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REISA scores another touchdown

28 Jan 14

Fresh from our success in 2013 with the legislative reforms, REI FormsNow, national licensing and record breaking professional development, REISA has scored another massive win for its members.

Last year, REISA tirelessly lobbied the Government to have the exemption for real estate transactions removed from the Electronic Transactions Act.

Under this legislation, real estate transactions could not be prepared or finalised electronically.

However, we believed – as did our members – that in today’s age of an increasing paperless society, it was ridiculous that every real estate transaction had to be written and signed in a hard copy format.

I am delighted that the State Government has accepted REISA’s submission and agreed that the exemption for real estate transactions be removed.

The benefits to industry and consumers will be enormous.   Agents and consumers will now save significant time and resources and have the undoubted convenience of conducting business electronically.

As you are aware, REISA’s new REI FormsNow platform is now operating at full steam and with a click of a button, this decision of the State Government can be implemented as soon it is finalised.

While there is still a process to be undertaken with this decision, REISA will keep you updated with any future developments.

2014 is shaping up to be another bumper year for REISA.