This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 31 July 2014, amend the Real Estate Agents (Licensing) Regulations 2009 (the principal regulations). In particular, they change the required manner of advertising an application for a real estate licence.
Under the Real Estate Agents Act 2008, a person must advertise an application for a licence as a real estate agent, salesperson, or branch manager. These regulations remove the requirement in the principal regulations for the application to be advertised twice, at an interval of not more than 14 days, in an approved newspaper and in a prescribed form, and replace that with a requirement to advertise the application on the Real Estate Agents Authority’s Internet site, by way of prescribed content, for at least 14 days.
These regulations also consequentially amend the time for objecting to the issue of a licence to an applicant. Under the principal regulations (before amendment), a person has 14 days from the date of the second newspaper advertisement of the licence application to make a notice of objection to the Registrar. These regulations amend the time to 14 days from the first date the application is advertised on the Authority’s Internet site.
Date of notification in Gazette: 26 June 2014.
These regulations are administered by the Ministry of Justice.