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Ask your Kapiti real estate agent for these important real estate guides

The Real Estate Agents Authority publish two very useful booklets designed to help anyone involved in a property transaction. The booklet are the "New Zealand Residential Property Sale and Purchase Agreements Guide" and the "New Zealand Residential Property Agency Agreement Guide."

The Real Estate Agents Authority REAA is the regulatory body for the real estate industry. It is a New Zealand Crown entity set up to provide independent oversight of the industry and increased consumer protection.

Under the act, you must receive the New Zealand Residential Property Agency Agreement Guide before you enter into an agency agreement for the sale of a residential property. Your Kapiti real estate agent will give you the guide before you sign the agency agreement and before you sign a sale and purchase agreement. You must sign an acknowledgement that you have received the guide from your Kapiti real estate agent.

With the New Zealand Residential Property Agency Agreement Guide, you must be given this prior to entering into a sale and purchase agreement for the sale of any residential property. Again, you must sign an acknowledgement that you have received the guide from your agent.

The Guide to New Zealand Residential Property Sale and Purchase Agreements includes useful information on:

  * what a sale and purchase agreement is
  * what consumers can expect to see in sale and purchase agreement
  * cancelling a sale and purchase agreement
  * conflict of interest
  * information for buyers
  * what to do if there is a problem.

The Guide to New Zealand Residential Property Agency Agreements includes information on:

  * what consumers need to know before signing an agency agreement
  * what an agency agreement is for
  * what consumers can expect to see in an agency agreement
  * what to do if there is a problem.

Ask your Kapiti real estate agent for a copy of these guides (even if your property is not yet for sale). They are excellent informative reading for anyone on the Kapiti Coast (or anywhere in New Zealand) who is considering buying or selling real estate. Recommended reading.

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