Real estate agents push back against Napthine's reforms: Tweet of the day

A month out from a state election, the Victorian Napthine government has seriously stung the state's real estate agents.

Last week, the government announced that agents handling the sale or lease of commercial real estate valued over $15 million or at with floor space of least 10,000 square metres will no longer need a licence.

Some licensed real estate agents, including Geoff White of Lucas Real Estate, aren't happy.

The Real Estate Institute of Victoria has already pledged $1 million to campaign against the government's changes, which it claims will damage small business and increase risks for consumers as agents may not be required to use trust accounts or have insurance.

The Coalition government claims the measures will "reduce red tape".