The Real Estate Institute of Australia (REIA) today reconfirmed its commitment to working with Australian governments to ensure that there is an effective licensing system in place for Australia’s 64,700 real estate agents.
On 13 December 2013 the Council of Australian Governments (COAG) decided not to proceed with the proposed National Occupational Licensing Scheme because of a number of concerns with the mooted model and potential costs.
REIA Deputy President Morgan Shearer said that COAG had correctly identified that the scheme, that was devised by the soon to be disestablished National Occupation Licensing Authority (NOLA), simply failed to recognise the structure of the Australian property industry.
“REIA is already working with the Council for the Australian Federation so as to mimimise impediments to regulations that impede labour mobility. In that way, a licensing scheme that is efficient, whilst protecting the interests of consumers, will continue to evolve”, Mr Shearer concluded.