Real Estate Authority (REA) Licensing: Who Qualifies and What You Get
Learn the requirements for maintaining your legal authority to trade property and the mandatory professional development needed to keep your license.
This scheme provides the legal authorization required for individuals to trade property within New Zealand.
Who it's for
This is designed for licensed real estate agents working in New Zealand.
What you get
Once licensed, you receive the legal authority to conduct property transactions. Your credentials are also added to a public register, which allows clients to verify your professional standing.
What it costs you
To maintain your status, you must pay an annual levy. You are also required to complete a specific number of mandatory continuing professional development (CPD) hours every year to keep your skills and knowledge current.
The catch to know
The most common mistake is failing to log your CPD hours before the renewal deadline. If your professional development hours are not recorded in time, you may face issues renewing your license.
How to apply
- Ensure you meet all professional standards required by the authority.
- Complete your mandatory continuing professional development hours.
- Log your training hours through the official system.
- Pay your annual levy via the official portal.