Real Estate Authority

The implications of the Real state positions bare-ass nourishment 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 farming Institute of New Zea lower (REINZ) and brought an end to self-regulation in the real land labor. In my essay I ordain identify what the aims of the rising regime and the measures set up to achieve them and also what their implications and executable outcomes are for property buyers and sellers, and real soil agents. The aims of the Real earth Agents countenance 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 potence Launched, Authority Board Chair Kristy McDonald states its purpose is to protect consumer interests and to promote agency in the real estate industry. Ms McDonald said the Authority aims t o improve industry professionalism through measures such as astir(p) licensing requirements, naked as a jaybird procedures for complaints and discipline, irresponsible Code of Conduct and Client Care, as good 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 absolute for real estate professionals to be licensed and their names get out be recorded on a register that is available to the public. This measure lets property buyers and sellers to check whether the person they are considering art with is licensed and lets them check ! the persons license annals and see whether the licensee has any recent disciplinary action recorded. imperious 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 more or less 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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