About Selling
Explore our resources on REA guidelines, Anti-Money Laundering (AML) regulations, the Agency Agreement, the Sale and Purchase (S&P) contract, and the Disclosure and Vendor Warranties to effectively navigate the property transaction process.
REA GUIDELINES
The Real Estate Authority in New Zealand offers excellent guides for those planning to sell.
You can find these guides by following the links below:
ANTI-MONEY LAUNDERING (AML)
The update to the Anti-Money Laundering legislation in New Zealand mandates that real estate professionals conduct Client Due Diligence on all clients.
For more information,
please follow this link below:
THE AGENCY AGREEMENT
The Agency Agreement you will sign is a legally binding contract, so it's essential to understand its terms and conditions.
You can learn more about it here
THE SALE & PURCHASE CONTRACT
Like the Agency Agreement, the Sale and Purchase contract you sign is a legally binding document.
This contract can be complex and filled with legal terminology. It’s crucial to consult your solicitor before entering into this agreement
Learn more about it here
DISCLOSURE & VENDOR WARRANTIES
As the property owner, you have a legal obligation to disclose any knowledge you possess, or reasonably should possess, about the property and its surroundings to your appointed real estate salesperson.
Failing to disclose this information can lead to serious consequences, potentially rendering any signed Sale and Purchase agreement null and void. The same applies to the "vendor warranties" clause in the contract. If you cannot provide a warranty for something, ensure it is explicitly excluded from the agreement.
Your real estate salesperson will help you with this.