REIQ Welcomes Labor mandatory CPD promise

Felicity Moore

The REIQ has welcomed a newly elected Palaszczuk Government’s promise to introduce mandatory continuing professional development (CPD) for real estate professionals.
REIQ CEO Antonia Mercorella said the promise, made by Treasurer Jackie Trad in a letter to the CEO in the final days prior to the election, was the successful outcome the REIQ had been working towards.

“We have been lobbying hard for this outcome for the past three years and we congratulate Annastacia Palaszczuk on forming a majority government and recognising the importance of this measure,” she said.
“Mandatory CPD is an important consumer protection measure and will help ensure that all real estate practitioners are educated about the laws and more than 40 pieces of legislation that govern their profession and impact on real estate transactions.

“We know the majority of responsible working real estate agents support this. They are tired of labouring under the poor reputation that consumers have formed through interactions with the unprofessional few who fail to maintain their professional knowledge,” she said.

The REIQ’s position is that education is crucial for compliant, professional agents and requires all members to complete 100 points of CPD each year as a condition of membership.

“An examination of all disciplinary proceedings against real estate agents since 2013 shows that not once has an REIQ member been found guilty of breaching the relevant legislation. This is compelling evidence that speaks to the power of education,” she said. “Ongoing education teaches agents how to operate professionally and within the law and this is a win for consumers.”
Throughout 2017 Ms Mercorella and REIQ Chairman Rob Honeycombe met with all independent MPs and garnered unanimous support for mandatory CPD.

“This is a common sense measure that most can see will raise the standard of professionalism and improve the quality of service,” Ms Mercorella said.

“It will also bring Queensland into line with many other states that have already, or are in the process of, introducing mandatory CPD.

“We look forward to working closely with all key stakeholders to usher in a new era of professionalism for this sector.”


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