13 Oct 2010

Institute unhappy about planned levy increase

10:34 am on 13 October 2010

a hefty levy increase to fund the complaints process.

The Real Estate Institute is angry agents could have to pay a

a hefty levy increase to fund the complaints process.

Regulatory body the Real Estate Agents Authority wants the levy to rise from $495 to 760 a year.

The institute says the economic climate has placed a huge strain on the industry and many agents have been forced to leave.

But the authority says since it started work a year ago, it has received about 14 complaints about licensee conduct per week.

It says the planned levy increase reflects a high number of complaints.