Changes expected to bill regulating property managers

The bill introduced to Parliament in August, covers about 42% of the residential tenancy market, and involves compulsory registration and licensing for individual property managers and their organisations, training and entry requirements, practice standards, and a complaints and disciplinary process to be administered by the Real Estate Authority.

It does not include private landlords, Kainga Ora or registered community housing providers.

Residential Property Managers Association (RPMA) chairman David Pearse says Bishop indicated at the association’s recent annual conference he was open to discussing changes to the bill.

He says while the association is for regulation of property managers, it believes the bill as it is written is hugely bureaucratic and doesn’t improve the quality of service to tenants or property owners.