NZ Real Estate Agent (L6) case studies
NZ Real Estate Agent (L6) · Put your knowledge to work in context.
The New Zealand Real Estate Agent Licence (Level 6) is the higher of the two licence classes regulated by the Real Estate Authority (REA), the Crown entity that oversees real estate agency work under the Real Estate Agents Act 2008. An agent licence is for people who want to work without the close supervision that applies to a salesperson licence. The REA publishes separate pages on applying for a licence, required criteria and qualifications, education and continuing professional development (CPD), and the Code of Conduct and Client Care Rules 2012. The exam tested here spans six areas that mirror those obligations: the regulatory framework and agency work; professional conduct and the Code of Conduct; client care, agency agreements and disclosure; listing, marketing and advertising; the sale and purchase process including auctions, tenders and multi-offers; and trust accounts, supervision and business management. The NZ Real Estate Agent (L6) case studies are 5 cases and about 3,175 words.
1The kitchen-table sole agency: appraisal, copy and cancellation
Margaret, a 72-year-old retired teacher, lists her 1970s three-bedroom home with Daniel of Summit Realty. At the kitchen-table appointment Daniel tells her she will 'easily get 850,000' but gives no written appraisal or comparable sales.
737 words, about 4 min2'Legal sleepout' and the separated vendor: advertising and confidentiality
Lisa at Harbour Homes lists Peter's three-bedroom home with a converted garage advertised as a 'legal sleepout'. Peter mentioned at the listing appointment that he and his wife had separated and that he needed a quick sale, but asked Lisa to keep that private.
601 words, about 3 min3The pre-auction offer that moved the auction
Raj at City Realty has a property auction set for Saturday at 11am with a reserve of 1.25 million. Three buyers are registered.
642 words, about 3 min4Three offers, a cousin and an in-house buyer
Emma at Green Door Realty is running a deadline sale closing Thursday at 5pm. By 4.30pm she has three offers.
620 words, about 3 min5The Friday deposit and the cash thank-you
Aroha is a newly licensed salesperson at a two-office agency. On Friday at 5.30pm a buyer gives her a 30,000 deposit cheque for a signed sale and purchase agreement.
575 words, about 3 min