Support for change to real estate law
March 1st, 2008
News from real down under… Kiwis has thrown its weight behind a proposal that interest accrued on real estate agency trust-accounts should help fund a new complaints system. The Real Estate Agents Act of 1976 laws dating governed many property transactions. Mps had work to overtime to hear from all parties, and more than 800 submissions have been made on the bill from real estate agents.
Consumer told Parliament’s justice and electoral select committee yesterday, the money, as well as funding a new disciplinary body for real estate agents, could also be used to provide education for agents and for would-be homebuyers.