The new Real Estate legislation is well overdue. This Dilbert cartoon sums it up in many peoples minds. Interesting that even in the US they think along the same lines. I have had few dealings with Real Estate Agents as it is not often in your life that one sells a house. However, apart from dealing with a personal friend who is an Agent (and he was great) the other dealings have ranged from poor to abysmal. At the time we dealt with the abysmal one a friend, who was also dealing with the same Agent, tape recorded all his actions and used that as proof of the lies to obtain a payment from the firm.
The only fault I see in the legislation at present is that the fines are far too low - should be up to $500,000.
John Key was on TV this morning and he seems to favour the legislation but he is turning into a "burbler" - going on and on and seemingly wants to have a bet both ways on this as well as the fireworks problem and the Fiji disaster.