Real Estate Authority

The implications of the Real state positions bare-ass forage 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 poped landed estate Institute of New Zealand (REINZ) and brought an end to self-regulation in the real land fabrication. In my essay I ordain identify what the aims of the late regime and the measures set up to achieve them and also what their implications and viable outcomes are for property buyers and sellers, and real estate agents. The aims of the Real realm Agents position 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 government agency Launched, Authority Board Chair Kristy McDonald states its purpose is to protect consumer interests and to promote authority in the real estate industry. Ms McDonald said t he Authority aims to improve industry professionalism through measures such as astir(p) licensing requirements, invigorated procedures for complaints and discipline, irresponsible Code of Conduct and Client Care, as surface 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 needed for real estate professionals to be licensed and their names pass on be recorded on a register that is lendable to the public. This measure lets property buyers and sellers to check whether the soulfulness they are considering transaction with is licens! ed and lets them check the persons license level and see whether the licensee has any recent disciplinary action recorded. demand 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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