Real Estate Authority

The implications of the Real state positions bare-ass victuals aim to benefit both consumers and the real ground diligence. In November 2009 the Real realm Agents situation (REAA) was established and replaced the Real landed the three estates Institute of New Zealand (REINZ) and brought an end to self-regulation in the real land labor. In my essay I ordain identify what the aims of the in the altogether regime and the measures set up to achieve them and also what their implications and feasible outcomes are for property buyers and sellers, and real estate agents. The aims of the Real ground Agents government agency are to provide greater transparency, raise industry standards, and increase consumer protection and to support the work of real estate professionals. In the article Real Estate Agents indorsement Launched, Authority Board Chair Kristy McDonald states its purpose is to protect consumer interests and to promote office in the real estate industry. M s McDonald said the Authority aims to improve industry professionalism through measures such as astir(p) licensing requirements, new-fashioned procedures for complaints and discipline, irresponsible Code of Conduct and Client Care, as easily as providing guidelines for consumers (2009).

One of the responsibilities that the Authority has is licensing agents, branch managers and sales psyches individually. It is imperious for real estate professionals to be licensed and their names will be recorded on a register that is available to the public. This measure lets property buyers and sellers to check whether the psyche they are considering barter with ! is licensed and lets them check the persons license floor and see whether the licensee has any recent disciplinary action recorded. grim licensing has helpful implications for sellers, as it allows them to make informed decisions when choosing the right person to help them sell their home by providing them with information almost people working in the industry. For real estate agents, it is no longer...If you want to get a full essay, order it on our website: BestEssayCheap.com

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