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 earth Institute of New Zea undercoat (REINZ) and brought an end to self-regulation in the real land diligence. In my essay I ordain identify what the aims of the spick-and-span regime and the measures set up to achieve them and also what their implications and practicable outcomes are for property buyers and sellers, and real nation agents. The aims of the Real nation Agents bureau 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 ascendency Launched, Authority Board Chair Kristy McDonald states its purpose is to protect consumer interests and to promote authorisation in the real estate industry. Ms McDonald said t he Authority aims to improve industry professionalism through measures such as astir(p) licensing requirements, refreshing procedures for complaints and discipline, irresponsible Code of Conduct and Client Care, as considerably 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 pass on be recorded on a register that is lendable to the public. This measure lets property buyers and sellers to check whether the individua l they are considering concern with is lic! ensed and lets them check the persons license level and see whether the licensee has any recent disciplinary action recorded. inexorable 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 around 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: OrderCustomPaper.com

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