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Real Estate Agents Act 2008

Licensing - Effect of licences and status of licensees

49: Branch manager’s or salesperson’s licence

You could also call this:

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

Illustration for Real Estate Agents Act 2008

If you have a branch manager's licence or a salesperson's licence, you can do real estate work for an agent. You can sell land by auction on behalf of the agent, and you do not need to register as an auctioneer under the Auctioneers Act 2013. When you conduct an auction of land, you must follow the rules set out in sections 36Y to 36ZE of the Fair Trading Act 1986.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152023.

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Part 3Licensing
Effect of licences and status of licensees

49Branch manager’s or salesperson’s licence

  1. A branch manager's licence or a salesperson's licence authorises the licensee to carry out real estate agency work for or on behalf of an agent.

  2. The licence also authorises the licensee to sell or to offer to sell, on behalf of the agent, any 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 49(2): amended, on , by section 86(1) of the Statutes Amendment Act 2018 (2018 No 27).
  • Section 49(3): inserted, on , by section 86(2) of the Statutes Amendment Act 2018 (2018 No 27).