In the table below, the key roles in residential property lending organisations and related professions are listed:

 

1. 1) Explain the purpose of the role?
2. 2) Explain the responsibilities of the role. A minimum of two responsibilities are required?

 

An example has been completed for you using the role of the accountant:

 

Roles	Purpose of the role	Responsibilities of the role (Minimum of 2 responsibilities)
Accountant	To provide taxation advice pertaining to the property transaction, prepare financial information and submit files to comply with the current tax rules.   Accountant will be involved if the property is for investment purposes and if the client is using their residential property for securing business finance, or when the borrower is self-employed.	To provide Year End financial accounts to the clients and submit tax return to IRD. Provide correct advice on tax related issues such as tax implications of property ownership structures.
Conveyancer
Insurance adviser
Lender - non-bank lender
Lender - registered bank
Mortgage adviser
Property manager
Real estate agent
Registered valuer
Solicitor