Disclosure - Real Estate Agents Act 2008


Updated April 2013




Stirling Real Estate Limited (referred to as us/our/we hereafter) licensed Real Estate agent under the Real Estate Agents Act 2008 (hereafter referred to as REAA 2008) makes the following disclosure to intending seller/s of property (referred to as you hereafter):


  • Stirling Real Estate Limited, it’s principal officer and all salespeople contracted to it are licensed under the Real Estate Agents Act 2008.
  • None of the parties referred to above have been charged or convicted of any offence under either the Real Estate Agents Act 2008 or the Real Estate Agents Act 1986.
  • All salespeople employed by us are properly supervised and managed as required by REAA 2008.
  • You must be supplied a New Zealand Residential Property Agency Agreement Guide prior to signing an agency agreement. Further information may be obtained from the Real Estate Agents Authority (phone 0800 367-7322) or on their website www.reaa.govt.nz .
  • You must receive an appraisal from us prior to signing an agency agreement. Our appraisal will include the commission payable on completion of a sale expressed in dollar amounts. You must be advised in writing if there are no comparable or semi comparable sales data on which to base an appraisal.
  • You cannot be compelled to contribute to extra advertising costs. Any extra advertising will be arranged by mutual agreement between you and us.
  • We receive no payments or other inducements from advertisers. We may receive a payment from Fast Connect Ltd for any service provided by that company to you as the result of a referral from us.
  • You need to disclose any hidden material fault in the property to be sold, so we can discharge our responsibility of disclosure to potential buyers. Failure to make such disclosure could make you liable to a damages claim.
  • If you sign an agency agreement while an exclusive agency agreement with another agency is still current you may become liable to more than one commission payment on achieving a sale.
  • When you cancel an agency agreement with us you will be supplied with a list (in writing) of potential buyers we have dealt with in regards to your property, and if you sell to one of these buyers we may be entitled to a sales commission.
  • The licensee must explain to you how choices that you make about how to sell or otherwise dispose of your land or business could impact on the benefits that the licensee may receive.
  • Before signing an agency agreement we recommend that you seek legal, technical or other advice on any matter/s you wish clarified.
  • The agency agreement must show a date on which the agency agreement will end.
  • The agency agreement must be completed prior to execution by all the sellers.
  • A copy of the agency agreement must be delivered to you no later than 48 hours after execution.
  • You may cancel an agency agreement prior to 5pm on the first working day after you have received a copy thereof..
  • We have an established in house procedure to deal with complaints should you be unsatisfied with some aspect of the sale process. You may request information, either in person or by post on how to complain. An email to complaint@sre-ltd.biz with Complaint in the subject line will generate an automated reply on how to complain.
  • The Real Estate Agents Authority has a procedure to deal with complaints should you be unsatisfied with some aspect of the sale process. Information on how to complain to the Authority may be obtained from the Authority (phone 0800 367-7322) or on their website www.reaa.govt.nz .
  • A complaint may be lodged both with us and the Real Estate Agents Authority.







 




This site is updated regularly, and every effort is made to ensure that the information is correct. We do not accept any responsibility for errors or omissions that may occur.

All amounts expressed are in New Zealand Dollars (NZ$) unless otherwise stated.





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