REAL ESTATE continued from page 114 SIMON DAMERELL CEO RAY WHITE PONSONBY, GREY LYNN AND PT CHEVALIER A request to pen a couple of hundred words about the residential real estate market informing the readers of things you don’t know, is a difficult request in such a well educated, well read, savvy sector of the community. I could discuss the amazing success of our auctions this year and that despite fewer buyers than a year or two ago, the fact that the buyers are being more determined, and willing to compete very strongly for ‘good properties’ may be of interest. Buts let’s move away from property to the real estate industry. The Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012 has laid down some very strict rules for our industry. Did you know that: “Before a prospective client, client (vendor) or customer signs... any contractual document a licensee (salesperson) must: a) Recommend that person seek legal advice and
Without an agency agreement it is not permitted to show a potential purchaser the property or market it in any way rule 9.6 A licensee must disclose any known defects to a customer (purchaser) rule 10.7. The Rules have greatly improved our industry and its ethical standards. WAYNE BULOG UNLIMITED POTENTIAL Time flies when you are having fun. I considered the other day that it has been 12 years since I shook hands with Grant Lynch and started UP in a small office up the road. What a ride since then, from good times to the G.F.C, to recent times, we have enjoyed interacting with a market here that has increasingly embraced our brand. Similarly, we are enjoying marketing and selling through this ‘in demand’ area of Auckland and like you, are continually amazed at the ever increasing value of homes in the area. To meet the expectations of the clients we serve, we have similarly invested heavily in the area with the purchase and redevelopment of the building we are in at 162 Jervois Road and in recent times we have enjoyed hosting many of our clients for ‘neighbourhood drinks’ here. They have been well supported; I guess you cannot go wrong with free drinks!
c) Allow that person to seek such advice prior to signing such document - rule 9.7 : Prior to signing an agency agreement a licensee (salesperson)
In keeping with the market we serve, we refreshed and re-launched our branding at the end of last year emphasising our commitment to the best possible result for the home owners we serve. We have moved more intentionally under the phrase ‘real estate by design’, an attitude that epitomises how we like to do things, check out our new website at www.uprealestate.co.nz
Must provide a written appraisal including the estimated commission based upon that written appraisal (rules 10.2 and 10.6) - anyone having paid a commission without first signing an agency agreement is entitled to request a refund of commission.
The real bonus however, has been the addition of great people. It has been a joy to assemble a team of recognised and experienced players all of whom carry our values passionately. It is this team approach that really is making the difference. F PN
b) Ensure that person is aware that he/she may need to seek technical or other advice and information and
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PONSONBY NEWS+ April 2014
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