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Real Estate Agents Act 2008

Miscellaneous provisions - Provisions relating to repeal of Real Estate Agents Act 1976 - Transitional provisions

166: Agents licensed under Real Estate Agents Act 1976

You could also call this:

"Old real estate agent licences are still valid under this law"

Illustration for Real Estate Agents Act 2008

You are deemed to hold a licence as an agent under this Act if you held a current agent's licence under the Real Estate Agents Act 1976 before this section started. This licence continues until it expires and you can renew it under this Act. You can also hold a licence if you were entitled to renew your licence under the Real Estate Agents Act 1976 and your application was pending. You are deemed to hold a licence until the Authority is notified by the Real Estate Agents Licensing Board and takes action. This section does not affect the rules that allow a licence to be cancelled or a licensee to be suspended. The licence you hold under this section is subject to the rules of this Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152180.

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167: Salespersons and branch managers approved under Real Estate Agents Act 1976, or

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Part 6Miscellaneous provisions
Provisions relating to repeal of Real Estate Agents Act 1976: Transitional provisions

166Agents licensed under Real Estate Agents Act 1976

  1. Every person is deemed to hold a licence as an agent under this Act who, immediately before the commencement of this section, holds a current agent’s licence under the Real Estate Agents Act 1976.

  2. The licence that the person is deemed to hold under subsection (1) continues in force, until the expiration of the year in respect of which the licence was issued under the Real Estate Agents Act 1976 and may be renewed under this Act.

  3. Every person is deemed to hold a licence as an agent under this Act if, immediately before the commencement of this section, the person is entitled to apply for a renewal of his or her or its agent’s licence under the Real Estate Agents Act 1976 and, on the commencement of this Act, the person’s application for that renewal is pending before the Real Estate Agents Licensing Board.

  4. The licence that the person is deemed to hold under subsection (3) continues in force until the Authority has been notified by the Real Estate Agents Licensing Board under section 169(2) of the Board’s determination and has taken any appropriate action on that advice.

  5. This section does not limit the provisions of this Act that authorise the cancellation of a licence or the suspension of a licensee.