"This law helps keep you safe when buying or selling a house by regulating real estate agents."
The purpose of the Real Estate Agents Act 2008 is to help and protect you when you are buying or selling a house. This Act wants to make sure you feel safe when working with real estate agents. It does this by making rules for agents and making sure they do a good job. The Act helps you by regulating the people who work in real estate, like agents and salespersons. It also tries to make the real estate industry better by raising standards. This means the Act helps hold people accountable for their actions through a fair disciplinary process. You can feel more confident when working with real estate agents because the Act is in place to protect you. The Act is there to help you and make sure real estate agents do their job properly. This helps keep you safe when you are buying or selling a house.
"What words mean in the Real Estate Agents Act 2008"
Part 1Interpretation and application
3Purpose of Act
The purpose of this Act is to promote and protect the interests of consumers in respect of transactions that relate to real estate and to promote public confidence in the performance of real estate agency work.
The Act achieves its purpose by—
regulating agents, branch managers, and salespersons:
raising industry standards:
providing accountability through a disciplinary process that is independent, transparent, and effective.