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Staying on top of real estate compliance issues

28 Dec 13

Many industries boast professional development courses that help workers hone their skills and gain an edge over the competition, but when it comes to a real estate career, professional development is especially important.

There is no shortage of legislation to ensure compliance in the Australian real estate industry, not to mention laws and regulations specific to South Australia. What's more, these laws can change over time, requiring new practices to be put in place.

This is why taking a real estate course that focuses on compliance is more than just a good way to improve your skills - it's a necessary step to ensure you're up to date with the law and best practices.

A wealth of options

When it comes to compliance, there are many areas in which real estate professionals may need to brush up.

One vital area is the documentation used in sales and settlements, as well as how to avoid common mistakes.

Another subject is how to avoid fines and other legal actions by ensuring you're in compliance with relevant legislation.

Yet another area that deserves careful attention is the setting of advertised property prices during the sales process.

The Real Estate Institute of South Australia (REISA) provides real estate courses that detail these and other subjects.

No matter how knowledgeable you are about the market, successful real estate professionals know there is always more to learn. And when it comes to compliance issues, being safe is always better than being sorry.

Therefore, regardless of how long you've been in the industry, it pays to consistently take relevant real estate courses that can help you stay in line with the law and grow your business.