WHAT MAKES A REAL ESTATE AGENT THE BEST?
We have specialised in finding the best real estate agents for home sellers for over a decade. This comprises of an indepth vetting process to establish a good conduct history and a high measure of competence and experience. This is a minimum.
All real estate agents come under the Real Estate Agents Act 2008 and therefore the Government watchdog, the Real Estate Authority (REA).
Real estate agency work is a legal and often complex process, with multiple legal documents required during the sales process.
These legal documents need to be correctly understood by you, amended if required, clauses added or deleted and must be filled in correctly.
Your real estate agent has an obligation to explain fully, everything they ask you to sign.
Taking a chance on a nice real estate agent, is gambling with your property's value. Whatever your property's value, always expect the highest standard of real estate competence and practice.
WHAT TO EXPECT OF REAL ESTATE AGENTS
There have been over 1349 official complaints made to the Real Estate Agent's Authority over the last three years.
Real estate agents can be held to account, fined, censured or lose their licence to operate if it is proven by the REA, a Complaints Assessment Committee or the Tribunal that they peform their duties poorly.
The following represents some examples, of the responsibilities of a real estate agent.
We have included these, to help you understand the importance of why you should expect the best real estate agent for you, your property type, price range and location. There are many variables and as many solutions.
Relying on a real estate agent you know little about in terms of competence and experience is a significant risk in our view and why Agent Finder was created.
- You must not be misled by your real estate agent
- Agents are required to do adequate research about your property and inform you of any findings
- They should appraise your property, at a value considered to be achievable, and not over-estimate it for the purposes of acquiring (buying) your listing
- They must dislose any conflict of interest in your property
- They must not attempt to market or sell tyour property without providing you with a written property appraisal
- They cannot attempt to sell your property without a signed agency agreement with you as the seller
- They must not misquote financial information about your property to a buyer, for exampe, the rental capacity, body corporate fees or levies
- They must not make any changes to a marketing plan already agreed with you, without your written approval
- They must not make any false claims to buyers about the condition of your property, the integrity of building material or quality of build
- They must put all offers in writing to you, on a sale and purchase agreement - no exceptions
- They must not make any changes to a sale and purchase agreement without all required signatures.
REAL ESTATE CONTRACTS AND AMENDMENTS TO BE SIGNED
It has come to our notice that some real estate agents are omitting client signatures for amendments made to real estate agreements, contracts or other documents.
This is not a problem just created by new agents but rather, more by agents who should have known better after many years in the industry.
Some of these omissions are the subject of official complaints made to the Real Estate Authority as the consequences can be significant.
PROFESSIONALLY VETTED REAL ESTATE AGENTS, PROVIDED FREE
If selling a house, an apartment, an investment portfolio or a lifestyle block, Agent Finder NZ is the safest way to choose the best real estate agent, let us help you too.
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Article Updated March 2020