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Welcome to our October newsletter. In this month's issue we discuss our new standard clauses for agency agreements, provide guidance on the client consent form (Form 2) and provisional valuations, and share our recent consumer perception survey results on the real estate industry. You'll also find an article on our facilitation team and a reminder of our holiday closure period and how this effects new licence applications.
Over the past few months we have been working with REINZ on new standard clauses for agency agreements. A list of agencies that have agreed to use the new clauses will be published on our website from early November and we will be encouraging consumers to only enter into agency agreements with those agencies. For more information on the standard clauses, see our article below.
Recently we held another round of successful Industry Advisory Groups meetings, with 24 different licensees from across the country from four different sector groups (rural, commercial, business and residential). These meetings are a valuable tool for us to hear what is happening in each sector and gain feedback on our ideas for the industry. Thanks very much to those who give up their time to attend those meetings.
With the end of the year just about upon us it is a good time to make sure you are well on your way to completing your 2014 continuing education by 31 December 2014. If you do not complete your continuing education you will not be able to renew your licence next year.
Now for some licensing stats - currently we have over 14,000 active licences, with an average of 138 new licences being issued each month. This includes 813 company licence holders, 1,864 agents, 430 branch managers and 10,948 salespersons. There continues to be a net increase in licensee numbers, with there now being almost 1,000 more active licences than there were in 30 June last year.
Kevin Lampen-Smith
Chief Executive/Registrar |
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What do New Zealanders think of the real estate industry?
The Real Estate Agents Authority's annual research looks at consumer perceptions of the real estate industry, and asks those who have been involved in a real estate transaction within the last year their views on the process and their perceptions of their real estate agent. |
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Meet our Facilitation Team
Our Facilitation Team is responsible for handling complaints, clarifying and assessing issues and facilitating resolution. Find out more about the team and what they do. |
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Form 2 and provisional valuations
Recently we had some feedback from licensees that further clarification was needed around certain aspects of the Client Consent Form (Form 2). Here are some answers to the frequently asked questions we get about this. |
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Standard clauses for residential agency agreements
To help address commission-related issues and to give greater certainty and clarity on when agency agreements can be cancelled, standard clauses for residential agency agreements are now available. |
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Auckland agents take note: Unauthorised connections to Watercare's networks
Auckland agents need to be aware of the risk of properties being sold within the Auckland region with unauthorised connections to Watercare wastewater and water networks.
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Qualifications review
Following the review of the current real estate qualifications, the Skills Organisation has now lodged an application with the New Zealand Qualifications Authority for proposed changes to the current qualifications.
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New licence applications - office closure Christmas 2014
With the end of year just around the corner, new licence applications will need to be with us by Wednesday 26 November 2014 if you want to have a licence before Christmas.
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