In The Know
13 March 2019
Click the headings below to read more or visit the Property Management page
Inspire | Motivate | Connect - 2019 YPIRE Conference
If you are a young professional in real estate, new to the industry, young at heart, or simply inspired by greatness, then this is the 2019 conference you need to attend!
With keynote session from Phil Harris, Tom Panos, Lisa King and Jake Millar that will inspire and motivate you, and networking opportunities to connect with other like-minded individuals throughout the day, this is an event you do not want to miss.
Earlybird tickets are available until Friday 3 May.
Check out the website for full details.
Auckland City Mission CookOff 
Bindi Norwell took part in the Auckland City Mission Cook Off yesterday with other business leaders, to help prepare a meal for 200 individuals in need.
Thank you so much to everyone who has shown their support so far and donated towards this great cause - funds raised will go towards ongoing emergency food packages throughout the year.
It's not too late to donate if you still want to contribute.
Photo: Bindi Norwell, REINZ CEO with Chris Farrelly, Auckland City Mission CEO.
Advertising sales and listings that are not your own?
We have received a high number of complaints from members who have had their sales or listings advertised by another agency without the agency clearly and specifically stating that the sales or listings are not theirs, essentially, claiming all advertised sales and listings are their own.
We remind agents and licensees of their obligations under section 9, of the Fair Trading Act 1986 (FTA), which states that no person shall, in trade, engage in conduct that is misleading or deceptive or is likely to mislead or deceive.
When an agency advertises sales or listings which are not their own yet holds them out to be theirs, this can be misleading and deceptive conduct. This is unfair on not only the other agency but on the consumer, who is unable to identify which property was in fact sold or listed by the agency who is advertising it.
Rule 5.2 of the Professional Conduct and Client Care 2012 (Rules), stipulates that those licensed under the Real Estate Agents Act 2008 are bound by the Act, the Rules, the FTA and the Consumers Guarantees Act 1993. Therefore, you must be aware of the requirement not to make false or misleading statements in advertising.
Penalties
If you breach the Rules and the relevant legislation, a consumer or another real estate agency may take you to the Real Estate Authority, to Court or lodge a complaint with the Commerce Commission. In particular, a breach of the FTA could mean that an individual may be fined up to $200,000 and a company may be fined up to $600,00 per offence. There is no fee to file a complaint with the Commerce Commission.
Friendly reminder to our agents regarding unsolicited mail
We have recently received an increase in complaints from members of the public about agents delivering marketing materials to their letterboxes which have signs specifically stating that “No Circulars”, “No Junk Mail” or “No Unsolicited Mail” be placed in their letterbox.
It should be noted that the New Zealand Marketing Association developed a National Code of Practice for the Distribution of Unaddressed Mail in 2006.
Under the Code, a sign requesting non-delivery is defined as “any sign displayed on a letterbox requesting that unaddressed mail not be delivered to that letterbox. The working of such signs can vary, e.g. “No unaddressed mail”, “Addressed mail only”, “No junk mail”, “No circulars”, “Addressed mail and newspapers only”. All such wording conveys the same meaning and must be honoured.”
Unaddressed mail includes advertising material such as circulars, leaflets, brochures, magazine or flyers.
If a member of the public receives unaddressed mail, then they can report this to the Mailbox helpline which is run by the Marketing Association on 0800 111 081. The Marketing Association will then investigate the complaint and determine how to deal with it.
On a side note, any material delivered to a letterbox within Auckland must be delivered in line with the requirements of Clause 28 of the Solid Waste Bylaw 2012 which deals with unaddressed mail.
Penalties
The penalty for breaching the Solid Waste Bylaw 2012 is significant and may be as high as $20,000.
There are similar bylaws for different parts of the country with fines of various amounts.
It is regarded as good business practice to not deliver into mailboxes where a sign is displayed clearly indicating that the home owner does not want to receive it, not to mention, the negative PR for the agent/agency.
Verifiable Training
Queenstown Verifiable Training - LAST CHANCE
Wednesday 20 & Thursday 21 March
Registration deadline Thursday 14 March - a $50 per person late fee will apply after this date.
Auckland Verifiable Training
Wednesday 3 & Thursday 4 April
Registration deadline Thursday 28 March - a $50 per person late fee will apply after this date.
Fresh Starter Auctioneering Course
A 2-day training course suitable for those who have called under 10 auctions or none at all!
