Property managers slam reform proposals
Paul Slatin, director of First National Real Estate, says the effect of the proposals is that property managers will no longer have to be regulated. “Basically anyone, irrelevant of experience or qualification, will be able to take on the role of a property manager.”
Rotorua Rentals director Richard Evans says, “Any convicted child molester, house breaker, drug money launderer etc, can simply hang up their shingle and call themselves a property manager”.
Currently, licensed property managers have to be REINZ members, which entails being vetted by the police and getting a certificate from the Real Estate Agents Licensing Board annually. There is, however, no legal requirement for property managers to be licensed.
Says Evans: “We are constantly getting complaints from the public about unlicensed property managers and of course nobody can do anything about it and there is no redress at all. At least with REINZ members there is a complaints and punishment regime – well due for an overhaul – but its better than nothing, and most people have no idea that there is a difference.”
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