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Real Estate Agents Act 2008 (REAA)
Written by Trade Me staff at 10:11am, Tue 17 Nov 2009
The REAA 2008 comes into full effect today. All real estate agents (includes companies licensed as agents) must be licensed under this Act. It requires agents to ensure certain information is displayed on all advertisements, including the agent’s name and the fact that they are licensed under the Act.
When agents list property on Trade Me, the words “Licensed Agent (REAA 2008)” will be included beneath the agent’s company name.
For more information on obligations under the REAA 2008, see the REAA website.