SA lobbies for mandatory real estate licensing
South Australia's peak real estate body is calling for property managers to become licensed to ...
South Australia's peak real estate body is calling for property managers to become licensed to ensure the protection of landlords and tenants in all stages of a rental transaction.
Greg Troughton, chief executive officer of the Real Estate Institute of South Australia (REISA), said enforcing licensing in the state will guarantee professional and fair treatment in the residential property sector.
"With national licensing for real estate professionals on the agenda, there has been broad agreement that property managers will be licensed, to align with other states and territories, but REISA wants licensing introduced sooner rather than later, for the benefit of all South Australians," Mr Troughton explained.
The real estate expert went on to say that licensing is already mandatory in several other states and territories of Australia, therefore, it is important to bring SA into line with the rest of the country.
"It has to be remembered that property managers have the responsibility of assisting people in securing shelter and conflict needs to be handled with respect, whilst still abiding by the law," he added.
The Property Council of Australia (PCA) lodged a submission last year to replace the current state-based real estate licensing regulations with a single national scheme.
The PCA's proposal also recommended that the non-residential building sector be exempt from any licensing regulation.