Real Estate Institute of Tasmania

What Real Estate Institute of Tasmania does

The Real Estate Institute of Tasmania (REIT) is a membership-based industry body founded in 1945 that represents more than 170 real estate agents and their staff across Tasmania, a coverage footprint that the organisation states equates to up to 95% of real estate professionals in the state. Its core service set spans four interconnected functions: industry representation and government lobbying, member-facing operational resources (REIT RealForms digital contracts and forms portal, insurance, member directory), professional training delivered through its own Registered Training Organisation (Provider Number 0412, granted 1999), and market intelligence (Property Focus Tasmania quarterly reports and Suburb Reports).

The training portfolio is structured as a legislatively anchored progression — Property Representatives Course for entry, Certificate IV in Real Estate Practice (CPP41419), and the Diploma of Property (Agency Management) (CPP51122) which is the qualification required for principals to legally operate an agency in Tasmania — supplemented by Individual Qualification Clusters, Recognition of Prior Learning, Continuing Professional Development, and Commonwealth-funded traineeships. Course delivery is operationalised through the Learning Hub, an online learning management system (built on the CLS/axcelerate platform) supporting online, classroom, and distance formats.

REIT is a member of the Real Estate Institute of Australia (REIA) and operates under a community-led go-to-market model. Revenue is generated through recurring annual membership subscriptions (the dominant stream) and fee-for-service training and education income. Pricing is not publicly disclosed. The organisation is privately held as a non-profit member association, is headquartered at REIT House, 33 Melville St, Hobart, and is staffed by a small team of 6-10 led by CEO Michelle Tynan and State President Russell Yaxley, with training overseen by Head of Training Tameka Smith. Strategic positioning in 2024-2025 has centred on preparing members for the 1 July 2026 AML/CTF regime, including a compliance partnership with First AML and a dedicated resource suite.

Name

Real Estate Institute of Tasmania

Legal name

The Real Estate Institute of Tasmania

Website

https://reit.com.au

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

1–10 employees

Short description

REIT is the peak Tasmanian industry body for real estate professionals, representing 170+ agents and operating as a Registered Training Organisation delivering legislatively required qualifications, member services, and market intelligence across Tasmania.

Ownership category

akta.pro rank

Product category

Real Estate Professional Training and Industry Services

NAICS

Colleges, Universities, and Professional Schools (61131), Other Activities Related to Real Estate (531390)

SIC

Real Estate (6500)

akta.pro industry

PRIMARYEDABALAW

Real Estate & Property Services

Education/Corporate Training & Professional Development/Industry-Specific Professional Training (e.g., Healthcare, Manufacturing, Construction)

Keywords

• Real estate training
• Professional development
• Industry membership
• Real estate forms
• Property market reports

Headquarters

HQ city

Hobart

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Membership Fees: Annual membership fees from real estate agents and agencies representing up to 95% of real estate professionals in Tasmania
2. Training and Education Services: Fees for nationally recognized qualifications including Certificate IV in Real Estate Practice, Diploma of Property, Property Representatives Course, and Continuing Professional Development courses

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

The Real Estate Institute of Tasmania is a member organization that represents the views and professional needs of more than 170 real estate agents and their staff across Tasmania. It delivers nationally recognized training qualifications (Property Representatives Course, Certificate IV in Real Estate Practice, Diploma of Property Agency Management), continuing professional development, a digital forms and contracts platform, quarterly property market reports, and industry advocacy with government.

