REAL ESTATE INSTITUTE

Taranaki Daily News, 13 October 1928, Page 5

REAL ESTATE INSTITUTE

CONFERENCE MATTERS DISCUSSED TARANAKI DELEGATES REPORT. For the purpose of receiving the reports of the Taranaki delegates to the recent conference of the Real Estate Institute of New Zealand at Wanganui, a meeting, of the committee of the Real Estate Institute of Taranaki was held in New Plymouth last night, Mr. E. Jackson presiding. “There was a good attendance of representatives from all parts of New Zealand,” stated Mr. Jackson’s report, “and the whole tone of the conference was with a view to uplifting and placing the real estate business on a higher plane. It was freely expressed with regret that legislation had not so far been put in force to eliminate touts and parasites who were preying cut tho legitimate holders of the land agency license. However, remits have been passed and filed with a view, when fresh legislation is brought down, to amending the Land Agents’ Act. “It is to be regretted that no local candidates have sat for the examination. There is no doubt that young members who wish to succeed in real estate would be greatly benefited by the examination.”

In concluding his report, Mr, Jackson mentioned the good feeling that existed between the delegates, and said that the aim and endeavour of each of them was to make tho real estate business one that would be appreciated both by the vendors and the purchasers. Mr. A. Yarndley’s report stated, inter alia: My recommendations are as follow:

(1) That the secretary advise the members, the solicitors and the Government institutions that our tariff is not altered and that the proposed new tariff has not been adopted, and enclose a copy of the schedule, together with a list of the members of the institute. (2) That all members be advised to consider the question of examinations. I strongly recommend any junior land salesman to sit for the examination.

(3) Members who have no copy of the Land Agents’ Act should obtain a copy from the secretary at their own expense.

(4) Every member of the Real Estate Institute of Taranaki, when advertising properties, should mention “member or members of the Real Estate Institute,” and, if necessary, “holders of diplomas.” By doing this it will show a distinction between the members and non-members.

The following remits were agreed to, and the .Act, I take it, will be amended accordingly, said Mr. Y-arndley: Wanganui Remit No. I.—That the Land Agents’ Act be amended to provide that every person shall be deemed to be a land agent whose business is to act as agent, etc., in respect of the leasing or letting of any business premises in addition to the letting of houses as at present provided for. Canterbury Remit No. I.—That in any case where a man has been refused a land agent’s license, mainly on the ground of malpractice, it shall be made illegal for any licensed land agent to employ him as a land salesman, unless with the consent of the magistrate who has refused the license. Taranaki Remit No. 1. —That in the interest of the Real Estate Institute all land salesmen should be licensed or approved by a magistrate. Canterbury Remit No. 3. —That provision be made whereby in the event of any agent committing a misdemeanour which would be sufficient to justify a magistrate in refusing to renew his license, it shall be competent for a magistrate on such misdemeanour being proved to cancel his license during the then current year (instead of having to wait until March 31). Wanganui Remit No. 2.—That section II of the Land Agents’ Act be amended to provide that before granting an application for a license, the magistrate shall satisfy himself that in addition to the character and financial position of the applicant, he shall also have the necessary ability to carry on business as a land agent. Wanganui Remit No. 3. —That tho Government he requested to instruct the Public Trust Office, Advances to Settlers Office, and other Government departments which dispose of property through the medium of land agents, to give preference to agents who are the holders of the diploma of the Real. Estate Institute of New Zealand, and who are members of local real estate institutes.

Otago Remit No. I.—That this conference considers what steps can be taken to give greater publicity to the Real Estate Institute, its affiliated institutes, and what they stand for, with a view to educating public opinion as to the status of members of the various institutes.

Hawke’s Bay Remit No. I.—That some name or title be registered by the .Real Estate Institute for adoption by members of the institute by which they shall become known to the public, and also by which the public shall become better acquainted with the institute and its objects. Hawke’s Bay Remit No. 2.—That the institute consider the advisability of approaching all existing valuers and arbitrators* associations in New Zealand with a view to the amalgamation of such associations with the institute; that papers on the subject of valuation and arbitration be included in the institute’s examinations, and that the conference set up a committee to deal with the necessary arrangements and details with power to act, should sucn an amalgamation be found desirable. Auckland Remit No. I.—That the form of exchange agreement be discarded and that members be recommended to treat exchanges as two sales, using a separate form of sale and purchase agreement for each. After considerable discussion the committee. decided to adhere to the Taranaki Institute’s original tariff.

A vote of thanks for the able manner in which Messrs Jackson and Yarndley had represented Taranaki was passed.