A question in my mind.......

bungyjumping999

I bought a house last year, neighbour told me recently the agent who sold me is the daughter of the owner who is now in rest home.

Do I need to be told (about their relationship) at the time of sale?

观。火

你太逗了吧？
11 Lake Pupuke,takapuna,刚卖了，中介见面就说了是她父母房子。

NewLynnHse

conflict of interest?

58922683

Nope。

NewLynnHse

YES!!

http://www.reaa.govt.nz/ForLicen ... ct-of-interest.aspx

Conflict of interest
The Real Estate Agents Act 2008 sets out specific rules to protect buyers and sellers in the event of a conflict of interest.

​If you are carrying out real estate agency work and you, or someone connected to you personally or professionally, has an interest in the property or business being sold or wants to buy it, then you must follow specific procedures set out in the Act.

The Real Estate Act 2008 defines someone connected to you personally or professionally as:

Any partner you may have under a partnership agreement
Anyone in your employment
A branch manager or salesperson engaged by you
Your spouse or civil union or defacto partner
Your child, grandchild, brother, sister, nephew or niece or their spouse or civil union or de factor partner
A grandparent, a parent, or an aunt or uncle of the licensee or their partner (under a partnership agreement), their employee or a salesperson or branch manager engaged by them, or their partner (spouse, civil union, or de facto partner)
Any other child cared for by you, your spouse or your civil union or de facto partner
Your parent(s) or spouse of your parent(s) or their civil union or defacto partner
Any entity that has an interest in you or in which you have an interest (that is not an entity listed on the New Zealand Stock Exchange)
In the case of an agent that is a company, the above will include every officer and shareholder of the company
Disclosure to buyers
If you are engaged, directly or indirectly, in selling a property or business in which you, or anyone connected to you personally or professionally owns or has a financial interest, then you must disclose that conflict of interest to the buyer in writing and inform them if you or the person(s) connected to you will benefit financially from the transaction. There is a form below that you can use for this disclosure.

womb

Thanks for the info.

bungyjumping999

Thanks for the information.

So, proper procedure is to disclose.  This agent ( from a small company) didn't disclose , I only knew it when neighbour told me about the history of the house.  

i have no intention of complaint, just that it would be good at least i knew their relationship. It was still a good buy on the hindsight.

ch51019

It was still a good buy on the hindsight.

Thats the important part

onetreehill1

i think the act asked to disclose the conflict of interest but not many people realize about that, which included that agent and LZ as well. bought a happy house is the most important point

bungyjumping999

onetreehill1 发表于 2014-1-25 10:43
i think the act asked to disclose the conflict of interest but not many people realize about that, w ...

thanks ...