An interactive, fun and lively session for those who want more practice and training that will also add 7.0 non-verifiable hours. Book now
Christchurch Workshop - Defective EQC repairs
Wednesday 3 April
Issues, red flags, and protecting yourself.
Property Manager Workshop: Health and Wellbeing through Mindfulness
Friday 12 April
As a busy Property Manager, it’s easy to feel stressed, time-pressured and under the pump. By focussing on what you’re doing in the present moment, you can help calm your mind, alleviate stressful moments and feel much more in control. Becoming more mindful helps reduce tension, stress and anxiety – especially in a face-paced working environment when juggling your rent roll, managing relationships, dealing with conflict and more!
REINZ presents the Anti-Money Laundering Roadshow - Part 2!
Practical, hands-on and detailed training. Check out the poster
Find your suitable session and book now.
Last chance to book for Whangarei, Auckland and Wellington.
Verifiable Dates for 2019
| Region | Dates | Location | |
|---|---|---|---|
| March | |||
| Queenstown | 20 - 21 | Mercure Queenstown | Book Now |
| April | |||
| Auckland 1 | 3 - 4 | Events on Khyber | Book Now |
| Wellington/Lower Hutt | 10 - 11 | Lower Hutt Events Centre | Book Now |
| Dunedin | 10 - 11 | Edgar Centre | Book Now |
| May | |||
| Thames | 1 - 2 | Thames Civic Centre | Book Now |
| Whangarei | 8 - 9 | Northland Events Centre | Book Now |
| New Plymouth | 15 - 16 | Novotel | Book Now |
| Hamilton | 29 - 30 | Workingmen's Club | Book Now |
Sector Events
South Island Rural Seminar
Tuesday 26 March, 10am - 2.30pm
REINZ is returning to West Melton on Tuesday 26 March for a four hour South Island rural seminar the day before the start of South Island Agricultural Field Days in Kirwee.
Join MC Paul Cunneen to listen to a range of speakers deliver bespoke content to the rural sector. A panel of successful rural & lifestyle agents will share their vision on how to ‘Get your rural business engaged for the new financial year’.
Enjoy this unique networking opportunity with wider colleagues and other brands and earn 4.0 non-verifiable hours.
Commercial & Industrial Breakfast
Wednesday 10 April, 7.30am - 10am
REINZ is excited to have Rod Marler (Panuku Development Auckland), Stephen Selwood (Infrastructure New Zealand), Chris Cunniffe (Tax Management New Zealand) Cameron Bagrie (Bagrie Economics) and Lisa Gerrard (REINZ) speaking with us for our 2019 Commercial and Industrial Breakfast held at the Maritime Room, Auckland.
Inspire | Motivate | Connect - 2019 YPIRE Conference
With a great lineup of speakers, the 2019 YPIRE Conference is one you do not want to miss!
Grab your earlybird tickets today!
For all REINZ Events, visit the Education Portal.
| March | |||
| South Island Rural Seminar | 26 March | 10am - 2.30pm | Melton Estate, Christchurch |
| April | |||
| Commercial & Industrial Breakfast | 10 April | 7.30am - 10am | Maritime Room, Auckland |
| June | |||
| NZ Auctioneering Championships - Draw | 23 June | 5.30pm - 7.30pm | REINZ, Auckland |
| NZ Auctioneering Championships - Heats | 24 June | 10am - 5pm | REINZ, Auckland |
| NZ Auctioneering Championships - Finals | 25 June | 10am - 6pm | REINZ, Auckland |
REINZ Statistics: Location Profiler
Use Location Profiler to access a comprehensive profile of a suburb, ward, council or custom territory, based on:
- Sales statistics
- Census data from Statistics NZ
- School zones
Presented as an infographic, Location Profiler give you the unique ability to compare two locations side-by-side and help you access the information you need for your prospecting.
Visit the REINZ Statistics Platform now!
February Residential Property Report
REINZ released its residential property statistics for February yesterday which showed that the number of houses sold across New Zealand fell 9.5% in February.
Despite volume falls, median house prices keep rising & five regions saw record median house prices.
You can read the full report here.
REINZ urges purchasers to undertake due diligence when insuring their property
Bindi Norwell, Chief Executive at REINZ says: “Whether IAG’s decision will impact the Wellington property market will depend on whether other insurance companies drastically increase their premiums or make significant changes to their policies, such that insurance becomes unaffordable for purchasers, or that banks no longer accept the insurer when bank lending is involved.
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.
