Richard Simpson
Qualifications, Accreditations, Director & Other Training
Bachelor of Commerce
Bachelor of Business (Property)
Certificate IV in Business (Real Estate Practice)
Licensed Estate Agent REIV (CEA)
Former member of the Institute of Chartered Accountants with 10 years’ experience at KPMG in the Banking and Finance and Property industries
Various courses through the Australian Institute of Company Directors
REIV Director development supported by the AICD, Strategic Member Solutions and Associations’ Forum
Real Estate Experience
Managing Partner in the real estate firm W. B. Simpson & Son
Licensed Estate Agent since 2005
Over 20 years’ experience in leasing, selling, managing, and auctioning residential and commercial real estate
Other Roles, Directorships, Charitable and Voluntary Work
REIV Director – 2015 to current
REIV Senior Vice President - 2016/17
REIV President – 2017/18
REIV Vice President - 2020/21
Director, Real Estate Institute of Australia – 2018 to current
Director, Propertydataonline Pty Ltd – 2017 to current
Director, REI Superannuation Fund Pty Ltd – 2019 to current
Former Director of the REIV Charitable Foundation Ltd
Life Member, Malvern Baseball Club and Melbourne University Baseball Club
Top 3 Qualities
Leadership – as a past REIV President and the current Vice President, I have extensive experience in providing strong leadership for the REIV over many years.
Financial expertise – As a former Chartered Accountant, I have excellent understanding of financial accounting, management reporting, budgeting and risk management.
Strategic thinking – is a strength that I bring to the Board and have demonstrated over the course of my REIV Board tenure.
Top 3 Opportunities for the REIV
Leveraging the membership engagement momentum created over the past 18 months during the Covid-19 pandemic to grow and diversify the membership base.
Developing additional revenue streams and products to supplement the traditional Member subscription model.
Expanding the depth and breadth of the training and education offered by the REIV to its Members and to the profession.
Top 3 Challenges for the REIV
Leveraging the rich data of Propertydataonline to create new products for REIV Members and revenue streams.
The ever-changing technology available and how best to use it to deliver current and new REIV services to Members and information to the general public.
The recruitment and transition to a new CEO when the current CEO retires.
Reasons for Nominating
I am renominating so as to complete my final three year term. I believe that I add and will continue to add significant value to the REIV Board, especially given my understanding of Finance, Governance and Strategy developed throughout my 30+ years of business experience.
Other Information
The REIV Board has achieved so much since 2015 – the start of my first term of office – including recruitment of the current CEO and our focus on improving our Member engagement and our value proposition for Members. As a Board member, I have actively supported a number of important initiatives that I am very keen to see through to completion. These include the reinvigoration of the PDOL business, our
Choose a Member strategy, the raising of the professional standards of our Members and the Real Estate profession as a whole. I am seeking REIV Members’ endorsement to continue the strategies that I have helped to establish.