PHOTO: The process to becoming a real estate agent takes too long, according to an expert. Photo credit: Getty
The real estate industry is facing a shakeup with three major organisations calling for a review of the qualifications necessary to become an agent.
The Real Estate Institute of New Zealand (REINZ), the Real Estate Authority (REA) and the Skills Organisation (Skills) are working together to shorten the process of becoming a real estate agent to ensure a “robust, local, fit for purpose and efficient qualification”.
Bindi Norwell, Chief Executive at REINZ says the current qualifications need improvement.
“It takes too long to complete and doesn’t meet the expectations of a regulated profession.”
With a number of extremely experienced branch managers and agents due to retire within the next five to 10 years, we need a qualification programme that ensures highly skilled professionals will join the sector.”
As it stands now, real estate salespeople need to complete a course which takes between three and eight months. From there, they can continue on to become a branch manager, which takes between four and six months, and then an agent – a further 18 months.
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