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Staff Reporter
The Queensland government has announced plans to simplify the legislation that governs the real estate industry.
In a move that’s been welcomed by the Real Estate Institute of Queensland (REIQ), attorney-general Jarrod Bleijie said 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.
According to the REIQ, 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.”
“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.
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