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The Real Estate Institute of New Zealand Incorporated
CODE OF ETHICS

This code of ethics is an every day guide for all members the Real Estate Institute.

13.1 Members shall always act in accordance with good agency practices, and conduct themselves in a matter that reflects well on the Institute, its members, and the real estate profession.
13.2 Members shall be loyal to the Institute and active in its work.
13.3 Members shall fully conversant with the Act, other legislation relating to real estate, and these rules all of which must be adhered to at all times.
13.4 It shall be the responsibility of licensed members to ensure that salespeople or employees engaged or employed by them are of good character and repute, and that their conduct is no less than that required of a member.
13.5 Members shall never publicly criticise fellow members.
13.6 When asked to express an opinion of a fellow member's transactions by a principal, members shall render their opinion in accordance with professional courtesy and integrity.
13.7 Members shall not make frivolours or vexatiours complaints about other members and/or salespersons.
13.8 Whenever a conflict of interest arises, it shall be the duty of the member to disclose the conflict of interest to member's clients.
13.9 Information communicated to a member by a principal, or otherwise received by a member on behalf of a principal, is confidential, and must not be disclosed unless permitted by the principal, or by operation of the law.
13.10 Members shall not accept instructions to carry out an appraisal unless they are competent to carry out such appraisal.
13.11 Acceptance by a member, either directly or through a liceensee by whom the the members is eengaged or employed as a saleperson, of any agency appointment imposes the obligation to render skilled and professional service.
13.12 A member shall render services with absolute fidelity, honour and courtesy.
13.13 A member must be fair and just to all parties in negotiations and in the preparation and execution of all forms and agreements, and protect the public against unethical practices in connection with real estate transactions.
 
Other extracts from the Rules:
14.12 (Rules of Practice) Every member shall prominently display a copy of the Code of Ethics in the member's office, so that it can be easily read.
16.1 (Discipline - Liability of Licensees) Where a branch manager's, Saleperson's, employee's or licensee company officer's course of conduct, if attributed to a licensee or a licensee company, would mean that the licensee or the principal officer of the licensee company has breached these rules or the Act, the licensee company shall be deemed to have breached these rules or the Act.

This is the Current Code of Ethics as of January 2000.

 

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