Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


REINZ Welcomes Review of Real Estate Agents Act

News Release
10 September, 2003

Real Estate Institute of New Zealand Welcomes Review of Real Estate Agents Act

The Real Estate Industry in New Zealand has nothing to fear from the review of the Real Estate Agents Act, Real Estate Institute of New Zealand National President Graeme Woodley told the Institute’s Annual Meeting in Wellington today.

“The review of the Real Estate Agents Act and the changes being proposed to the auctioneering rules have combined to focus public and media attention on our industry, and not always in a complimentary fashion.

“However the scrutiny which our industry has received this year cannot be anything other than a good thing.”

Despite concerns over possible changes to the Act, one of the primary roles of the Institute is to represent the public interest, whether it is intended or not, Mr. Woodley said.

“The more debate about how we do business the better the public come to understand the complexities of our industry.

“And there is one fundamental point which is always overlooked and that is that one of the primary roles of the Institute, whether by design or accident, is to represent the public interest.

“While the Institute exists to represent its members, by definition, in representing their views, creating an operational, membership, supervisory and education structure, the reality is that much of the activity of the Institute involves looking after public concerns.

“These take two forms, firstly, representing the broader interests of homeowners especially in the economic and political environments, and secondly, ensuring that those who deal in property are confident that if they have a problem, they can turn to the Institute for a solution.

“Over the last year we have fielded 187 complaints from members of the public against our members, of which just over half merited some form of disciplinary action. When viewed against the 112,000 residential real estate transactions in the last year; significant rural, commercial and industrial sales; business broking activity; and countless property management transactions (not to mention the 13,000 people working in the industry), this amounts to a very small percentage.

“I would challenge most other professional organisations to match that.”

Mr Woodley said the Institute also fielded many enquiries from the public, which are satisfied through advice.

“The reason for that is quite simple, from the time a complaint is received; the Institute’s attitude is one of assisting the complainant as much as possible to ensure they feel they have put their case clearly and that they are satisfied they will receive a fair hearing.

“I believe the government is aware of the success of our organisation as a largely self-regulating body.”

Mr Woodley said that when reviewing the Real Estate Agents Act, the government and opposition parties will need to ask themselves:
- Is it low cost?
- Is it sufficiently independent and transparent?
- Is it fast and efficient? And;
- Are the public happy with the way it works?

“In all cases I believe they will, on investigating the situation, be able to answer, ‘Yes’”.


Real estate information is also available via the Institute’s official property directory – RealENZ – on the Internet. RealENZ is a search facility providing comprehensive information on residential, lifestyle, rural, commercial, investment and rental properties. RealENZ’s Internet address is: www.realenz.co.nz

Issued on behalf of The Real Estate Institute of New Zealand by Sorensen Group.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election