Non-verifiable education is active, structured training to help you to continue to improve as a licensee.
The training providers do not need to be approved by REA but you do need to keep records to demonstrate you have undertaken at least 10 hours of non-verifiable training each year.
Annually, REA audits 5% of eligible licensees on their non-verifiable education. If you are audited you will be asked to submit evidence you have completed your non-verifiable continuing education. Failure to provide the necessary evidence may result in the cancellation of your licence.
Salespersons and branch managers taking courses to upskill their real estate licence (from salesperson to branch manager for example) may attribute this towards non-verifiable education for the year.
Non-verifiable education can include:
- taking part in education sessions at industry and franchise conferences
- in-house training provided by agencies (apart from training about in-house systems)
- information technology (IT) courses
- sales, marketing or listing training by external trainers
- commercial and residential property management training courses
- studying and completing, continuing education for relevant trades such as architecture, building inspection, or surveying
- seminars about council bylaws
- time spent studying towards one of the National Certificates or the National Diploma in Real Estate can count towards non-verifiable education - if you have completed one of these qualifications in full, you may be exempt from the 20 hours of continuing education for up to 2 years.
Non-verifiable education for branch managers and agents can include:
- accounting and finance training
- business management
- communications training
- trust account training such as auditing or management accounting.
Non-verifiable education does not include:
- unrelated community education courses
- agency induction courses, or courses about an agency's internal operating or computer systems
- awards dinners, networking or social functions
- reading journals or watching videos.
Supervision training as non-verifiable continuing education
The 2017 supervision standard is the result of a shared desire from the industry and REA that those working in real estate in New Zealand are supervised appropriately. It is a principle-based standard, so it doesn’t prescribe specific steps to follow. Instead, it outlines general objectives to be achieved.
Recording non-verifiable continuing education
We have developed a log template to record your non-verifiable continuing education throughout the year. It is a good idea to fill in a log as you complete non-verifiable training. All training must be verified by a trainer, manager or supervisor to confirm they have seen documentary evidence to show the training has been completed.
Download the Continuing education log template [PDF, 206 KB].