Real Estate Agents Act 2008

Real Estate Agents Authority - Practice rules

17: Criteria in relation to approval of practice rules by Minister

You could also call this:

"How the Minister decides if practice rules for real estate agents are fair and reasonable"

Illustration for Real Estate Agents Act 2008

When the Minister decides whether to approve practice rules, they consider some key things. They think about protecting consumers by imposing duties or restrictions on agents. They also consider if the benefits of a rule outweigh the burden it may cause. The Minister looks at whether the rules align with New Zealand's international obligations. They check if the rules are consistent with the Real Estate Agents Act and other laws. You can expect the Minister to consider these factors when making their decision. The Minister's decision is based on these criteria to ensure practice rules are fair and reasonable. They aim to balance the needs of agents and consumers. This helps maintain a fair and trustworthy real estate industry in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1151990.


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"Who the Authority must talk to before making new rules for real estate agents"


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18: Power of Minister to amend practice rules, or

"The Minister can change real estate practice rules if they are not good enough."

Part 2Real Estate Agents Authority
Practice rules

17Criteria in relation to approval of practice rules by Minister

  1. The Minister must, in deciding whether to approve any practice rules, have regard, among other things, to—

  2. the principle that it may be necessary or expedient to impose duties or restrictions on agents, branch managers, or salespersons in order to protect the interests of consumers:
    1. the principle that the burden of a duty or restriction should be proportionate to the benefits that are expected to result from the imposition of the duty or restriction:
      1. the consistency of the rules with New Zealand's international obligations:
        1. the provisions of this Act and all rights and obligations of agents under the law.