After many years of advocacy by EAC on behalf of members and countless meetings with NSW Fair Trading and Government, last week saw the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017 introduced to Parliament. Discussion on the Bill will take place in February 2018 when Parliament sits again and our current understanding is that the changes will come into effect in the second half of 2018.
EAC has worked through several drafts of the Bill with NSW Fair Trading to ensure that to the extent possible that the changes will work from an industry practice perspective.
The reforms introduce several changes in relation to licencing and will affect everyone currently working in the industry. We recommend that Certificate Holders through to Principals watch this video as there are changes that you can start preparing for now that will make it much easier for you once the changes come into effect.
David Crombie, EAC CEO talks with Rosy Sullivan, College Principal at Australian College of Professionals about how you can prepare for their introduction.
David is happy to take any questions that Members may have regarding the reforms and Australian College of Professionals can be contacted on 1300 88 48 10.
EAC and the Australian College of Professionals (ACOP) have partnered to provide the real estate industry with the highest quality training for new and experienced agents. When you book your course through the Australian College of Professionals make sure that you mention that you heard about the course from EAC to receive the EAC Member Discount of up to 25% off your course.