is there going to be a law change to register property managers or make them come real estate institute
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The Real Estate Licensing Authority in its briefing note to the new Minister of Housing, Judith Collins, referred to the need for "Commercial and Residential property management (to ensure that potential harm related to property management continues to be effectively regulated)."
Apart from this, there are no bills before Parliament which would have this effect.
on what strength will the RE Licensing Authority be able to bring this in - am looking at setting up a property management company however do not want to get caught in having a business and not being able to operate.
This is only a suggestion to the Minister. Usually it takes a year or so for any such proposal to become law. There certainly is no bill before Parliament that I am aware of, but at present there does not seem to be any strong move to regulate the industry.
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