Mandatory CPD for real estate professionals

Real estate professionals will soon engage in mandatory continuing professional development. Pictures: PIXABAY

The Real Estate Institute of Queensland (REIQ) welcomed an announcement from the Attorney General on 22 March that mandatory continuing professional development (CPD) would be imposed on real estate practitioners in Queensland.

As the law currently stands, real estate practitioners are required to undertake initial educational training, however there are no ongoing educational and training requirements despite the increasingly complex legal and regulatory landscape they operate in.

REIQ CEO Antonia Mercorella said as a strong advocate for the establishment of an annual CPD regime for a decade, it was momentous for the REIQ to see it come to fruition.

“The REIQ are big believers in the critical importance of ongoing education to ensure professionals keep up with complex and ever-changing legislation and lift the professional standards,” Ms Mercorella said.

“When you consider the significant responsibilities bestowed on real estate professionals, including selling what’s often someone’s most valuable asset and managing trust accounts, it’s crucial that ongoing training requirements are imposed for consumer protection.

“This not only aligns with the expectations of the community but also with those of real estate professionals who are committed to delivering best practice standards.

“Following a decade of advocacy from the REIQ, it’s momentous to see the introduction of mandatory CPD, and we congratulate the Miles Government on delivering on this commitment.

“When mandating CPD, it’s important that there’s flexibility and agility in the required training to ensure its relevant, and so we look forward to helping to shape the content delivered through the Advisory Panel.

“Our members already reflect the REIQ’s commitment to lifelong learning being required to complete least 100 CPD points annually, in order to maintain membership.”