REIQ welcomes the new financial year and sets the record straight

Industry News,  Principals,  Property Managers,  Salespeople

The Real Estate Institute of Queensland (REIQ) has welcomed the new financial year with an exciting and comprehensive training program explaining the most significant rental legislative reforms in the past decade.

Throughout July, we’re travelling across the State assisting property managers and principals and answering questions about the new tenancy laws.

This latest initiative carries on the REIQ’s proud 104-year-old tradition to fearlessly represent and advocate on behalf of the State’s real estate profession.

With that sentiment and resolve in mind, the REIQ must address with disappointment recent false and misleading statements made by the Real Estate Institute of Australia (REIA).

In 2015, the REIQ’s resignation from the REIA followed much consideration about the best interests of the dedicated real estate professionals it represents.

Put simply, the REIA wasn’t offering value for money and the REIQ could not justify the exorbitant annual $300,000 membership and associated fees which offered little or no value to our boots on the ground members.

Our stakeholders rightly expect us to utilise our precious and limited financial and human resources to best serve all concerned.

The REIQ acknowledges the REIA has since made some progress in restructuring its operations to be more cost effective. However, it remains our view the REIA’s focus is misaligned to what a truly effective national body should be, and it is still not in our interests and the interests of our membership to re-join.

As a result of the REIQ’s stand, the REIA has now resorted to bullying and calculated, underhanded tactics in an endeavour to destabilise the REIQ’s solid membership foundation which is built on professionalism, integrity and trust. Documents leaked to the REIQ outline the REIA’s sordid campaign.

The REIA alleges the REIQ is “the only non-member state or territory” and that it is depriving Queensland real estate agents a voice in relation to national issues.

This is wrong.

Based on information shared with us, the REIQ and at least one other REI is no longer a member of the REIA. Further, despite our resignation from the REIA, the REIQ has continued to lend support and a voice to national issues and has always maintained a collaborative relationship with each of the State and Territory Real Estate Institutes (REI’s) and the REIA. We have also freely shared resources, materials, and information at no charge with the REIA and the Real Estate Institute network in the best interests of the industry Australia-wide.

That said, we also know Queenslanders expect us to concentrate on issues which matter to Queenslanders. For this reason, the REIQ has focussed on strengthening its membership value proposition, as well as advocacy and policy functions. Today, we are independently regarded as one of Australia’s most dominant and effective Real Estate Institutes and our advocacy achievements have been recognised nationwide.

The REIA’s recent poor behaviour, and unkind communications strategy only reinforces the reasons why the REIQ issued our resignation, as have other REIs during their history, noting lack of value and poor REIA member experience.

REIQ representatives recently offered to meet with the REIA to no avail, and instead we find ourselves confronted with an industry dummy spit which is demeaning and embarrassing not only for the REIA but for the real estate industry as a whole.

Moving forward, it’s hoped the REIA takes a hard look at its governing culture and operations and addresses internal issues which have led to the REIQ and other REI’s leaving its ranks over time.

With sincerity, the REIQ hopes to put this matter behind us, and is committed to working with all parties as amicably as possible in the future to strengthen the State and National positions of our dynamic and rewarding real estate profession.