LAND AGENTS.

Grey River Argus, 23 July 1926, Page 5

LAND AGENTS.

CONFERENCE DECISIONS. HAMILTON, July 22. The Annual Dominion Conference of the Real Estate Institute of New Zealand decided to obtain a ruling of the Supreme Court on the question of the amount of commission to be allowed on sales by order of the registrar and whether the commission is to be on the equity only, or on the whole price ■of the property sold. It was also decided to take steps to prevent the operations of touts who, owing to their character, are unable to obtain land agents’ licenses. Among the remits carried were:— That all affiliated associations be urged to encourage their members to supersede the title “land agent” by the. title of “real estate agent. It was also resolved to take steps to obtain a uniform tariff. It was further resolved that steps be taken to urge the Government to stop the iniquitous practice whereby 5 per cent of the total area of land subdivided for sale confiscated for public purposes without compensation, the Institute being of opinion that when such land is required for public purposes, the owner should be reimbursed at the rate of the last Government valuation for the land so required.