Saturday, January 4th, 2014

State Ministers across the country voted against the proposed national licensing scheme for real estate practitioners, in what has been described as a red letter day for the South Australian real estate industry.

Chief Executive Officer of the Real Estate Institute of SA (REISA), Greg Troughton, said for the last few years, REISA has fought desperately against this proposal and has taken every opportunity to speak publicly about its dangerous ramifications for the real estate industry, particularly here in South Australia.

“Common sense has prevailed over a Federal juggernaut that did not have the best interests of consumers at heart,” Mr Troughton said.

In short, the scheme proposed to lower the education and training requirements for real estate practitioners to be licensed in South Australia with a consequential devastating impact upon consumers and the reputation of our industry as a profession worthy of confidence and respect.

“The proposal to reduce education and training requirements to be licensed in South Australia as a real estate practitioner represented a devastating blow to consumer protection and the industry reputation as a qualified and accountable profession.”

Mr Troughton said with the introduction of the new legislation for sales and property management commencing in the New Year, it would have been absurd to allow (and expect) people without the requisite training and education to implement and comply with these new provisions.

“The decision today is a triumph for common sense, consumer protection and maintaining the South Australian real estate industry as the most qualified and accountable in the country,” Mr Troughton said.

The Premier and the Deputy Premier have shown strong and courageous leadership in advocating REISA’s position to the Federal Government and in supporting it today. In particular, the Deputy Premier has publicly stated on many occasions that he would do everything within his power to ensure that South Australian standards did not fall as a result of the proposed scheme and his spectacular success today is a testament to his vision and determination.

 “I would like to thank the Premier and the Deputy Premier for their unwavering support in supporting REISA’s opposition to the proposed national licensing scheme.”

Keywords

real estate, REISA. South Australian real estate

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