Law reform welcomed by the real estate profession

Tuesday 23 October 2012
The Real Estate Institute of Queensland (REIQ) has welcomed the announcement that the State Government will simplify the key piece of legislation which regulates the real estate profession.

Attorney-General Jarrod Bleijie made the announcement at the REIQ’s Annual General Meeting in Brisbane today.

The reforms will involve splitting the Property Agents and Motor Dealers Act (PAMD Act) into four separate Acts to better reflect and represent each of the sectors. The State Government has also committed to reducing red tape during the reform process.

REIQ chairman Pamela Bennett said the REIQ had lobbied for many years on behalf of its members to have the PAMD Act streamlined.

“A review of the PAMD Act in 2008 reported that consumers, the industry and fair trading officials found the legislation difficult to navigate due to its breadth,” she said.

“The REIQ worked hard with the then-State Government to facilitate change and it was announced more than two years ago that the legislation would be split.

“Unfortunately, there has been little progression since that time, so the REIQ and the wider real estate profession congratulate the Attorney-General and the State Government for their commitment to simplifying the buying and selling process for all Queenslanders.”

Ms Bennett said the REIQ had been involved in consultation with the State Government since the election to ensure the needs of its members and the wider community were being addressed.

“The simplification of the legislation will not only make life easier for all those who work in the real estate profession but will also provide significant benefits to consumers during the buying and selling process,” she said.

“The REIQ will continue to work closely with the government to ensure the reforms are a success for buyers, sellers and agents.” Source: Real Estate Institute of Queensland

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