Agent Information

The Real Estate Institute of Australia (REIA) is the national professional association for the real estate industry in Australia.

Since 1924, REIA has worked to represent real estate industry interests. REIA is a politically non-aligned organisation that provides researched and well-informed advice to the Federal Government, Opposition, media, and the public on a range of issues affecting the property market. REIA has an excellent reputation as the most credible source of knowledge and considered opinion regarding the commercial and residential property markets in Australia.

REIA has eight members, comprised of the State and Territory Real Estate Institutes, through which about 80 per cent of real estate firms and licensed agents are collectively represented.

REIA has entered into strategic alliances with the National Real Estate Franchise Association of Australia (NREFA) , First National Real Estate and Australian Commercial Property Agents Association (ACPAA), strengthening its research and policy focus in residential and commercial real estate.

REIA also represents Australian real estate internationally as a founding member of the International Consortium of Real Estate Associations (ICREA), a principal member of the International Real Estate Federation (FIABCI) and as a co-operating association with the National Association of Realtors (NAR) in the USA.

The REIA has long standing links with REI Super, an industry fund which operates specifically in the property sector.

Visit: www.reisuper.com.au

New Australian Pay and Classification Scale for real estate agents
The Australian Fair Pay Commission has announced the determination of a new Australian Pay and Classification Scale for real estate agents paid by commission only: the Real Estate Agents’ (Commission Only) Australian Pay and Classification Scale, [2007] APCS 3. To see an REIA summary of the decision, click here. To see a fact sheet, click here. To read the full decision by the Australian Fair Pay Commission, click here.

COMPLY WITH DO NOT CALL REGISTER ACT OR FACE PENALTIES
Real estate agents have been advised by the Australian Communication and Media Authority (ACMA) to ensure they comply with the Do Not Call Register Act 2006 or they are likely to face penalties. Since 31 May 2007, when the Act took effect, it has been unlawful to make a telemarketing call, or cause a call to be made, to a telephone number entered on the Do Not Call Register. To enable businesses to comply with the Act, a ‘washing’ service is in place which allows businesses to compare their calling lists against the Register and identify which numbers they can and cannot call.

ACMA advises that real estate agents cannot rely on ‘washed’ data lists purchased from external providers. Real estate agents should wash any calling lists they use themselves, within the 30 days prior to the call being made. This can be done at: donotcall.gov.au Calls may only be placed to phone numbers which are not registered on the Register.

REIA is working with ACMA to develop guidelines for the real estate profession on the Do Not Call Register.