In The Know
4 September 2019
Click the headings below to read more or visit the Property Management page
REINZ Appointed Director - Region 1: Applications sought
In accordance with the REINZ Rules, applications are sought from qualified persons for the position of Appointed Director – Region 1, on the Board of REINZ. The vacancy has arisen as Mr Bryan Thomson will shortly complete his final term as REINZ Director.
To qualify for appointment, applicants must be a member of REINZ and from Region 1 (Northland, Auckland or Coromandel).
If you wish to be considered for this position please forward a CV with a covering letter explaining why you are interested in and qualified for the position to REINZ General Counsel, Lisa Gerrard.
Applications close at 5pm, Thursday 26 September 2019 and will be considered by an Appointments Panel comprised of industry and independent representatives appointed by the REINZ Board. Applications will remain confidential to REINZ and the Appointments Panel.
Nominations for Regional Directors now open
Nominations are sought for the following Regional Director positions on the REINZ Board:
- Region 1 (Northland, Auckland, Coromandel) - the current director is Wendy Alexander, who has made herself available for re-election
- Region 3 (Hawke's Bay, Manawatu/Wanganui, Taranaki, Wellington) - the current director is Mark Coffey, who has made himself available for re-election
- Region 5 (Otago, Southland, Central Otago Lakes) - the current director is Gail Hudson, who has made herself available for re-election.
Regional Directors will be elected for a two-year period (commencing following the 2019 AGM).
Election of Regional Directors will be held by electronic ballot in accordance with Rules 7.4 and 12.3. The ballot will open on 29 October 2019 and will close at 5pm 11 November 2019. Voting instructions will be provided in due course.
Nominations must be submitted to Lisa Gerrard on the Regional Director Nomination Form by 5pm, Thursday 26 September.
Ask Advisory: Should the Agreement for Sale and Purchase be signed by only one owner without the authorisation of the other?
Answer:
We strongly recommend against this practice because the parties could be in the middle of a dispute or separating from one another.
You should obtain written authorisation from the party who will not be signing, confirming that the signing party has appropriate authority.
Where the party signing has the authority to sign on the behalf of the other party by way of an Enduring Power of Attorney, it should be accompanied by a Certificate of Non-Revocation and Non-Suspension as proof that the authority has not been revoked or suspended as at the date of the certificate.
The above is intended for general information only and does not constitute legal advice and does not replace your agency’s internal policies and guidelines. Always check your agency’s guidelines, policies and information first and seek legal advice if you have any queries.
AML/CFT Annual Report deadline has now passed
Well done to our members for submitting their first AML/CFT Annual Report to the Department of Internal Affairs (DIA).
The information obtained from the reports will allow the DIA to have a better understanding on how businesses meet their obligations under the AML/CFT Act, assess and lessen their risk of money laundering and manage their financial activities.
It is important to note that compliance action may be taken against those who have not submitted their annual report.
DIA to provide more training workshops on AML/CFT obligations
As you might recall, DIA hosted a series of training events in June to help businesses identify what they needed to do to complete a Risk Assessment, and document an AML/CFT Programme. A number of these events booked out so the DIA are running additional sessions in September and October in the booked out locations – Wellington, Auckland, Christchurch, Hamilton and Dunedin.
These interactive sessions are designed to provide information on key factors businesses will need to consider, and answer any questions about what they need to do. This training is specific to completing risk assessment and documenting the AML/CFT programme.
These additional sessions commence at the end of September - there are no charges for attendance. Those who attended a session in June or early July will not need to attend these as the content is the same.
Verifiable Training
Auckland Verifiable Training
Wednesday 25 & Thursday 26 September
Registration deadline Thursday 19 September - a $50 per person late fee will apply after this date.
Property Management Roadshow
Check out the poster here | Find a session near you and book here
Next stop: Christchurch
Auctioneering Fresh Starter Training
Monday 7 & Tuesday 8 October
Fun, interactive and engaging 2-day rookie auctioneer training facilitated by Mark Sumich. NV = 7 hours
Book now
AML Webinars
Verifiable Dates for 2019
| Region | Dates | Location | |
|---|---|---|---|
| September | |||
| Auckland 2 | 25 - 26 | Events on Khyber | Book Now |
| October | |||
| Christchurch 2 | 16 - 17 | The Atrium | Book Now |
Inspire | Motivate | Connect - 2019 YPIRE Conference
Wednesday 18 September
For young professionals in real estate, those new to the industry, the young at heart or anyone interested in the amazing speaker lineup.
With a great lineup of speakers including Josh Tesolin, Tom Panos, Jake Millar and Lisa King, the 2019 YPIRE Conference is one you do not want to miss!
For all REINZ Events, click here.
| Septmber | |||
| Inspire | Motivate | Connect Conference | 18 September | 10am - 7pm | Shed 10, Auckland |
Aerial imagery in PropertySmarts
PropertySmarts' aerial photography is sourced through LINZ. We have recently updated the aerial photography in many parts of the country. This means that while we have the unconditional sales information for new subdivisions, the aerial views may not be as recent. Users have the ability to upload their own images to the property details.
Please see the user guide for more details.
MyVivenda- New REINZ Member Benefit supplier
The future of house viewing is here! Start winning listings with VR Homeview. Choose a plan, create a stunning landing page in under 10 minutes and share your single property website with the world.
Enter your REINZ ID behind your company name in the request form to receive a 10% discount.
Watch a demo | Find out more here.
This week on the blog: Auckland - Is now a good time to buy?
With prices stable in Auckland, there are benefits to buying and selling in the same market, says Bindi Norwell, REINZ CEO.
Is this the solution to the housing crisis?
Bindi Norwell, REINZ Chief Executive said REINZ supported calls for increased build-to-rent opportunities to support housing affordability and deal with shortages.
REINZ works in partnership with NetYourJob recruitment to provide maximum industry coverage when you’re looking for real estate staff. NetYourJob can provide REINZ Members with competitive marketing rates for job advertising. Contact NetYourJob on 0800 638 968 to find out more or click here to view new jobs this week.
