Submitted 22nd January 2026
This submission from the Real Estate Institute of New South Wales (REINSW) responds to the NSW Government’s proposed reforms to underquoting laws and the continuing professional development (CPD) framework for property agents. It outlines industry concerns and practical recommendations to ensure reforms improve transparency, consumer confidence and professionalism without creating unnecessary regulatory burden.
The submission supports measures that strengthen pricing accuracy and disclosure, while advocating for greater flexibility in how agents determine estimated selling prices, particularly in complex or regional markets. It also calls for clearer guidance, better access to sales data and proportionate enforcement.
On CPD, REINSW highlights the need for higher quality, more relevant training and stronger oversight of providers. It recommends closer collaboration with NSW Fair Trading to deliver consistent, practical education that supports compliance and lifts professional standards across the industry.
Overall, the submission aims to ensure the proposed reforms are workable, effective and aligned with real-world agency practice.