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.
Download the full media release here:
Federal announcement of consumer credit reforms a positive for house listings Australia wide
REIA urges Victorian Government to safely restart Australia’s second biggest property market
Pandemic makes moderate impact on property: June Real Estate Market Facts
July Housing Finance Continues COVID Rollercoaster
Response to Tasmanian Government’s moratorium decision
Best rental affordability results since 2007: REIA
FIRST HOME LOAN SCHEME A WIN FOR BUYERS IN CITIES AND REGIONS
HOME OWNERSHIP FOR FIRST HOME BUYERS CRITICAL TO BUDGET 2020