Fees and levies

It costs $1,132.75 (incl GST) to apply for a licence. From 1 February 2017 this will reduce to $939.55 (incl GST).

Licence applications​

The license application cost is:

​Cost:
​Applications on or after 
1 February 2017
​Applications before 
1 February 2017
​​​Application fee ​$187.00 ​$295.00
​Operational levy ​​$597.00 $657.00
​Disciplinary levy ​$33.00 ​$33.00
​GST ​$122.55 ​$147.75
​Total $939.55 $1,132.75

The application fee is for processing a new application. The two levies are annual charges to fund the costs of the Real Estate Agents Authority and the Real Estate Agents Disciplinary Tribunal.

if you are not granted a licence, the levies will be refunded.​The application fee is non-refundable.

Licence renewal

Licensees must pay the operational and disciplinary levy each year before their licence expiry date. The licence will expire if the levies are not paid.

​Cost:
​Licence renewal on or after 1 February 2017
​License renewal before 
1 February 2017
​Operational levy ​​$597.00 $657.00
​Disciplinary levy ​$33.00 ​$33.00
​GST ​$94.50 ​$103.50
​Total $724.50 $793.50
Licence suspension fee

The suspension fee applies when a licence is suspended.  If a licence is suspended for more than one year, the annual suspension fee is charged on the suspension anniversary. 

​Cost:
​Suspension commencing or anniversary of suspension on or after 
1 February 2017
​Suspension commencing or anniversary of suspension before
1 February 2017
Suspension fee or annual suspension fee $148.00 ​$95.00
​GST $22.20 ​$14.25
​Total $170.20 $109.25

Refunds

We do not issue refunds when a licensee surrenders or suspends their licence or when a licence is cancelled.

Pro-rata refunds are available when a licensee upgrades to a higher class of licence, or when a licensee is deceased. Read our information sheet (.pdf 145KB) to find out how to get a refund in these circumstances.

Fees and Levies Notice December 201​6 

Click here​ to read the Notice. (.pdf 329KB)​

Until 1 February 2017, the 2010 Notice applies:

Fees and Levies Notice 25 November 2010

Pursuant to sections 20, 21 and 22 of the Real Estate Agents Act 2008, the following notice is given.
 

Notic​​e

1. Title and comme​​ncement
a. This notice may be cited as the Real Estate Agents Authority (Fees and Levies) Notice 2010.
 b. This notice comes into force on 1 January 2011 and applies to fees and levies from 1 January 2011.
2. Fees and​​ levies
The Real Estate Agents Authority sets the following fees and levies, payable to the Registrar or the Authority, specified in the attached Schedule.
 
3. No refu​nd
a. Fees and levies are non-refundable.
4. Ta​x​
a. The fees and levies are exclusive of goods and services tax.
5. The pu​rpose​
a. This notice is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.

Schedule

Fees (exclusive of GST)
1. Application for a New Licence fee $295.00
2. Application for Suspension of Licence $95.00
3. Annual Suspension of Licence $95.00
 
Levies (exclusive of GST)
1. Annual Disciplinary levy $33.00
2. Annual Operational levy $657.00
 
Further enquiries by post to Real Estate Agents Authority, PO Box 25371, Wellington.
 
Dated this 17th day of November 2010
Kristy McDonald, QC
Chair
Real Estate Agents Authority