Expert calls for more training for buyers' agents

By Phil McCarroll | 28 May 2015
One of New South Wales’ leading buyers’ agents believes the training necessary to operate in the state is inadequate. 

Currently prospective buyer’s agents in NSW are only required to complete approximately half the training necessary to become a real estate agent. 

Rich Harvey, managing director of buyers’ agency Propertybuyer and chairman of the NSW Buyers’ Agent Chapter believes at a minimum buyers’ should be required to complete the same training as real estate agents.

“To become a buyers’ agent you only need to complete half the modules, half the education a real estate agent does,” Harvey said. 

“Be it an investment property or a family home, as a buyers’ agent you’re dealing with people’s greatest assets and those people should be confident you have the right knowledge.”

Harvey believes agents and buyers would be better served if agents were required to complete an apprenticeship before they could operate. 

“It used to be you had to do a two year apprenticeship under a licenced agent and I think that’s a much better system.

“It’s like any industry and more than just a certificate counts, if a carpenter showed up at your house with a certificate but no hands-on experience you wouldn’t be too confident in them.”

Harvey said he has mandatory monthly training days for the agents his company to employ to ensure they can provide their customers with the best service. 

Harvey’s ideas have been supported by the Real Estate Institute of NSW (REINSW), with the body’s chief executive officer having called for a parliamentary inquiry into the industry if training requirements aren’t improved. 

“REINSW has drawn a firm line in the sand and has put government on notice that the education and regulatory oversight of the profession needs radical and immediate reform,” REINSW CEO Tim McKibbin said.

“If the government does not respond, it is our intention to seek a parliamentary enquiry for which we have strong support from the overwhelming majority of property stakeholders.”


Top Suburbs : glendenning , westbrook , springwood , st peters , toowong


Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here