Blockchain training added to WA agents’ expertise

Through a partnership with TecStack, the Real Estate Institute of Western Australia (REIWA) is now offering professional development training in blockchain technology.

This article was originally featured in Real Estate Business

The course, called “Blockchain – Enabling greater trust in the real estate industry”, will count toward licensed real estate agents’ compulsory professional development (CPD) points, which they are obligated to complete every year.

Delivered onsite at REIWA Training, TecStack’s program walks real estate professionals through the many ways that blockchain technology can assist property managers, buyers, sellers, and tenants in Western Australia.

REIWA chief executive Cath Hart praised TecStack’s expertise, noting she was proud to be able to facilitate the partnership with an innovative, female-led business.

“The 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.

And she noted that their members were already eager to take advantage of the training, with 210 professionals already completing the course.

“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.

“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,” Ms Hart said.

TecStack director Abheeti Pass said that with an influx of decentralised finance (DeFi) newcomers to the real estate market who don’t have access to traditional finance, it was essential that agents cultivated an understanding of how to best serve these clients.

“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.

And she added that as a Perth-based business, they were pleased to be able to support the West Australian community by lending their expertise.

“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,” she said.