Understanding your continuing education requirements
Continuing education helps reinforce your knowledge and addresses topical issues, trends and changes to legislation.
Continuing education helps reinforce your knowledge and addresses topical issues and trends and changes to legislation.
Licensed real estate professionals must complete at least 20 hours of continuing education each year by 31 December.
- 10 hours of verifiable education on topics set by REA and delivered by approved education providers
- 10 hours of non-verifiable education on other topics and types of learning.
If you don't complete the training by 31 December, your licence may be cancelled in January of the following year. If you are a reviving your licence, you must have completed the training during the preceding calendar year.
The continuing education programme will change in 2019. Read about the changes here.
View the list of approved education providers here.
If you have completed either the National Certificate in Real Estate or the National Diploma in Real Estate, you will be exempt from the continuing education requirements in the year you complete it and the following calendar year.
You must have completed the whole qualification to qualify for the exemption and will need to provide a copy of your NZQA certificate so we can update your record with the exemption.
If you voluntarily suspend your licence
If your licence is voluntarily suspended for less than 12 months, you will be required to complete your continuing education as if you had been working.
If you suspend your licence for 12 months or more, you will not have to complete continuing education while your licence is suspended. However, you will need to complete continuing education when you revive your licence, and you will also need to do a verifiable refresher course.
Read more about suspending or reviving your licence here.
Changes to REA's continuing education programme
From 1 January 2019, we propose to introduce a new continuing education framework that will offer a combination of mandatory and elected verifiable training topics. The requirement for verifiable training will remain at 10 hours per year.
Why are we changing?
The change to the mandatory and elected topic format for verifiable training has been made to better meet your individual needs. It should provide an optimal mix of covering compliance and other key topics, with flexibility for agencies and licensees to select topics relevant to their needs, business and interests.
The format also supports the principles of adult education and this is reflected in the proposed new name - continuing professional development (CPD).
What is proposed?
Mandatory verifiable training is content set by REA for all licensees. Elected verifiable training topics will be selected by agencies and licensees from around 60 hours of content repurposed and updated from previous years’ verifiable training content. All mandatory and elected topics will be delivered by approved training providers.
Each year, REA will determine the ratio of mandatory and elected hours depending on the topics REA requires all licensees to complete. For 2019, REA will set 5 hours of mandatory verifiable training, and licensees will elect 5 hours of training.
There is no change to the current requirement for 10 hours of non-verifiable training.
Verifiable education is a 10-hour block of training delivered through approved education providers.
You can choose which training provider you complete the continuing education with and whether you complete it face to face or online. The providers set their own fee for continuing education training. Some large agencies also offer training for their licensees.
Verifiable training providers advise us directly when you have completed the 10-hour programme. You can check the continuing education section of the licensee portal, after the 20th of the month following your completion to see if we have received your verifiable education information.
View the approved education providers here.
Use the licensee portal to check we have received your verifiable education details.
If your licence is suspended for less than 12 months
If your licence is suspended for less than 12 months, you will need to make sure you complete the continuing education requirements for both the calendar year in which you suspended your licence as well as for the year in which you reactivate your licence – if they are different years. The continuing education requirements for the year you suspended your licence need to be completed within 6 weeks of your licence being revived.
See our list of approved providers here.
If your licence is suspended for 12 months or more
If your licence is suspended for 12 months or more, you will need to complete a refresher training course of 10 hours of verifiable training focused on ensuring you are up to speed with any significant issues or changes in the law. You have until the second renewal of your licence (following the revival of your licence) to complete this refresher training. This training needs to be completed through an approved provider and is set by the REA.
This training will be in addition to the 10+10 continuing education requirements you will need to complete in the calendar year after you revive your licence.
See our list of approved providers here.
Non-verifiable education is active, structured training to help you to continue to improve as a licensee.
You choose your provider
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 3% 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
- viewing videos and webinars as part of a structured training session
- 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
- watching videos or webinars (except when part of a structured education session).
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.
We have developed a two-hour supervision training programme for agents and branch managers. The programme counts towards non-verifiable continuing professional development.
Read more about The Professional Standard on Supervision here.
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].