REIQ welcomes mandatory continuing professional development

The Real Estate Institute of Queensland (REIQ) has applauded the Attorney General’s announcement that mandatory continuing professional development (CPD) will be imposed on real estate practitioners in the state.

Currently, real estate professionals in Queensland are required to complete initial educational training but are not obligated to undertake ongoing education and training, despite the increasingly complex legal and regulatory landscape they operate in.

Antonia Mercorella, CEO of the REIQ, described the introduction of mandatory CPD as “momentous,” as the institute has been advocating for an annual CPD regime for a decade.

“As the peak body for real estate professionals, 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.

She emphasized the significant responsibilities entrusted to real estate professionals, such as selling valuable assets and managing trust accounts, making ongoing training requirements crucial for consumer protection.

Ms Mercorella noted that the move aligns with the expectations of both the community and real estate professionals who are committed to delivering best practice standards.

The REIQ congratulated the Miles Government on delivering on this commitment and expressed eagerness to help shape the content delivered through the Advisory Panel, ensuring that the required training remains relevant, flexible, and agile.

REIQ members are already required to complete at least 100 CPD points annually to maintain their membership, reflecting the institute’s commitment to lifelong learning.