If you want to apply for any of the different classes of real estate licence in New Zealand you must first satisfy certain criteria.
In order to become a licensed real estate agent in New Zealand:
- You must be 18 years of age or over
- You must 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
- You must have the required qualifications
- You are not prohibited from being licensed for any of the reasons set out in section 37 of the Real Estate Agents Act 2008.
In addition, if you want to apply for an agent’s or branch manager’s licence you need to have had three years’ experience in real estate agency work.
Please 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 (section 37
of the Real Estate Agents Act 2008). These include if you:
- Have been convicted 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
Have been convicted in the last five years of an offence under sections 14, 17 to 22, or 24 of the Fair Trading Act 1986
Have had your licence or certificate of approval cancelled within the last five years
Have had your licence cancelled within the last five years or your licence is currently suspended under the Real Estate Agents Act 2008
Are 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
Are an officer of a licensee company, a chief executive officer of a licensee company, or a branch manager and you have been disqualified from holding a licence
Are 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
Are subject to the provisions of the Lawyers and Conveyancers Act 2006
Are a company, or other corporate entity or partnership, where a person concerned in its management is disqualified from being licensed in his or her own right because they have been convicted, in New Zealand or another country, of a crime involving dishonesty (or of a crime that, if committed in New Zealand, would be a crime involving dishonesty) within the last 10 years.
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.
For full details of all persons prohibited from being licensed see section 37 of the Real Estate Agents Act 2008.
Give us a call if you are not sure if you will meet the criteria
If you have any questions about whether you will meet these criteria – please give us a call
before you start studying for your real estate qualification.