REAA: Buyers and sellers need more information
It has produced a guide, Get smart before buying and selling property, which is available from the REAA website.
The authority says it is designed to give buyers and sellers simple information about the process, including key things they should know and do, what to expect from their real estate agent, and a rundown of the different methods of buying and selling.
Chief executive Kevin Lampen-Smith said a major part of the REAA's work was to ensure that consumers were informed. He said real estate agents were already regularly offering guides to sale and purchase agreements and real estate agency agreements, but consumers needed a bit more information.
"It's not a result of anything in particult but has evolved around the way we get an informed customer. We've been here since 2009 and we're still looking at things and thinking about areas where we could do a bit better."
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