Real estate reform – a guide to the new legislation
Legislation - Real estate reform – a guide to the new legislation
From 17 November 2009, there will be new legislation that aims to improve protection for people buying and selling residential or commercial property.
There will be new requirements that will ensure the professionalism of the persons engaged in real estate agency work including real estate agents; branch managers; salespersons; and persons (such as business brokers) carrying out the sale and purchase of businesses on behalf of others.
The Real Estate Agents Act 2008 is designed to be fair for all.
The Ministry of Justice has provided this guide to the Act for your information. Here you will find answers to frequently asked questions about the Act, what it means for people who carry out real estate agency work, news about the Act, and useful links.
Whether you are a buyer or seller or involved in the real estate industry, you need to know about the Real Estate Agents Act 2008, which comes into full effect from Tuesday, 17 November 2009.
This guide is intended only to provide an overview of the Real Estate Agents Act 2008, and does not constitute legal advice on the Act.
