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:
COVID-19 PANDEMIC SEES FIRST HOME BUYERS INCREASE MARKET SHARE BY 50.4%
HOUSING FINANCE RECORDS CONTINUE TO TUMBLE IN 2021
REIA News – February 2021
REGIONAL PREFERENCES MEANS REGIONAL REFORM FOR HOUSING IS NEEDED
SHOW WILL GO ON FOR AUSTRALIAN REAL ESTATE AS FACEBOOK REMOVES POSTS
REIA LISTS 12 PRIORITIES FOR THE FEDERAL GOVERNMENT TO ADDRESS IN THE BUDGET
CHRISTMAS GIFT FOR HOUSING AS LENDING FINISHES IN 2020 ON A RECORD HIGH
REIA News – January 2021