increase by 600%. This is a win for the consumer and the property services industry.

The days of becoming a real estate agent in less than a week are finally over.

The Institute also celebrates its lobbying success with significantly improving the CPD obligations of agents.

CPD is essential to keep an agent’s professional skills sharp and current. A better educated agent delivers a better consumer outcome.

The Bill will now be sent to the NSW Legislative Council and could be heard at its next sitting on 6 March 2018. Members of the Council will decide if the Bill is passed, amended or rejected. 

If it is passed it will be sent to the Governor of NSW for his assent.