Over the years Dame Rosanne Meo has lobbied for a law change so all Property Managers are regulated. The Real Estate Agency Authority (REAA) is arguably doing a great job with the Real Estate Agency Act and while property managers within a Licensed Agency are regulated under this Act there are hundreds of property management managers that are not.
Tag Archives | REAA
It’s official the Taxation (Land Information and Offshore Persons Information) Bill has been introduced into Parliament. The new law will see Land Information and Inland Revenue share the data collected on offshore residents. It may prove very useful in determining to what degree NZ real estate is used to launder money acquired from criminal activity.
The REAA questions standard industry commission fees.
Earlier this week, the REAA’s Residential Advisory Group met in Wellington for its six monthly industry review.
2009 will probably go down as one of the most difficult years in Mortgage and Property terms. Many Brokers shut shop and Lenders made things very difficult for those with small deposits and the self employed.