Earlybird sale ending this Friday!
Inspire | Motivate | Connect Conference
Wednesday 18 September, Shed 10, Auckland
Earlybird ticket sales end this Friday at 5pm - don't miss out on hearing from industry professionals who are making a name for themselves, plus keynote speakers to inspire and motivate you.
Group discounts also available for groups of five or more!
Get Tickets | Visit the website
Residential Property Management Qualification
Starts 10 June 2019
Registrations for the first intake of the Residential Property Management Qualification offered by REINZ and Skills close at 5pm this Friday. Improve your skills and knowledge with a professional qualification and work towards your REINZ Property Management Accreditation.
Find out more | Register Now | Email Kirstin Brown, Education Director
Clouded judgement?
The complainant in this case was licensed as an Agent and was engaged by the vendor via a sole agency agreement. The complaint was made against another licensee as set out below.
The Licensee had taken purchasers (her parents) through the vendor's home when there was no agency agreement or conjunctional agreement in place
On 11 December 2017, the Licensee contacted the complainant requesting if she could take some buyers through the property. The complainant declined stating that there were already offers being presented to the vendors.
Despite being told no, the following day, the Licensee went with her parents to the property and spoke with the vendor. The Licensee informed the Complaints Assessment Committee (CAC) that this act was excusable because her parents had an ongoing relationship with the vendor given that they were selling their property to the vendor.
The CAC did not accept the Licensee’s explanation and found that she breached Rule 5.1 (exercising skill and care), Rule 5.2 (sound knowledge of the Act, Regulations and Rules), Rule 6.2 (acting in good faith) and Rule 6.3 (industry disrepute) of the Professional Conduct and Client Care Rules 2012.
The Licensee had attempted to renegotiate the terms of the Agreement for Sale and Purchase (Agreement)
The vendor accepted the Licensee’s parents conditional offer. On 12 January 2018, the complainant received a call from the vendor informing her that the Licensee had commenced renegotiations of the Agreement.
Two communications from the vendor’s lawyer to the buyer’s lawyer were sent requesting the Licensee cease and desist from contacting the vendor directly.
The Licensee stated that the vendor pressured her into discussions when she went to the vendor’s property to discuss the sale of her parent’s property to them.
The CAC stated that the pressure did not mean that she could breach her obligations and further stated that the communications evidenced that it was more likely than not that the Licensee attempted to renegotiate the Agreement and as a result, breached Rule 5.1, Rule 5.2, Rule 6.2 and Rule 6.4 (not to mislead).
The actions of the Licensee prevented the complainant from acting in the best interests of the vendor
The CAC found that the Licensee prevented the complainant from acting in the best interests of the vendor.
Finding:
The CAC, accordingly, found that the Licensee had engaged in unsatisfactory conduct.
You can find the decision here.
Tips:
1. An agent should not interfere with another agent’s sole listing especially, where there is no contract permitting communication with the other party.
2. An agent who is pressured by any party should take steps to terminate any conversations or calls from that party especially, when they are not legally obliged to deal with them.
Verifiable Training
Taupo Verifiable Training - LAST CHANCE!
Wednesday 5 & Thursday 6 June
Registration deadline Thursday 30 May - a $50 per person late fee will apply after this date.
Invercargill Verifiable Training
Wednesday 12 & Thursday 13 June
Registration deadline Thursday 6 June - a $50 per person late fee will apply after this date.
Rotorua Verifiable Training
Wednesday 19 & Thursday 20 June
Registration deadline Thursday 13 June - a $50 per person late fee will apply after this date.
Timaru Verifiable Training
Wednesday 19 & Thursday 20 June
Registration deadline Thursday 13 June - a $50 per person late fee will apply after this date.
Check online for a full list of regional training sessions or the newly released online training packages!
Please note: In 2019 the AML Verifiable training topic is mandatory and no exemptions apply.
