Last year the real estate industry went through a fairly significant period of evolution when changes to the Real Estate Agent’s Code of Conduct were introduced.
The ‘Professional Conduct and Client Care Practice Rules’ (aka the Code of Conduct) sets the minimum standard for New Zealand’s real estate agents. Basically it ensures agents exercise due care and diligence in respect of both buyers and sellers.
In an industry where this has patently not always been the case, that’s got to be a good thing. In fact, after reviewing the changes, I can’t help but think ‘What the…? How weren’t some of these rules in place before?’