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Real Estate Authority - Latest News [Page 1]
Accountability Key In Gen AI Guidance Issued By REA To Real Estate Sector
Tuesday, 12 November 2024, 9:52 am | Real Estate Authority
REA’s guidance recognises the opportunities that new technology may bring and emphasises that licensees remain ultimately responsible for the real estate services they provide, including any error made by a Gen AI tool used in their work. More >>
Real Estate Consumer Guides Now Available In E-Braille, Audio And Large Print
Monday, 28 October 2024, 10:00 am | Real Estate Authority
Designed for people who are blind, deafblind, or have low vision, the resources include guides to the residential sale and purchase agreement, residential agency agreement, the real estate buying journey, & the process REA oversees for complaints about conduct ... More >>
REA Warns Undertaking Real Estate Agency Work Without A Licence From REA Is An Offence
Wednesday, 5 June 2024, 6:09 am | Real Estate Authority
The Real Estate Authority (REA), the independent conduct regulator of the real estate industry, warns that undertaking real estate agency work in trade on behalf of another person without a licence from the REA, is an offence under the Real Estate Agents ... More >>
REA Welcomes Increase In Licensed Branch Managers Within Real Estate Sector
Wednesday, 29 May 2024, 4:24 am | Real Estate Authority
REA reports that the number of licensed real estate Branch Managers1 has grown by 21.6% in the last 12 months, despite a gradual decline in the total number of licensed real estate professionals. More >>
Real Estate Authority Urges Buyers And Sellers To Be Equipped With Information As Market Activity Begins To Lift
Wednesday, 31 January 2024, 12:00 pm | Real Estate Authority
As real estate market commentators report a lift in market activity and values [1] , the Real Estate Authority (REA), reminds buyers and sellers of the importance of doing their homework and obtaining information about the property and understanding ... More >>
More Real Estate Consumers Obtain Quality Information To Navigate Challenging Property Market
Thursday, 30 November 2023, 1:01 pm | Real Estate Authority
In a challenging market, real estate consumers [1] have become more likely to empower themselves with quality information on properties and the buying and selling process, according to new research commissioned by independent conduct regulator, the Real ... More >>
Real Estate Regulator Protects New Zealanders In A Shifting Market
Thursday, 10 November 2022, 11:17 am | Real Estate Authority
The Real Estate Authority’s (REA) 2021/22 Annual Report published today , highlights the value of a robust and effective regulatory regime for protecting New Zealanders in the context of a pressurised real estate market. In the reported period, REA issued ... More >>
New REA Research Indicates Increased Consumer Confidence In Conduct Of Real Estate Professionals
Sunday, 6 November 2022, 5:25 am | Real Estate Authority
Despite a turbulent property market, New Zealand consumers are feeling more empowered in real estate transactions and becoming more confident in the real estate profession as a whole, according to new research commissioned by independent conduct regulator, ... More >>
REA Releases Real Estate Consumer Protection Information In Seven Languages
Friday, 14 October 2022, 8:49 am | Real Estate Authority
The Real Estate Authority (REA) has today released updated consumer guides on the property buying and selling process in seven languages to enable greater accessibility to REA’s consumer protection information about the real estate transaction. The ... More >>
Fit And Proper Assessment Guidelines For Licensed Real Estate Professionals Published
Tuesday, 2 August 2022, 9:33 am | Real Estate Authority
The Registrar of the Real Estate Authority (REA) has today published Guidelines for determining whether an applicant for a real estate licence is a fit and proper person ( Fit and Proper Guidelines ). This follows consultation with the industry, ... More >>
Consultation Opens On Guidelines For Assessment Of ‘Fit And Proper’ Requirements For Real Estate Licensees
Monday, 16 May 2022, 3:04 pm | Real Estate Authority
The Real Estate Authority (REA) today launched its public consultation on draft guidelines setting out how the conduct regulator assesses whether an applicant for a real estate licence is a ‘fit and proper’ person, under section 36 of the Real ... More >>
Conduct Regulator Expects High Professional Standards From Real Estate Sector In Changing Market
Wednesday, 4 May 2022, 9:44 am | Real Estate Authority
While significant shifts in the property market are changing the operating conditions and risks for licensed real estate professionals (licensees) as well as consumers, the fundamental principles of high standards of professional conduct across the real ... More >>
Tribunal Ruling Sends A Clear Message To Real Estate Licensees On Importance Of Disclosure
Monday, 13 December 2021, 1:12 pm | Real Estate Authority
The Real Estate Authority (REA) says the decision of the Real Estate Agents Disciplinary Tribunal (READT) to fine two licensees $10,000 for not disclosing a significant potential defect in a property is a timely reminder to the sector of their obligations to consumers. ... More >>
Real Estate Licensing Regulation Qualification Changes Take Effect On 1 February 2022
Thursday, 9 December 2021, 9:17 am | Real Estate Authority
The Real Estate Authority (REA) is pleased to announce that the new Level 5 and 6 real estate qualifications developed with the Real Estate Institute of New Zealand (REINZ) and The Skills Organisation (Skills) will be recognised for real estate licence ... More >>
Real Estate Regulator Steps Up To Make A Difference
Wednesday, 13 October 2021, 11:25 am | Real Estate Authority
A record number of real estate licensees, and a rise in complaints from consumers are some of the key trends highlighted in the Real Estate Authority (REA) Annual Report published today. REA Chair Denese Bates acknowledges that the 2020/21 financial ... More >>
Mele Wendt Joins Real Estate Authority Board
Wednesday, 6 October 2021, 10:25 am | Real Estate Authority
The Real Estate Authority (REA) is pleased to welcome Mele Wendt, MNZM, who has been appointed to the REA Board. Mele is a respected leader in the education and not-for-profit sectors. She is a former CEO and current certified board chair/director ... More >>
Real Estate Regulator Dedicated To Protecting Consumers And Supporting Licensees To Meet High Standards Of Conduct
Monday, 28 June 2021, 6:06 am | Real Estate Authority
The Real Estate Authority (REA) is confident its new four-year plan will help consumers and licensed real estate professionals navigate the highly pressured real estate market without harm. Real Estate Authority Chair Denese Bates says the strategic ... More >>
Complaints Against Real Estate Agents Reached 10-year Low Ahead Of Market Bounce Back
Wednesday, 2 December 2020, 11:26 am | Real Estate Authority
Complaints against licensed real estate professionals reached the lowest level in 10 years, in the 2019/20 year the industry regulator says. The Real Estate Authority (REA) received 288 formal complaints in the period July 2019 to June 2020, marking ... More >>
Real Estate Authority (REA) Welcomes A New Chief Executive
Wednesday, 10 June 2020, 11:02 am | Real Estate Authority
REA Board Chair, Denese Bates QC, is pleased to announce the appointment of Belinda Moffat as its permanent Chief Executive. Belinda replaces Kevin Lampen-Smith who left REA in May. Belinda joins us from her role as Chief Executive at the Broadcasting ... More >>
Redress for unsatisfactory conduct by a real estate agent
Wednesday, 30 October 2019, 11:42 am | Real Estate Authority
After 29 October 2019, consumers will be able to seek compensation, up to $100,000, for loss due to unsatisfactory conduct by a real estate agent through The Real Estate Agents Disciplinary Tribunal (Disciplinary Tribunal). More >>
