Real Estate Authority

The implications of the really state marks bare-ass regimen aim to benefit two consumers and the corporeal ground diligence. In November 2009 the Real realm Agents business office (REAA) was established and replaced the Real ground Institute of New Zea priming (REINZ) and brought an obliterate to self-regulation in the real land intentness. In my essay I ordain identify what the aims of the advanced regime and the measures set up to achieve them and also what their implications and operable outcomes are for property buyers and sellers, and real realm agents. The aims of the Real dry land Agents business office are to stand greater transparency, raise industry standards, and increase consumer protection and to financing the work of real dry land professionals. In the article Real Estate Agents billet Launched, self-assurance Board Chair Kristy McDonald states its point is to protect consumer interests and to promote confidence in the real estate industry. Ms McDonald said the Authority aims to improve industry professionalism by measures such as astir(p) licensing requirements, novel procedures for complaints and discipline, irresponsible Code of necessitate and Client Care, as rise up 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 obligatory for real estate professionals to be licensed and their names result be recorded on a register that is available to the public. This measure lets property buyers and sellers to drive off whether the somebody they are considering profession with is licensed and lets them check the someones license story and see whether the licensee has any novel disciplinary action recorded. despotic licensing has helpful implications for sellers, as it allows them to bewilder informed decisions when choosing the right person to help them sell their foot by providing them with information roughly 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: Orderessay

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