NZ Residential Property Agency Agreement Guide
Selling your home can be a complex process and most people choose to use a real estate agent1 to help them. If you use an agent you will need to enter into a written agency agreement which forms the contract between you and the agent.
This guide provides information about agency agreements, tells you where you can get more information, what to expect from your agent, and what to do if there is a problem.
This guide only relates to the sale of residential property. This guide is just that – guidance. You should not rely on it for legal advice. It has been prepared by the Real Estate Agents Authority (REAA), a Crown entity established by the Real Estate Agents Act 2008.
Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012
Buying or selling a home is one of the biggest financial commitments you will ever make. There are several relatively complicated stages to negotiate and there are a number of things to look out for. When you are buying or selling a residential property you should always have a written sale and purchase agreement. This is the legal document that forms the contract between the buyer and the seller.
This guide provides information about the sale and purchase agreements, tells you where you can get more information, what to expect from a real estate agent1 and what to do if there is a problem.
This guide only relates to the sale of residential property. This guide is just that – guidance. You should not rely on it for legal advice. It’s been prepared by the Real Estate Agents Authority (REAA), a Crown entity established by the Real Estate Agents Act 2008.
New Zealand Residential Property Sale and Purchase Agreement Guide
These Rules make up the Real Estate Agents Authority code of professional conduct and client care. The Rules were made by the Authority** and notified in the New Zealand Gazette.
The rules set minimum standards of conduct and client care that licensees are required to meet when carrying out real estate agency work and dealing with clients.
**Pursuant to section 14 of the Real Estate Agents Act 2008, the Real Estate Agents Authority, with the approval of the Minister of Justice given in accordance with section 17 of that Act, and after consultation in accordance with section 16 of that Act, makes the following rules.