Blogs & Information - Northies Real Estate

Blogs & Information

“Defects” – being made aware of such things!

“Defects” – being made aware of such things!

Licensee must ‘ensure’ Purchaser is aware of Defect  Facts: This is a CAC decision concerning the application of Rule 10.7 of the Client Care Rules. The Complainant owned number X (‘Property X’), which is next door to the vendor’s property (‘the Property’). Two days...
The LIM Report – What’s in it and why have one!

The LIM Report – What’s in it and why have one!

The LIM Report Otherwise known as the Land Information Memorandum report. What’s in it and why have one! Information in this report can include the following: Valuation data. Yearly rates payable for the property and if there are any unpaid rates. Any charges for...

Knock! Knock! Who’s there!

Did You Know..? If you have been “Door knocked” by any salesperson regarding a product, and you sign up for it, or it is to sell your house – you have five days in which you can cancel. This is as part of the unsolicited goods and services provisions under the...

Northies News for February 2017

Minister’s Response to REINZ’s Letter concerning Tenancy Tribunal Practice Note 2016/1 Our REINZ(Real Estate Institute NZ) wrote to the Minister for Building and Housing, Hon Dr Nick Smith, in September relaying their concerns regarding the Tenancy Tribunal’s Practice...

Northies News for January 2017

Welcome and all the very best to you for 2017! Some of the things that can happen in real estate.  Facts: This is a Complaints Assessment Committee decision where the Complainants felt that the Licensee’s marketing of their property and advice made them feel the...

Northies News for December 2016

Mortgagee Sales – Some of the risks Potential risk to purchasers can include intentional damage to the property or land by the mortgagor, the possible need for, and additional cost of, legal intervention to remove a mortgagor who refuses to leave, and the lack of...

“Northies News” for November 2016

Mortgagee Sales Future changes in the market may mean that it will pay to understand a little bit about these kind of sales. A “mortgagee” is the party who has loaned money to another party, the “mortgagor” (usually the property owner), and who has taken security for...

Traders vs Investors

Property Traders vs Investors. I think there is a big difference between someone who trades in property and someone who invests in it. The biggest difference is probably time. A trader will be involved with a property for a short period of time, while the investor’s...
In-House Complaints & Disputes Procedure.

In-House Complaints & Disputes Procedure.

This link will take you to the In-House Complaints & Disputes Procedures that all Real Estate Agents are to have, to help you with the procedure should you ever be required to use it. 2014_in-housecomplaintsdisputeprocedures
The ones that sign…

The ones that sign…

Signatories The people who sign the documents, listing forms(Agency Agreements), contracts( Sale and Purchase of Real Estate) and other forms: Trusts – all trustees must sign. Partnership – all partners must sign unless specified otherwise in writing. Company – all...