Real Estate Institute of Australia REIA The Real Estate Institute of Australia

Real estate institute of australia reia the real

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RealEstateInstituteofAustralia(REIA)The Real Estate Institute of Australia (REIA) is the national professional association for Australia’s real estate sector. REIA is a politically non-aligned organisation that provides research and well-informed advice to the Federal Government, Opposition, professional members of the real estate sector, media and the public on a range of issues affecting the property market.
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©2015REAACPP40307CertificateIVinPropertyServicesc)LegislativerequirementIdentifythelegislationinyourstateorterritoryrelatingtoregulationoftherealestateindustry,including propertysalesandmanagement.The Estate Agents Professional Conduct Regulations 2008. This Act (and the regulation) are the primary legislation covering property. It states: -The registration, licensing and on-going professional development of agents-Employment of staff, and supervision by licensees in charge xx Rules of conduct-Conflicts of interest-Advertising and representations-Agency agreements-Conduct of real estate sales agents, auctioneers and auctions-Selling price estimates and substantiations-Leasing and management of real estate-Trust account management-Availability of sales contracts-Record keeping and inspection of records-Complaints and disciplinary action The Estate Agents (Professional Conduct) Regulations 2018 set out the standard of conduct expected of agents and agents' representatives in their day-to-day dealings with clients (sellers and landlords) and consumers (buyers and tenants).They are in addition to the obligations set out under legislation such as the:-Estate Agents Act 1980-Sale of Land Act 1962-Residential Tenancies Act 1997-Retail Leases Act 2003-Australian Consumer Law and Fair Trading Act 2012.Identifyanddocumenthowagenciesmaintainup-to-daterecordsoflegislationandindustrycodes.Agencies have a variety of ways to stay up to date with legislation and industry codes. One way is to rely on the Real Estate Institute of Victoria to keeps the agency informed. Another way is to hire trainers to run information meetings with regards to any changes. It is also to be advised to:-Maintain memberships in organisations that benefit your area of real estate-Attend events that will provide education and networking-Attend regular training to keep up to date on new legislation and trends that affect your area of real estate-Attend industry events to keep up to date with technology. Choose services and resources that will save you time, increase your productivity, and add to your professionalism-Subscribe to Federal, State and local legislation newsletters that will give you information on changes that are coming-Keep a list of links to websites that you can access to provide information, and bookmark these for quick and easy access-Share news with your landlords when you have reviewed and updated your systems or attended educational events so that they are comforted that the agency is looking after their investment.Howareamendmentstolegislationandindustrycodestrackedandcommunicatedtostaff?
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©2015REAACPP40307CertificateIVinPropertyServicesIdentifyandnamethelegislationinVictoriarelatingtoethicsandprofessionalconductof estateagentsandagent’srepresentatives.
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