Aon has announced new partnerships with the Real Estate Institute of Victoria (REIV) and the Real Estate Institute of the Northern Territory (REINT).

Aon is also exclusively aligned with real estate institutes in Queensland and WA and is an endorsed provider to the peak national body the Real Estate Institute of Australia.

Client Director for Real Estate Richard Silberman says a softening of capital city property markets, bushfires and COVID-19 have created a “perfect storm” for real estate agents in Australia.

“That two real estate institutes have subsequently decided to make a change is a signal to the industry that we need a new approach,” he said.

The announcement follows the introduction of Aon’s new real estate insurance product solution.