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New texts help real estate agents to do it by the book

The Real Estate Institute (REINZ) has produced two new legislative guides for members as part of a programme to ensure that all members are aware of their obligations under the six different pieces of legislation which affect them.

Thursday, October 12th 2006, 12:00AM

by The Landlord

The first of the two books, Law for Real Estate Professionals in New Zealand reproduces the Real Estate Agents Act 1976, the Real Estate Agents Regulations 1977, the Real Estate Agents Audit Regulations 1977, the rules
of the Real Estate Institute of New Zealand (Inc), the Fair Trading Act 1986 and the Residential Tenancies Act 1986.

The second, entitled The REINZ Real Estate Legislation Guide is a plain language guide to legal, compliance and ethical issues.

Both are produced by collaboration between REINZ and legal publishers Brookers.

Murray Cleland, president of REINZ, said “Both for public protection and ethical reasons, these books are a big step towards ensuring that all our people are up with the play legally and will help us in our drive to continue to lift standards”.

« Property investors refocus on cash flowNew energy efficiency measures will impact building »

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ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
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BNZ - Classic - 3.49 3.55 3.89
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Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.65 4.80 -
HSBC Premier 5.24 3.54 3.20 3.69
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HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank 5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
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Pepper Money Near Prime 5.64 - 5.44 5.44
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.45 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 3.55 3.89
Sovereign 5.30 3.89 4.05 4.39
Sovereign Special - 3.39 3.55 3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
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TSB Bank 6.09 4.19 4.35 4.69
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society 5.50 3.95 4.05 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.55 3.99
Median 5.34 3.96 4.09 4.39

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