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Real Estate Agents Act 2008

Miscellaneous provisions - Provisions relating to repeal of Real Estate Agents Act 1976 - Repeal of Real Estate Agents Act 1976

158: Transfer of assets and liabilities

You could also call this:

"When the Real Estate Agents Licensing Board closes, its assets and liabilities move to REINZ."

Illustration for Real Estate Agents Act 2008

When this section starts, the assets and liabilities of the Real Estate Agents Licensing Board move to REINZ. This Board was set up under section 4 of the Real Estate Agents Act 1976. You can find more information about this Act on the New Zealand legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152170.

Topics:
Business > Industry rulesHousing and property > Buying and selling homes
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157: Repeal of Real Estate Agents Act 1976, or

"An old law about real estate agents is no longer used."

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159: Membership of REINZ, or

"Being a member of the Real Estate Institute of New Zealand"

Part 6Miscellaneous provisions
Provisions relating to repeal of Real Estate Agents Act 1976: Repeal of Real Estate Agents Act 1976

158Transfer of assets and liabilities

  1. On the commencement of this section, the assets and liabilities of the Real Estate Agents Licensing Board constituted under section 4 of the Real Estate Agents Act 1976 vest in REINZ.