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Real Estate Agents Act 2008

Licensing - Effect of licences and status of licensees

48: Agent’s licence

You could also call this:

"What it means to have a real estate agent's licence"

Illustration for Real Estate Agents Act 2008

If you have an agent's licence, you can do real estate work on your own or with others. You can sell land by auction with this licence, and you do not need to register as an auctioneer under the Auctioneers Act 2013. You must follow the auction rules in sections 36Y to 36ZE of the Fair Trading Act 1986 when you conduct a land auction.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152022.

Topics:
Business > Industry rulesHousing and property > Buying and selling homesHousing and property > Land useMoney and consumer rights > Consumer protection
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"A licence can only be used by the person it was given to."

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"What you can do with a branch manager's or salesperson's licence in real estate"

Part 3Licensing
Effect of licences and status of licensees

48Agent’s licence

  1. An agent's licence authorises the licensee to carry out real estate agency work on his or her own account, whether in partnership or otherwise.

  2. An agent's licence authorises the licensee to sell or offer to sell land by auction, and operates as an exemption from the requirement in the Auctioneers Act 2013 to be registered as an auctioneer.

  3. However, every licensee who conducts an auction of land must comply with the rules about the conduct of auctions set out in sections 36Y to 36ZE (but not the rule in section 36ZF) of the Fair Trading Act 1986.

Notes
  • Section 48(2): replaced, on , by section 28(3) of the Auctioneers Act 2013 (2013 No 148).
  • Section 48(3): inserted, on , by section 28(3) of the Auctioneers Act 2013 (2013 No 148).