REIWA and TecStack launch CPD blockchain training for WA real estate professionals in Australian first

In an Australian first, the Real Estate Institute of Western Australia and TecStack have partnered to bring compulsory professional development (CPD) blockchain training to WA real estate professionals.

Delivered onsite at REIWA Training, the non-technical new course gives students a thorough overview of how the application of blockchain technology can assist property managers, buyers, sellers, and tenants in WA.

To date, over 210 real estate professionals have been trained with a further 255 sales representatives having attended TecStack’s blockchain tokenisation presentation at REIWA's CONNECT Real Estate Conference on Friday 29 April.

REIWA CEO Cath Hart said the Institute was delighted to be able to partner with a female-led innovative business like TecStack to provide a blockchain course for the WA real estate industry that earns REIWA agents and sales representatives their CPD points.

“Blockchain is the future and is already making waves in the industry. It is essential that the real estate profession adapts and evolves with the changing technological environment to ensure the agent can cater to the changing needs of their clients – particularly as cryptocurrency and tokenisation grow in popularity.

“Blockchain applications such as smart contracts and tokenisation will help WA real estate professionals broaden their service offerings, facilitate tokenisation, increase transparency and trust, and streamline workflow efficiencies.

“The 'Blockchain – Enabling greater trust in the real estate industry’ course provides sales representatives and property managers with the tools to assist their clients and educate them about the benefits of blockchain and its relevance to the real estate industry. It also has the potential to create career flexibility moving forward,” Ms Hart said.

TecStack Director Abheeti Pass said there was an influx of decentralised finance (DeFi) newcomers to the real estate market who don’t have access to traditional finance and the blockchain training course would teach them how to best serve these clients.

“We are delighted to be able to partner with REIWA to help educate WA real estate professionals about the benefits and application of blockchain technologies in real estate. This is a fast-moving technology and those who adapt first will have the best chance of capitalising on the growing opportunity it provides.

“We are seeing whole new DeFi property markets and technology-enhanced property online services opening up and it is vitally important that today's real estate professionals know how to understand and cater to these emerging customers' needs, so they can build ongoing relationships based on trust and expertise," Ms Pass said.

TecStack is a Perth-based Blockchain consulting firm that educates organisations and industry on the changes, impacts and opportunities arising from this technology.