Praise for regulation in the property manager sector

A bill which introduces a standards regime, minimum entry requirements and a complaints and disciplinary process has been introduced to parliament.

The Real Estate Institute says safeguards are important and something they've advocated for a long time.

Chief Executive Jen Baird says property managers play a large part in housing in New Zealand.

She says they look after half of New Zealand's stock and more people are going to be renting long term.