Real es­tate levy op­posed

South Waikato News - - PROPERTY -

The Real Es­tate In­sti­tute of New Zealand has re­acted strongly to a pro­posed 50 per cent levy in­crease the Real Es­tate Agents Author­ity plans to im­pose on all real es­tate agents. ‘‘The in­sti­tute is com­mit­ted to work­ing con­struc­tively with the author­ity and is sup­port­ive of the es­tab­lish­ment of a reg­u­la­tory body for our in­dus­try. We can­not sup­port a sig­nif­i­cantly large in­crease in levies be­ing im­posed on an al­ready stressed in­dus­try,’’ in­sti­tute chair­woman Rosanne Meo said.

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