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Real Estate Agents Act 2008

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

168: Continuing effect of permits issued under Real Estate Agents Act 1976

You could also call this:

"Old permits are still valid for 2 years after the new law starts"

Illustration for Real Estate Agents Act 2008

You have a permit from the Real Estate Agents Act 1976. This permit stays valid even after the new Real Estate Agents Act 2008 starts. You can still use it as you did before. The Authority now has the power to make decisions about your permit. This power comes from the old Real Estate Agents Act 1976, specifically from section 34(5). Your permit will expire 2 years after the new Act starts, unless it expires or is revoked sooner.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1152182.

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

"People approved under the old real estate law can still work as salespeople or managers"

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169: Applications pending at commencement of this section to be dealt with under Real Estate Agents Act 1976, or

"Old law still applies to licence applications made before the new law started"

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

168Continuing effect of permits issued under Real Estate Agents Act 1976

  1. Every permit issued under section 34 of the Real Estate Agents Act 1976 that is in effect immediately before the commencement of this section continues in effect according to its tenor despite any provision of this Act (other than this section).

  2. The Authority has, and may exercise, the power conferred on the Real Estate Licensing Board by section 34(5) of the Real Estate Agents Act 1976.

  3. Every permit referred to in subsection (1), unless sooner expired or revoked, expires on the date that is 2 years after the commencement of this section.