President of the Real Estate Institute of New South Wales (REINSW) Leanne Pilkington, has welcomed changes passed in NSW Parliament that will reform training requirements of real estate agents.
“We’re absolute thrilled,” said Pilkington. We have been working for this change for the past 10 years. The current training course to become an agent is just five days, and some training agencies, to attract business, were saying they’ll do it in four or even three.”
Pilkington added that it was “crazy” that you need more training to become a barista than a real estate agent.
According to the reforms, the prerequisites for a career in real estate will increase by 600%, with a higher barrier to entry and stricter annual training requirements.
To become a real estate agent in South Australia, you must complete either Certificate IV in Property Services, or Diploma of Property Services (to run an agency).
Both of these courses are offered through the Real Estate Institute of South Australia (REISA) and can be done full-time in 6 weeks or part-time over a six to eight-month period.