Society has changed. Expectations have changed. Everything has changed, except the way we deal with the transaction. We need to look at the services we’re providing and the value those services afford to our clients – not just in the short term, but over a much longer period. We need to look beyond the immediate transaction.

As agents, we’re in a unique position to extend and deepen our involvement in all stages of the real estate transaction by building and nurturing relationships with clients that extend beyond the obvious moments of buying, selling and leasing.
We need to position ourselves as professionals at the centre of each and every real estate transaction. We need to offer a wide range of services to our clients, provide creative solutions to complex problems and give sound information and advice about the property and the market. And we need to have a reputation for providing a high level of service and behaving ethically and honestly. Everything we do must be about increasing the quality of our service, rather than attempting to resist the changing environment around us.
Our industry is at a crossroads – one that presents us with the most critical choice we’ve been posed in more than 100 years.

Which road will you take? Will you tread the track of least resistance and continue with the status quo? Or will you boldly set out on the pathway toward professionalism?

At REINSW, we believe the right decision is clear. That’s why we’ve been working closely with the Professional Standards Councils and its agency, the Professional Standards Authority, as well as and industry leaders over the last couple of years to map out our path to being formally recognised as a profession. 

Our journey will require us all to change – our attitudes, our behaviours and the way we collectively present ourselves. But by working together we can be the change we want to see.

John Cunningham
REINSW President

 The five Es

REINSW, in conjunction with REIA, are working with the Professional Standards Councils (PSC) and its agency, the Professional Standards Authority, to explore how real estate agents can be formally recognised as a profession.

The PSC uses the 5 Es to define the elements that are necessary to qualify as a profession. Over the course of 2017, we’ll be featuring an article about one of the following Es to explain the pathway forward. 

The five Es are:
  1. Ethics
  2. Education
  3. Experience
  4. Examination
  5. Entity

We believe  we need to add another E: Evolution.

1. Evolution 
We believe we need to add another E: Evolution.
It is not the strongest of the species that survives, nor the most intelligent. It is the one that is most adaptable to change. So said the father of evolution himself, Charles Darwin. At a time when the real estate industry is facing a growing number of challenges, how do we evolve into a profession in order to ensure our survival?
Find out more >>>

2. Ethics
If you think ethics is just for philosophers and intellectuals, think again. Ethics are at the core of everything we do and shape our behaviours. As our industry travels the pathway to professionalism, we must decide the guiding principles that define our collective behaviours and strive to always act in accordance with them.
Find out more >>>

3. Education 

"Upon the subject of education … I can only say that I view it as the most important subject which we as people can be engaged in.” So said Abraham Lincoln – and it’s a sentiment we need to wholeheartedly embrace as our industry seeks to evolve into a profession.
Find out more >>>

4. Experience
Calvin Coolidge, the 30th President of the United States of America, once said: “Knowledge comes, but wisdom lingers.” These words uttered in the 1920s ring true today, as the real estate industry works toward the goal of achieving professional recognition.
Find out more >>>

5. Examination
It’s one thing to say you're ethical, educated and have relevant experience. It’s another to prove it. Find out how professionals prove they are keeping their promises in the community through examination.
Find out more >>>
More information on Entity will be featured in the Real Estate Journal in the next edition. 

The timeline of Professionalism

September 2017
A stellar line-up of the industry’s most influential and respected agents spoke about the Pathway to Professionalism at REINSW’s Future Agent Summit at the Sydney Mint.
Watch the highlights video and hear from attendees here >>>

July 2017
Over 60 real estate industry leaders gathered together to action plans for professionalisation at REINSW’s Property Professional Prelaunch Think Tank.
Watch the speakers here.

March 2017
As REINSW continues to push forward in the quest for professional recognition of our industry, the Property Professionals Advisory Group (PPAG) has been formed to examine the underpinning framework we need to put in place to achieve our goal.
More >>>

November 2016
Agents at the Industry Summit recognised the need to increase professional standards as the way forward.
More >>>

November 2016
November 2016 Minister for Innovation and Better Regulation, Victor Dominello, announced a landmark series of reforms that will have a real and lasting impact on the way agents in NSW are educated.
More >>>

 More information

Catch up on all our articles and news items on Professionalism.
More >>>

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