If you want to apply for any of the different classes of real estate licence in New Zealand you must first satisfy certain criteria.
To become a real estate licensee, you must:
- Be 18 years of age or older
- Be a fit and proper person to hold a licence – we will carry out a police check. If you have convictions, you may not be considered to be a fit and proper person
- Have the required qualifications.
You cannot become a real estate licensee if you are prohibited from being licensed for any of the reasons set out in section 37 of the Real Estate Agents Act 2008 (see below).
If you want to apply for an agent’s or branch manager’s licence you must have three years’ experience in real estate agency work.
(Note that residential property management is not real estate agency work).
Some people are prohibited from holding a licence
You may be prohibited from holding a licence for a number of reasons listed in section 37 of the Real Estate Agents Act 2008. These include:
- A conviction in New Zealand or elsewhere in the past 10 years, of a crime involving dishonesty or a crime committed elsewhere that would be considered dishonesty in New Zealand
- A company, or other corporate entity or partnership, where a person in its management is disqualified from being licensed in his or her own right because they have been where conviction in New Zealand or elsewhere in the past 10 years, of a crime involving dishonesty or a crime committed elsewhere that would be considered dishonesty in New Zealand
- A conviction in the last five years of an offence under sections 14, 17 to 22, or 24 of the Fair Trading Act 1986
- Cancellation of a licence or certificate of approval within the last five years
- Having a licence currently suspended under the Real Estate Agents Act 2008
- Being subject to any overseas order in the last five years preventing you from acting as an agent or branch manager, or salesperson (or equivalent) unless you satisfy the Authority that you are a fit and proper person to hold a licence
- Officers of a licensee company, a chief executive officer of a licensee company, or a branch manager, disqualified from holding a licence
- Being prohibited from being a director or promoter of, or being concerned or taking part in the management of an incorporated body under the Companies Act 1993, the Securities Markets Act 1988, or the Takeovers Act 1993
- Being subject to the provisions of the Lawyers and Conveyances Act 2006.
Also, you cannot hold an agent’s licence if you are an undischarged bankrupt or are subject to subpart 4 of Part 5 of the Insolvency Act 2006. However, you can hold a branch manager’s or salesperson’s licence.
Call us if you are not sure
If you have any questions about whether you will meet these criteria, please give us a call on 0800 367 7322 before you start studying for your real estate qualification.