Criteria you must meet to work in real estate
Before you can get a licence to work in real estate, you need to meet certain criteria.
You need to:
- be 18 years of age or older
- be able to demonstrate that you are honest
- be a fit and proper person
- have the right qualifications and experience.
You cannot get a licence if you:
- have had a real estate licence cancelled
- have any other prohibitions
- are a lawyer or conveyancer.
When you apply for or renew your real estate licence, you must consent to a criminal history check. This lets us ask the New Zealand Police for any information about you that could affect your eligibility to work in real estate.
You can’t have a real estate licence if:
- you’ve been convicted of any crime involving dishonesty in the past 10 years
- you’re an officer of a company (or other corporate entity or partnership) where someone in management has been disqualified from being licensed because they’ve been convicted of a crime involving dishonesty in the past 10 years
- you’ve been convicted of an offence under sections 14, 17 - 22 or 24 of the Fair Trading Act 1986 in the last 5 years.
Be a fit and proper person
Being a fit and proper person means meeting a certain standard of conduct and character. It's up to you to satisfy the REA Registrar that you are fit and proper. When applying for a new licence, you should tell us about:
- any criminal convictions you have that haven’t been ‘clean slated’ (wiped from your record or legally withheld from us) - this includes driving-related offences
- any pending criminal charges
- any unsatisfied judgments in court
- any adverse findings against you by a court in civil proceedings
- any significant financial issues, such as bankruptcy
- disciplinary action taken against you by another regulatory or professional body.
When applying to renew your licence, you should tell us if any of the above have occurred since the last time your licence was approved.
You can’t have a real estate licence if
You have some restrictions
Examples of restrictions:
- You’ve been subject to an overseas order in the last 5 years that means you can’t act as an agent, branch manager, or salesperson (or equivalent) unless we agree that you’re a fit and proper person.
- You’re prohibited from directing, promoting or managing an incorporated body under the Companies Act 1993, the Securities Markets Act 1988, or the Takeovers Act 1993.
- Your real estate licence has been cancelled within the last 5 years.
- Your licence is currently suspended.
- You’ve been disqualified from holding a licence.
You’ve been made bankrupt
If you’re an und ischarged bankrupt, or are subject to Subpart 4 of Part 5 of the Insolvency Act 2006, you can’t hold an agent’s licence, but you can hold a branch manager’s or salesperson’s licence.
Read the Insolvency Act 2006 here(external link).
Lawyers and conveyancers
Refer to Part 1, section 7 of the Real Estate Agents Act 2008(external link).