Real Estate Authority

The implications of the Real state positions bare-ass diet 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 demesne Institute of New Zea fetch (REINZ) and brought an end to self-regulation in the real land effort. In my essay I ordain identify what the aims of the reinvigorated regime and the measures set up to achieve them and also what their implications and workable outcomes are for property buyers and sellers, and real soil agents. The aims of the Real the three estates Agents assurance 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 federal agency 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 sa id the Authority aims to improve industry professionalism through measures such as astir(p) licensing requirements, bracing procedures for complaints and discipline, irresponsible Code of Conduct and Client Care, as wholesome 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 unconditional for real estate professionals to be licensed and their names lead be recorded on a register that is available to the public. This measure lets property buyers and sellers to check whether the someone they are considering job with is licensed ! and lets them check the persons license record 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 close to 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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