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Real Estate Agents Act 2008

Real Estate Agents Authority - Membership of Authority

13: Membership of Authority

You could also call this:

"Who is on the Real Estate Authority Board"

Illustration for Real Estate Agents Act 2008

The Authority has up to 7 members. You can think of these members as a board. The board is subject to the Crown Entities Act 2004. The Minister chooses one member to be in charge, and this person must be a lawyer with at least 7 years of experience. The Minister also chooses at least 2 members who have or used to have a real estate licence. The Minister talks to REINZ when choosing these licence holders for the first time. When choosing members, the Minister thinks about who can represent different groups, like consumers and the industry. This is in addition to following the rules set out in section 29 of the Crown Entities Act 2004.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1151985.

Topics:
Government and voting > Government departmentsMoney and consumer rights > Consumer protectionBusiness > Industry rules
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Part 2Real Estate Agents Authority
Membership of Authority

13Membership of Authority

  1. The Authority consists of no more than 7 members.

  2. Members of the Authority are the board for the purposes of the Crown Entities Act 2004.

  3. The Minister must appoint 1 member to be the chairperson of the board and that member must be a lawyer of not less than 7 years' legal experience.

  4. The Minister must appoint at least 2 members who are licensees or former licensees.

  5. The Minister must consult with REINZ when making the first appointment of licensees or former licensees under subsection (4).

  6. In addition to the criteria for appointments set out in section 29 of the Crown Entities Act 2004, the Minister must, when making any appointment, consider the need for the Authority to represent the views of a broad range of interests, including consumer and industry interests.