REAA Guides

 

These two documents were introduced as a fundamental component of the required documentation concerning an agency agreement and the sale and purchase contract in New Zealand by the REAA, effective 17th November 2009. They provide clarity and transparency on the rights and expectations from a prospective client’s position and the obligations and consideration that must be followed by a licensee throughout this two stage process.
Such information is provided in booklet form and must be delivered directly to any prospective client before any contracts for an agency or the sale and purchase of property are entered into by either party. 

The New Zealand Residential Property Agents Agreements Guide

This guide includes information on:

  • what prospective clients need to know before signing an agency agreement
  • what an agency agreement is for
  • what prospective clients can expect to see in an agency agreement
  • what documentation must be present to form a valid agreement
  • what a ‘cooling off’ period is for


An acknowledgement in writing of having received this information MUST form part of the documentation associated with the agency agreement. It must be have the correct names, contact details, property details plus date and signatures by all associated parties.

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The New Zealand Residential Property Sale and Purchase Agreement Guide

This includes information on:

  • what a sale and purchase agreement is
  • the difference between standard and general clauses
  • cancelling a sale and purchase agreement
  • when does a deposit need to be paid
  • information for buyers
  • what to do if there is a problem


An acknowledgement in writing of having received this information MUST form part of the documentation process associated with the sale and purchase agreement. It must be have the correct names, contact details, property details plus date and signatures by all associated parties.

To preview this document, Click here