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.
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.
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 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].