Real Estate Industry Revamp Good For Kiwis

New Zealand First’s housing spokesperson Pita Paraone has welcomed the real estate industry revamp which will offer better protection and compensation for consumers who are ripped off by real estate agents.

“For too long there has been insufficient redress for Kiwis who have suffered emotional and financial hardship when buying or selling a house has gone horribly wrong. Unethical real estate agents need to be held accountable,” said Mr Paraone.

“The fact that many people can no longer afford to buy a house means we must minimise the opportunity for real estate agents to contribute to this situation. Removing self regulation and establishing a new independent body to oversee the industry will help to restore Kiwis’ confidence and trust in real estate agents.

“The body’s powers to handle complaints and disciplinary functions, together with upholding standards and compulsory training will go a long way in helping the issue of housing affordability.

“New Zealand First will continue to promote policies which advocate the home as the basis of family life and which is fundamental in providing social stability to New Zealand society.

“New Zealand First will fight to salvage the vanishing Kiwi dream of owning your own home,” Mr Paraone said.

ENDS

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