Property

REINZ urges caution after ruling

Agents must be very careful that they can back up any claims they make about a property, the Real Estate Institute says.

Friday, November 23rd 2012

The Real Estate Agents Authority's disciplinary tribunal has overturned earlier decisions and says agents can describe houses as being designed by an architect, even if the plans were drafted by someone not registered with the Registered Architects Board.

They just need to prove the designer has the necessary skills.

The tribunal's decision comes after an appeal by eight Barfoot & Thompson agents who had described houses as architect-designed.

The authority's complaints assessment committee had found the agents of guilty of unsatisfactory conduct, but the tribunal overturned the findings on appeal.

New Zealand Institute of Architects' Auckland chairman Richard Goldie said the value of the word “architect” was being eroded.

"Despite these complexities of the use of the word architect in law, we still commonly understand that the word 'architect' means a registered architect - a professional, a person who has been educated and has gone through a pretty rigorous registration process," he told media.

"To then have a body really downgrading all of that I think is outrageous, as far as architects are concerned."

But REINZ chief executive Helen O’Sullivan said agents still needed to be careful about the way they described a property. “If you make a representation, you need to be able to substantiate it.”

She said more agents were naming the person who designed a property rather than claiming they were an architect.

Comments

No comments yet

Most Read

Unity First Home Buyer special 4.29
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.85
China Construction Bank 4.85
ICBC 4.85
TSB Special 4.89
Kiwibank Special 4.89
ASB Bank 4.89
SBS Bank Special 4.89
Westpac Special 4.89
BNZ - Std 4.89
Nelson Building Society 4.93
ICBC 4.95
SBS Bank Special 4.95
China Construction Bank 4.95
Wairarapa Building Society 4.95
TSB Special 4.95
ANZ Special 4.95
ASB Bank 4.95
Kainga Ora 4.95
Westpac Special 4.95
AIA - Go Home Loans 4.95
SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.59
BNZ - Std 5.59
BNZ - Classic 5.59
AIA - Go Home Loans 5.59
ASB Bank 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
ANZ 5.79
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Owner Occ 5.95
Co-operative Bank - Standard 5.95
Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank - Offset 6.35
Kiwibank 6.35
TSB Special 6.39
Kainga Ora 6.44

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.