Real Estate Agents (Licensing) Amendment Regulations 2021

2021/399

Coat of Arms of New Zealand

Real Estate Agents (Licensing) Amendment Regulations 2021

Cindy Kiro, Governor-General

Order in Council

At Wellington this 29th day of November 2021

Present:
Her Excellency the Governor-General in Council

These regulations are made under section 156 of the Real Estate Agents Act 2008 on the advice and with the consent of the Executive Council.

Regulations

1 Title

These regulations are the Real Estate Agents (Licensing) Amendment Regulations 2021.

2 Commencement

These regulations come into force on 1 February 2022.

3 Principal regulations

These regulations amend the Real Estate Agents (Licensing) Regulations 2009.

4 Regulation 12 amended (Prescribed qualification to obtain salesperson’s, branch manager’s, or agent’s licence)

(1)

After regulation 12(1)(b)(iii), insert:

(iiia)

the New Zealand Certificate in Real Estate (Level 5):

(2)

Replace regulation 12(1)(c)(iii) with:

(iii)

the New Zealand Certificate in Real Estate (Level 6):

(3)

After regulation 12(2), insert:

(3)

However, the Registrar may accept a qualification listed in subclause (1) completed outside a period specified in subclause (2) as a prescribed qualification if satisfied that the applicant can demonstrate sufficient knowledge of real estate agency work.

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 February 2022, amend the Real Estate Agents (Licensing) Regulations 2009.

Clause 4 amends regulation 12, which prescribes qualifications necessary before a person is entitled to be licensed as a salesperson, branch manager, or an agent, to—

  • prescribe the New Zealand Certificate in Real Estate (Level 5) as a further qualification that may be completed by a person applying to be licensed as a branch manager (see new regulation 12(1)(b)(iiia)):

  • prescribe the New Zealand Certificate in Real Estate (Level 6) as a qualification that may be completed by a person applying to be licensed as an agent in place of the New Zealand Diploma in Business (Real Estate) (Level 6) (see new regulation 12(1)(c)(iii)):

  • allow the Registrar of the Real Estate Agents Authority to accept a qualification listed in regulation 12(1) completed by an applicant outside a period specified in regulation 12(2) as a prescribed qualification if satisfied that the applicant can demonstrate sufficient knowledge of real estate agency work (see new regulation 12(3)).

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 2 December 2021.

These regulations are administered by the Ministry of Justice.