What is certain is that a real estate agent can only tell you it’s a multi-offer process when there is more than one offer in writing. Some real estate agencies will hold on to the first offer they receive while they check for others, effectively creating a multi-offer process. We have more information about the multi-offer process on our website for buyers and sellers settled.govt.nz. Belinda Moffat is the chief executive of the Real Estate Authority (REA), the independent government agency that regulates the New Zealand real estate industry. For information about working with a real estate agent, visit rea.govt.nz.

Source: Stuff October 22, 2020 16:00 UTC