A new broker's Act in New Zealand requires business appraisals at time of listing an asset for sale

Clyth Macleod, a broker and appraiser in Auckland, New Zealand, comments in his client newsletter that there’s a new Real Estate Agents Act that goes into effect next week—and business brokers are included.   The act requires “a written appraisal at the time of listing.”  Clyth’s firm uses BizStats, the national transaction database, as a basis for these appraisals.  

He also comments that, while unemployment in New Zealand is still rising, immigration is up 50% on average, so “there are more buyers in the market” for smaller businesses.