Misconduct Decision Shows New Regime is Working

 
 
4/07/2012

The decision of misconduct against Auckland Real Estate Agent Rajneel Raj is a welcome one says Kevin Lampen- Smith, Chief Executive of the Real Estate Agents Authority (REAA).


In a case prosecuted by the REAA, Mr Raj has been found guilty of all six charges of misconduct by the Real Estate Agents Disciplinary Tribunal (Tribunal) for creating real estate sales in a fraudulent manner with a view to making a profit. A decision is still to be made on penalty however Mr Raj’s licence to practice real estate will continue to be suspended until a penalty decision is made by the Tribunal.


“These are very serious offences by someone who has done a similar thing before when the old regime was in effect. If you break the rules there are now serious consequences” said Mr Lampen-Smith.


“This case demonstrates why a reform of the real estate industry was needed. We agree with the Tribunal’s observation that the regime prior to the introduction of the Real Estate Agent's Act 2008 was not able to prevent serious re-offending by this defendant.


The intent of the Real Estate Agents Act 2008 is clear. It is to protect consumers and to give them confidence in real estate agency work and this decision shows that this intent is being upheld” continued Mr Lampen-Smith.


The decision can be read on the REAA’s website.


The Real Estate Agents Authority (REAA) is the independent, government regulatory body for the real estate industry in New Zealand. The REAA provides independent oversight of the real estate industry, ensures a high standard of service and professionalism within the industry, and provides increased protection for buyers and sellers of real estate. The REAA is a Crown entity, established under the Real Estate Agents Act 2008.

 

Contact:
Ngaire Vanderhoof
(04) 815 8466