The National Real Estate Franchise Association (NREFA) was formed in August 1996 to develop the specialist needs of real estate franchising and to represent these needs to government and other bodies.

In most instances, activities undertaken by NREFA result in benefit to all real estate agents and the real estate industry as a whole, not just real estate franchising.

The founding principals and objectives of NREFA are:

1. To present the interests of members on Australian national real estate issues. In particular, to achieve a simplified uniform approach to industry licensing requirements.
2. To promote all aspects of the best practice within the real estate industry. In particular, to develop joint training initiatives and common competency standards as a catalyst to improve professionalism within the industry. This will build on the positive impact that franchising has already had on professionalism within the industry.
3. To examine the effects of technological advancements upon real estate practice and marketing and to look for cooperative ways to delivering technological benefits to member franchisors and their franchisees.
4. To represent the interests of members across general small business regulatory and tax issues. Government and industry liaison.

The Core Business activities of NREFA are:

1. Preparation of best practice resource material and training activity research.
2. Meetings and conference organisation, and networking facilitation.