Our advocacy strategy for 2024 onwards involves effective engagement with Ministers/MPs and government regulators (e.g., REA, MoJ, MBIE and HUD). It also involves closely monitoring and taking a proactive approach to relevant reform impacting our members - making submissions on behalf of members, and leveraging our members' support. We aim to uphold the professionalism and integrity of the real estate profession for the benefit of all stakeholders.
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Regulation of Residential Property Managers: We want to see residential property managers regulated and an effective regulatory environment for renters and rental properties. To achieve this, we have been pushing hard for regulation since 2019. We collaborated with government agencies in the development of the Residential Property Managers Bill. We then made detailed written and oral submissions to the Select Committee, and we have been proactive since. We have called upon our members to support us, and we have engaged with Ministers/MPs, both in and outside of government.
- Balanced Compliance: We strive for a level of compliance that safeguards consumers without burdening real estate professionals unnecessarily. This involves active participation in reform from an early stage when policy is being developed, through to ensuring regulations are practicable for our members. We have successfully collaborated with MoJ in the past to ensure the timing for customer due diligence is workable for real estate professionals.
- Influencing Economic Conditions: We endeavour to influence favourable economic conditions for an active market, supporting policies that encourage homeownership and investment. We keep members abreast of developments in tax reform, for instance, educating members on changes to mortgage interest deductibility and the Brightline test.
- Acknowledging the Role of Real Estate Agents: We advocate for maintaining fit-for-purpose regulations like the Real Estate Agents Act and promote the value of REINZ as a professional organization offering education, resources, and support to its members.