REAL estate peak body, The Real Estate Institute of Queensland, has called on the State Government to honour its more than two-year-old promise to introduce mandatory CPD to the real estate profession.
REIQ Chairman Rob Honeycombe said the Government had been stalling since taking office and enough was enough – it was time to come good on the promise.
“Queenslanders are staring down the barrel of another election and before our politicians start wheeling out more promises, we’re asking them to deliver on the promises they’ve already made,” Mr Honeycombe said.
Minister for State Development and Minister for Natural Resources and Mines Anthony Lynham spoke at the REIQ Awards for Excellence before 600 real estate professionals and gave a public commitment that the Palaszczuk Labor Government would introduce this important consumer protection measure in its first term.
Treasurer Curtis Pitt also agreed that this was “a no brainer” and gave the REIQ a firm commitment that mandatory CPD would be introduced.
“Two leading Government ministers, Cabinet members no less, have given us their word that mandatory CPD would be introduced,” Mr Honeycombe said. “Why hasn’t it been done?”
“More than 50,000 Queenslanders work in real estate and the profession would benefit significantly from increased levels of consumer protection and trust that this measure would bring,” Mr Honeycombe said.
“Lawyers, accountants and financial planners all handle people’s personal wealth and must undertake ongoing CPD – why should real estate be any different?
“A real estate agent can get their qualifications and never step foot in a classroom again for the next 50 years.
“Real estate agents are handling a person’s biggest asset, worth hundreds of thousands of dollars, and the consumer has no guarantee their agent is up to date with legislation changes or other industry issues – why aren’t those consumers worth protecting, Ms Palaszczuk?” Mr Honeycombe said.
REIQ CEO Antonia Mercorella and Chairman Rob Honeycombe have also met with all independent MPs and garnered every crossbencher’s support.
“We’ve met personally with every independent and we have iron-clad support for introducing mandatory CPD to the real estate profession,” Mr Honeycombe said.
“In addition, we have spoken with Opposition Government and we know this is an issue that has bi-partisan support,” Mr Honeycombe said.
Mandatory CPD would bring Queensland into line with other states, where minimum education requirements ensure every real estate practitioner must maintain their professional knowledge every year to retain their licence to operate.
The proposed model would also bring all Queensland real estate practitioners up to the same professional standard that is currently met by REIQ members.
“Our members complete 100 points of CPD training every year and this helps to ensure their professional knowledge about the legislation and the rules that govern this sector is up to date.
“Consumers need to know that the person handling their largest asset, the source of their personal wealth, is trained and, importantly, spends time maintaining their professional knowledge every year,” Mr Honeycombe said.
“Quite frankly, I’m surprised the Government doesn’t seem to agree that consumer protection is important.”
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