W. B. Simpson & Son Principal, Richard Simpson has been elected as President of the Real Estate Institute of Victoria (“REIV”).

Richard is a fifth-generation real estate agent and has been heavily involved with the REIV over many years, including serving as Senior Vice President on the previous board.

He has also provided extensive input to a number of REIV committees, serving as Commercial & Industrial Chapter Chair for three years and Members Council Chair for two years.

Richard is a partner in the family business W. B. Simpson & Son, which is located in North Melbourne and has a history dating back over 145 years. Both Simpson’s father and grandfather were former presidents of the REIV.

Before to entering the real estate industry, Simpson was a Chartered Accountant with KPMG, where he specialised in the banking, finance and property development sectors. He holds a Bachelor of Commerce from Melbourne University as well as a Bachelor of Business (Property) from RMIT, where he majored in property valuations.

Mr Simpson said it was an honor to lead the REIV through what is an undoubtedly challenging period for the industry.

“Victoria is currently in the midst of the largest review of property legislation in the state’s history, with significant reform of the Residential Tenancies Act currently proposed.”

“It has never been more important for the views of our members to be heard at the highest levels of government,” he said.