Product overview

The Real Estate Institute of Tasmania (REIT) operates as a membership organization and Registered Training Organisation (RTO #0412) offering a comprehensive suite of professional real estate education and industry services. The core educational portfolio includes progressive qualifications from entry-level Property Representatives Course through Certificate IV in Real Estate Practice (CPP41419) to the advanced Diploma of Property (Agency Management) (CPP51122) required for agency principals. Supporting offerings include Individual Qualification Clusters for modular learning, Continuing Professional Development courses, traineeships, and Recognition of Prior Learning assessments. The product ecosystem is supported by the Learning Hub online platform for course delivery and the REIT RealForms digital forms system. Market intelligence products include Property Focus Tasmania quarterly reports and Suburb Reports. The 2026 Anti-Money Laundering compliance framework represents an emerging service area with training resources and First AML partnership integration. Collectively, these products serve the REIT's mission of representing over 170 real estate agents and maintaining professional standards across Tasmania's real estate industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Representatives Course Entry-level qualification course providing foundational knowledge and skills required for property representative roles in the Tasmanian real estate industry. Delivered to aspiring real estate professionals through REIT's RTO.
• Certificate IV in Real Estate Practice (CPP41419) Nationally recognized qualification meeting legislative requirements for real estate professionals in Australia, available through traineeships and standalone enrollment through REIT's RTO.
• Diploma of Property (Agency Management) (CPP51122) Advanced qualification required under Tasmanian legislation for principals to legally operate their own real estate business, covering agency management and leadership. First offered by REIT in 2001.
• Continuing Professional Development (CPD) Courses Ongoing professional education offerings including online, webinar, and classroom-based courses for licensed real estate professionals to maintain skills and meet regulatory CPD requirements.
• Traineeships Commonwealth-funded structured training programs combining practical work experience with formal qualification, typically 24 months in duration, specifically designed for the real estate profession.
• Learning Hub Online learning management system (powered by Axcelerate/CLS) providing access to enrolled courses, training materials, progress tracking, and certificate downloads for completed training at REIT.
• REIT RealForms Digital platform providing REIT members with access to standard real estate forms, contracts, and documentation templates used in Tasmanian property transactions and tenancies.
• Property Focus Tasmania (Market Reports)

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• First AMLcoreTechnology or IntegrationREIT announced partnership with First AML, a leading provider of regulatory technology solutions. First AML's all-in-one AML/KYC platform assists members in meeting compliance requirements through seamless system integration. First AML has been delivering AML solutions to the Real Estate Industry in New Zealand and the UK for 6 years, providing end-to-end solutions ensuring Real Estate businesses stay compliant.
• Real Estate Institute of Australia (REIA)coreStrategic or Co-development PartnerREIT is a member of the Real Estate Institute of Australia, the national body based in Canberra representing all state and territory real estate institutes. REIA addresses national issues including tax reform affecting real estate, lobbying for consistent national education standards and licensing, anti-money laundering legislation, and national industry awards.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Regional players

• TAFE Tasmania: Tasmania's public vocational education provider, also delivering real estate qualifications including Certificate IV and Diploma. Operates in the same Tasmania catchment as REIT and competes on subsidized training pricing, but lacks REIT's member-body and advocacy functions.

Emerging players

• Open Colleges (seeing through Open Training Institute): Large national online RTO delivering CPP41419 Certificate IV and CPP51122 Diploma of Property. Competes with REIT for traineeship and qualification enrolments on price and online convenience, without Tasmania-specific content or member benefits.
• Kaplan Professional: National RTO offering real estate and property qualifications online. Competes for Tasmania-based enrolments with flexible online delivery; a comparable competitor to REIT's training revenue line without any industry-membership component.

Direct peers

• Real Estate Institute of Western Australia (REIWA): Western Australia's state peak real estate body offering membership, training, and member services. Comparable membership-plus-training model to REIT and shares the same REIA affiliation.
• Real Estate Institute of New South Wales (REINSW): NSW's state peak body for real estate professionals with a parallel RTO and membership structure. Same offering architecture as REIT — professional memberships, training, advocacy, member benefits — at materially larger scale.
• Real Estate Institute of Queensland (REIQ): Queensland's state institute operating membership, training, and advocacy for real estate professionals. Direct functional analog to REIT in structure and value proposition, though serving a larger and faster-growing market.
• Real Estate Institute of Victoria (REIV): Victoria's state-level real estate institute operating the same membership-body-plus-RTO model as REIT. Directly comparable in services (training, advocacy, forms, CPD, awards) and serves a much larger professional base; useful benchmark for product and revenue scaling.
• Real Estate Institute of South Australia (REISA): South Australia's state real estate institute providing industry representation, training, and member services. Operates the same combined membership-body-and-RTO model as REIT in a similarly small market.

Broad incumbents

• Property Council of Australia: National industry body representing the broader property sector (developers, owners, agents, advisors). Overlaps with REIT in industry advocacy and government lobbying but covers the entire property industry rather than real estate agency professionals specifically.
• Real Estate Institute of Australia (REIA): The national peak body of which REIT is a member; addresses national policy (tax reform, AML, licensing) and runs the national awards. Acts as the federal umbrella over REIT and the other state institutes, with broader scope but no direct training delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Real Estate Institute of Tasmania