Poor Analysis Will Leave Consumers Unprotected

March 24th,2014

The Real Estate Institute of Australia (REIA) has told the Council of Australian Governments (COAG) that the proposed new national licensing regulations for the real estate profession will rip away vital consumer protections for very limited benefit.

REIA President Ms Pamela Bennett says, "In our response, submitted today, we’ve made it clear that COAG’s Regulation Impact Statement (RIS) made no attempt to quantify the cost to consumers flowing from the proposed removal of commercial property licensing and the abolition of continued professional development (CPD)."