The REIA, on behalf of the state and territory Real Estate Institutes, has made a submission to the Fair Work Commission to vary the Real Estate Industry Award 2020 in response to the COVID-19 pandemic to keep as many real estate sales people employed as possible.
“Currently the Award requires that an agent make at least $54.5k pa – the Minimum Income Threshold Amount (MITA) - for the previous three years before they can be employed on a commission only basis,” said Mr Adrian Kelly, President of the Real Estate Institute of Australia.
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