NZ Real Estate Branch Manager Practice Questions - NZ Certificate In Real Estate (Branch Manager) (Level 5) Exam

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Under Rule 9.6 of the Professional Conduct and Client Care Rules 2012, which of the following is true regarding how a property is advertised for sale?

A licensee must not advertise a property at a price that is lower than the vendor is willing to accept. A licensee may advertise a lower price to generate initial market interest, provided the vendor consents. Advertising a property without a price is a breach of the rules. The advertised price must match the official council valuation (RV) of the property.

Correct Answer:

A licensee must not advertise a property at a price that is lower than the vendor is willing to accept.

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