Verifiable Dates for 2019
| Region | Dates | Location | |
|---|---|---|---|
| June | |||
| Taupo | 5 - 6 | Suncourt Hotel & Conference Centre | Book Now |
| Invercargill | 5 - 6 | Ascot Park Hotel | Book Now |
| Rotorua | 19 - 20 | Copthorne Rotorua | Book Now |
| Timaru | 19 - 20 | The Grosvenor | Book Now |
| July | |||
| Palmerston North | 3 - 4 | Hotel Coachman | Book Now |
| Nelson | 24 - 25 | Trailways Hotel | Book Now |
| August | |||
| Kerikeri | 7 - 8 | Kingston House | Book Now |
| Napier | 21 - 22 | Napier Conference Centre | Book Now |
| September | |||
| Tauranga | 4 - 5 | Waverly on Wairoa | Book Now |
| Auckland 2 | 25 - 26 | Events on Khyber | Book Now |
| October | |||
| Christchurch 2 | 16 - 17 | The Atrium | Book Now |
YPIRE Regional Meetups
YPIRE Wellington: Success your way
Tuesday 11 June, 5:30pm - 7:30pm, The Arborist Rooftop Bar and Eatery
Our special guests are: Ben Stevens (Ray White Central), Jess Platt (Tommys Central), Rupert Kemey's (Kemeys Brothers Lower Hutt) & Sam McIntyre (Tall Poppy Real Estate).
Join us as our panel discusses the different ways to be success, and what it means to each individual.
For more information, please contact events@reinz.co.nz
YPIRE Auckland: Becoming your brand
Thursday 13 June, 4:30pm - 6:30pm, Events on Khyber, Level 2 REINZ, 155 Khyber Pass Road
Our special guests are: Jadyn Dixon, Harcourts Cooper & Co; Genevieve Taylor - Ford, Bayleys Auckland Central and Caleb Paterson, First National Telos Group.
Join us as our panel discusses building and becoming your brand.
For more information, please contact events@reinz.co.nz
2019 RPM Conference - Thriving in Changing Times
Friday 2 August, Hilton Hotel Auckland
This not-to-be missed Property Management Conference is hosted by Simon McKinney and filled with a great line-up of speakers such as Lisa O’Neill, Dr Annette Beautrais, Steve Watson, Lisa Gerrard and Sheree Nicholas.
Breakout sessions will be available for Property Managers and Business Owners.
Find the full agenda here
Registration includes Cocktail Networking Drinks where the winner of the ‘2019 Recognition of Contribution to the Property Management Industry’ will be announced.
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 Tom Panos, Jake Millar and Lisa King, the 2019 YPIRE Conference is one you do not want to miss!
Grab your earlybird tickets before 31 May for the best pricing!
For all REINZ Events, click here.
Please note: The Taupo Regional Meeting has been cancelled.
| June | |||
| YPIRE Wellington Meetup | 11 June | 5.30pm - 7.30pm | The Arborist Rooftop Bar & Eatery |
| YPIRE Auckland Meetup | 13 June | 4.00pm - 6.30pm | Events on Kyber, REINZ |
| 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 |
| August | |||
| Thriving in Changing Times | 2 August | 9am - 7pm | Hilton Hotel Auckland |
| Septmber | |||
| Inspire | Motivate | Connect Conference | 18 September | 10am - 7pm | Shed 10, Auckland |
eForms additional documents
Did you know you can attach your company documents to an agreement in eForms?
1. Load your documents into the eForms platform using the settings tab
2. Attach the document to your agreement by clicking on "Documents"
3. Select the right document.
Auckland Council vote for new building fees
Auckland Council voted in favour of the proposal to increase building control and resource consent fees, which was designed to improve cost recovery and bring in an additional $662,000 in annual revenue, last week.
Bindi Norwell, REINZ Chief Executive said, "Over the last 10 years the median price of homes in Auckland has increased by 93%, from $440,000 in April 2009 to $850,000 in April 2019, and the announcement is likely to push this figure up even higher.
"We understand that the council has publicly talked about its financial difficulties and that costs do increase over time, but given that house prices in Auckland are already unaffordable for so many, this may push house prices up even further with the significant increase of some of the costs proposed."
Houses are cheaper outside Auckland
Bindi Norwell, REINZ Chief Executive said: "While Auckland's median house price has remained relatively stable over the last three years hovering around the $850,000 mark, homes are still proving to be too expensive for many – particularly first-home buyers."
She said there was a similar pattern in Wellington where the median price is now $737,500
REINZ Survey
Last Friday you will have all received a link to the new REINZ Survey. If you did not receive your unique link, please email ceo@reinz.co.nz
We would sincerely appreciate any feedback you have to give and encourage you to complete the survey - it should only take 15 minutes to complete.
Everyone that completes the survey, goes in the draw to win a Nespresso Essenza Mini Breville Pure Black thanks to REINZ Member Benefits supplier Noel Leeming.
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.
