These are the standard terms of Arizto Limited (Arizto), a New Zealand company and licensed real estate agent (licence number 20073947) under the Real Estate Agents Act 2008 (Act). When these terms refer to “us”, “we”, or “our”, they refer to Arizto and, where applicable, employees of, and contractors to, Arizto, including branch managers and salespersons licensed under the Act.
These terms, together with the attached details about your sale as provided to Arizto (Listing Details), make up the agency agreement between us and you (the Agreement).
The Listing Details contain, among other things:
• the address and legal description of the property to be marketed for sale by Arizto (Property);
• the chattels to be sold with the Property;
• the method of sale and target sale price of the Property;
• details about the Property, including whether the Property has any tenants or defects;
• the full legal name of every registered proprietor of the Property (Seller);
• the full legal name of every person signing this agreement, whether as, or on behalf of,
a Seller (Signatory);
• if all Sellers of the Property are not signing this agreement, confirmation of the authority of the
Signatory(ies) to enter into this agreement on behalf of the Seller(s). Such authority could include a
power of attorney, resolution of trustees, company minutes, or court document; and
• the address and other contact details of each Seller.
• When we refer to “you” or “your” in this Agreement, we refer to every Seller named in the Listing Details.
Arizto and branch managers and salespersons working for Arizto are required to comply with the Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012 (Rules). The Rules set out a code of professional conduct and client care prepared by the Real Estate Agent’s Authority (Authority).
We recommend you read the Rules before signing this Agreement.
You can access the Rules via our website.
The Authority has prepared an approved guide to agency agreements and sale and purchase agreements for residential property. A copy of each guide should have been provided to you. You can also access the guide via our website. We recommend that you read the approved guides before entering into this agency agreement and any agreement for the sale and purchase of the Property.
You acknowledge that you were given a copy of the approved guides before entering into this Agreement.
The Rules require us to recommend, and give you a reasonable opportunity to obtain, certain advice before entering into this Agreement.
You acknowledge that we have:
• recommended that you seek independent legal advice;
• ensured that you are aware that you can, and may need to, seek technical
or other advice and information; and
• provided you with a reasonable opportunity to obtain the advice.
We are pleased to adopt in these terms the standard clauses for agency agreements developed by the Authority. The Authority recommends that you only use agencies that include those standard clauses.
APPOINTMENT AS AGENT
You appoint Arizto to be your real estate agent for the purposes of selling the Property.
You appoint Arizto as general agent. The agency commences on the date you signed the Agreement and continues until cancelled by either party giving seven (7) days’ written notice to the other party.
We are authorised to market the Property for sale, conduct negotiations with potential purchasers, prepare sale documentation, and do all other things that may be necessary, expedient, or desirable to sell the Property (together, the Services).
The Services will include:
- arranging and conducting viewings of the Property for potential buyers, whether by open home or
- interior, exterior, and aerial photography of the Property;
- video footage of the Property filmed and edited into a short marketing video;
- designing a floor plan for the Property;
- professional copywriting for the description of the Property;
- obtaining a, rental appraisal and certificate of title;
- the preparation of sale documentation;
- online advertising of the Property on arizto.co.nz, realestate.co.nz, trademe.co.nz, facebook.com,
oneroof.co.nz, homes.co.nz and, at our discretion, other websites used by Arizto for advertising the sale
of real estate;
- printing a signboard and installing it at the Property;
- access to Arizto’s online seller dashboard; and
- ongoing support provided by Arizto’s head office.
- Your authorisation to provide the Services extends to any licensed real estate agent working for Arizto
and providing real estate agency work as defined in section 4(1) of the Act (Agency Work).
If you have chosen to sell the Property by auction, a further NZ$800 (including GST) (Auction Fee) is payable in addition to the Initial Fee. The Auction Fee covers expenses we will incur in preparing for, and arranging, a sale by auction. The Auction Fee is payable at the time of signing the Agreement. Once paid, the Auction Fee is non-refundable.
We confirm that, in relation to any expenses for or in connection with any Agency Work carried out by Arizto for you in connection with the transaction covered by this Agreement, that we will not receive, and are not entitled to receive, any rebates, discounts, or commissions.
You will pay us commission of NZD $7,500 + GST ($8625 including GST) (Commission) if:
• you enter into an agreement to sell or exchange the Property (or part of it) at any time during the term
of the agency, through the instrumentality of Arizto or to a purchaser introduced by Arizto and the
agreement is or becomes unconditional (whether during or after the term of the agency); or
• you enter into any agreement to sell or exchange the Property (or part of it) within six (6) months
following the date of cancellation or termination of the agency, through the instrumentality of Arizto or to a purchaser introduced by Arizto, and the agreement is or becomes unconditional (whether during or after the 6 months period).
In either case, the Commission will become payable immediately after the agreement becomes unconditional.
Please be aware that if you enter into, or have already entered into, other agency agreements for the sale of the Property, you could be liable to pay full commission to more than one agent in the event that a transaction is concluded. The circumstances in which you could incur such liability should have been explained to you.
You acknowledge that we have explained the circumstances in which commission could become payable to more than one agent.
PAYMENT OF DEPOSIT
Arizto does not operate its own trust account for the payment of deposits.
