Real Estate Award Summary - Employment Innovations

Real Estate Industry Modern Award

The real estate industry in Australia is a dynamic sector that covers various businesses such as property management services and real estate sales. Real estate plays a pivotal role in our society, meeting the needs of the modern landscape with constant adaptation, innovation, and oversight.

Despite the vitality of this industry, there are nuanced intricacies and potential challenges faced by businesses within the real estate sector. The scope of responsibilities within this industry is broad, spanning from managing a team of skilled real estate professionals to ensuring adherence to local regulations and upholding the highest standards of service. Safety and compliance issues are at the forefront of concerns, given the potential risks associated with property transactions. The need for precision, legal expertise, and customer satisfaction is ever-present.

Much like other specialised professions, the real estate industry contends with the continuous endeavour of attracting and retaining talented individuals who possess the necessary skills and a genuine passion for the field. Our team has written a comprehensive summary of the Real Estate Award, offering clarity on industry specific requirements, obligations, and compliance laws.

The real estate industry in Australia is a dynamic sector that covers various businesses such as property management services and real estate sales. Real estate plays a pivotal role in our society, meeting the needs of the modern landscape with constant adaptation, innovation, and oversight.

Despite the vitality of this industry, there are nuanced intricacies and potential challenges faced by businesses within the real estate sector. The scope of responsibilities within this industry is broad, spanning from managing a team of skilled real estate professionals to ensuring adherence to local regulations and upholding the highest standards of service. Safety and compliance issues are at the forefront of concerns, given the potential risks associated with property transactions. The need for precision, legal expertise, and customer satisfaction is ever-present.

Much like other specialised professions, the real estate industry contends with the continuous endeavour of attracting and retaining talented individuals who possess the necessary skills and a genuine passion for the field. Our team has written a comprehensive summary of the Real Estate Award, offering clarity on industry specific requirements, obligations, and compliance laws.

Common questions on leadership development

What is the Real Estate Modern Award?

The Real Estate Modern Award is a legal document in Australia that outlines the minimum employment standards, pay rates, and working conditions for employees in the real estate industry.

What roles in the real estate sector does the award cover?

The award covers a wide range of roles within the real estate sector, including property managers, sales agents, administrative staff, and property inspectors, ensuring that all employees receive fair treatment and compensation.

How does the award address minimum wage rates?

The Real Estate Modern Award sets out specific wage rates and classifications for different job roles within the industry, ensuring that employees are paid in accordance with their skills and experience.

Are there provisions for working hours and overtime?

Yes, the award specifies ordinary working hours and overtime rates, safeguarding employees from excessive work hours and ensuring they are compensated fairly for any additional time worked.

How can employers and employees use the award for dispute resolution?

The Real Estate Modern Award serves as a reference point for dispute resolution by providing clear guidelines on employment standards. If conflicts arise, it can be used to help resolve issues related to wages, working conditions, and other employment matters.

Need more help?

All advice is general in nature, for advice specific to your situation, please get in touch with one of our HR Partners.

Our team at Employment Innovations are able to offer tailored workplace advice. If you need any assistance with payroll processing, employment contracts, Modern Awards, enterprise agreements, workplace advice or require access to our full HR document library, contact us to speak with one of our HR experts.