When does my licence expire?
A licence is issued for 12 months. The expiry date is 12 months from the date the current licence was issued. A person who is licensed is required to renew his or her licence by the expiry date.
The expiry date is shown on the evidence of licence document that the Registrar issues to a licensee when a licence is granted. The licence must be renewed each year by that date.
The expiry date is also shown on the Public Register.
Will you remind me that I need to renew my licence?
We will send you a renewal notification 4-6 weeks prior to the expiry date of your licence.
What do I need to do to renew my licence?
You need to print and complete one of the renewal application forms below:
- Individual licence renewal form (Form 7) [PDF, 225.92 kb]
- Company licence renewal form (Form 8) [PDF, 325.23 kb]*
How much does it cost?
It costs $793.50 to renew your licence. This is made up of:
Operational levy: $657.00
Disciplinary levy: $33.00
Sub-total: $690.00
GST: $103.50
TOTAL: $793.50
These levies must be paid each year when you renew your licence. The Registrar can cancel a licence if levies are not paid.
You can pay by cheque, credit card or internet banking. If you pay by internet banking please enter your licence number and surname as the reference and send a copy of the payment confirmation with your application.
The Real Estate Agents Authority is set up as a "Bill "Payee" with all the major banks. Payment can be made to:
Real Estate Agents Authority
Westpac
NZ Government Branch
Account Number: 03-0251-0039428-00
Once you have completed the relevant renewal application please send it, along with payment to:
Licence Renewals
The Real Estate Agents Authority
PO Box 25 371
Wellington 6146
Please remember, we need to receive your renewal application before your licence expiry date. If we don't receive it before this date your licence will expire and you will no longer be able to carry out real estate agency work.
*If the individual agent's licence of your company officer expires at the same time as your company licence, we recommend you post both renewal applications to us at the same time. A company licence cannot be renewed before the officer of the company's individual (agents) licence is renewed. If you send in the company licence renewal application before the renewal application for the officer of the company, the renewal of the company licence will be delayed.
When will I be notified of the outcome of my renewal application?
When we receive your renewal application we will:
- Update the status of your licence on the Public Register to "Active Pending Renewal".
- Send you a tax invoice once your payment has been processed.
Once your application has been processed we will email your approval letter and licence certificate to you.
What happens if a licence is not renewed?
If a licence is not renewed annually before its expiry date, it will expire. The expiry date is shown on the evidence of licence document that the Registrar issues to a licensee when a licence is granted.
If a licence expires and the person wishes to continue working as an agent, branch manager or salesperson, they will have to apply for a new licence and meet the criteria that apply at the time they make their application. Refer to the licensing regulations for further information on criteria.
What do I do if I don't want to renew my licence?
If you don't want to renew your licence you can:
- Do nothing and your licence will expire on your licence expiry date.
- Apply to suspend your licence.
- Apply to surrender your licence.