Any deposit payable by a purchaser of the Property, or any part of the deposit, will be paid to your Solicitors Trust Account. Your solicitor will then be responsible for holding and disbursing the money on behalf of the purchaser and you.
METHOD OF SALE
The method of sale of the Property is set out in the Listing Details. Given we charge a fixed fee for commission as set out above, the individual benefits we will receive will not be affected by your chosen method of sale.
You should have received a written appraisal for your Property. The appraisal may be included in the Listing Details.
You acknowledge that we have given you a written appraisal of the Property that realistically reflects current market conditions and:
• is supported by comparable information on sales of similar properties; or
• where no directly comparable or semi- comparable sales data exists, this has been explained
to you in writing.
DISCLOSURE OF INFORMATION TO PURCHASERS
The Rules say that we must not mislead, provide false information to, nor withhold information that should by law or in fairness be provided to, a potential purchaser of the Property. Where it would appear likely that the Property may be subject to hidden or underlying defects, then the Rules requires us to either:
• obtain confirmation from you, supported by evidence or expert advice, that the Property is not subject
to defect; or
• ensure that any potential purchasers are informed of any significant potential risk so that they can seek
expert advice if they so choose.
You may not direct us to withhold information relating to hidden or underlying defects in the Property from potential purchasers. If you do, the Rules require us to cease acting for you. We will then terminate this Agreement with immediate effect by giving written notice to you.
USE OF MATERIALS
You consent to us using any photographs and display materials intended for public advertising that we create when providing the Services to you to promote other services offered by Arizto, including after the term of the Agency Agreement.
Arizto has developed and maintains written in-house procedures for dealing with complaints and dispute resolution. You should read those procedures before entering into any Agreement. The procedures can be found on our website.
The Authority operates its own complaints process that can be accessed via the Authority’s website, www.rea.govt.nz. You can make a complaint using the Authority’s process without first using Arizto’s in-house procedures. Any use of our in-house procedures does not preclude you from making a complaint to the Authority.
A copy of the Agency Agreement, and any notices given under or relating to that Agreement, may given to the Seller or the Seller’s lawyer by hand, mail, or email. If there is more than one set of contact details for a Seller, a copy of this agreement and any notices under or relating to it may be sent to any one of the Sellers and notice to any one Seller will be treated as notice to all Sellers.
This Agreement and any notices under or relating to this Agreement will be treated as having been received:
if given by hand, at the time of personal delivery;
if given by mail, three (3) days after being mailed to the recipient’s last known postal or residential address; or
if given by email, when the email enters the information system at the recipient’s last known email address.
HEALTH AND SAFETY
You will give us all reasonable assistance and information to ensure that no hazards or risks at, or arising from, the Property affect the health and safety of any person while we are providing the Services. You agree to:
promptly provide us information about any and all hazards or risks at the Property that are known to you;
comply with our instructions about actions required to be taken to address any identified hazards or risks at the Property for the purposes of ensuring the health and safety of people visiting the Property at our request or invitation; and
do all other things we consider to be reasonably necessary to meet our obligations under the Health and Safety at Work Act 2015.
CONFIDENTIALITY AND PRIVACY
Except as otherwise provided in any Agreement or as agreed between the parties, neither party may disclose any information contained in, arising from, or related to any Agreement to any third party other than:
with the other party’s written consent;
to its employees, officers, agents, contractors, advisers, and bankers, but only to the extent reasonably necessary;
to enforce a party’s rights or to defend any claim or action under the Agreement;
as necessary to answer or defend any complaint, claim, allegation, or proceedings you make against us;
where the information is already in the public domain other than as a result of breach of the Agreement; or
as required by law.
WARRANTIES AND INDEMNITY
You warrant to us that you have full power and authority to enter into an agency agreement and appoint us as general agent for the sale of the Property. If the Agreement is not signed by all Sellers of the Property, each Signatory warrants that they have full power and authority to enter into the Agreement on behalf of the relevant Seller(s).
You also warrant that, to the best of your knowledge and belief, and after making proper enquiries:
the information provided to us about you and the Property in the Transaction Details is correct;
the Property does not have any defects or hazards and is not subject to any requisitions, notices, or demands from any party, or, if there are such issues affecting the Property, that those issues have been disclosed to us; and
you have not omitted to provide any other material information about you or the Property to us.
You indemnify us against all losses, damages, claims, or other liability arising from breaching the above warranties.
ELECTRONIC COMMUNICATIONS AND SIGNATURES
You consent to this Agreement, and all documents, notices, and other communications required under or relating to this Agreement, being provided to you, and signed, electronically. You acknowledge that this Agreement will be legally binding after being electronically signed on behalf of the Seller(s) and Arizto.
Signing of the Agreement will be treated as your acknowledgement that you have also received a copy of the Agreement signed by you and us.
WHEN THIS AGREEMENT ENDS
This Agreement, and our appointment as general agent under it, will end:
• in the case of a party cancelling this Agreement on notice, on the date seven (7) days
after the notice of cancellation is received; or
• in the event you direct us to withhold information relating to hidden or underlying
defects in the Property from potential purchasers, the date you receive our notice cancelling the Agreement.
The termination of this Agreement for any reason will not affect the rights, powers, authorities, or remedies of the parties that accrued before termination. This includes our right to be paid the commission.