NZ Real Estate Agent (L6) study plan
NZ Real Estate Agent (L6) · Give each week a clear focus.
8 weeks · About 7 hours per week
Real estate agency work and the regulatory framework
Map the REAA 2008 structure: licensing classes, who may carry out agency work, and the roles of the REA, the Authority's complaints process and the Disciplinary Tribunal
Explain the difference between the Code of Conduct, the Regulations and the Act, and state which body enforces each
Define key statutory terms in your own words: agency work, transaction, client, customer, licensee, branch manager
Draft a one-page diagram linking licensee duties to the statutory provision that creates each duty
Your checkpoint
A one-page annotated diagram of the regulatory framework plus a 20-term glossary written in your own words
Real estate agency work and the regulatory framework & Trust accounts, supervision and business management
Trace how a complaint moves from the Authority through to the Disciplinary Tribunal, and list the penalties available at each stage
Summarise the trust account rules: what must be banked, when, how receipts and reconciliations are handled, and who audits
Identify the record-keeping and supervision obligations that sit on the agent and branch manager
Write five short scenarios and decide which rule each one breaches
Your checkpoint
A two-column table of complaint pathway stages against available penalties, plus five worked breach scenarios with your answers
Professional conduct, ethics and the Code of Conduct
Break the Code of Conduct into its rule groups and paraphrase each rule in plain language
Apply the rules on conflicts of interest, confidentiality, gifts and referrals to three realistic fact patterns
Distinguish conduct that is merely poor practice from conduct that is misconduct under the Act
Practise writing a short ethical reasoning note that cites the relevant rule and reaches a conclusion
Your checkpoint
A Code of Conduct summary sheet with all rule groups plus three 200-word ethical reasoning notes
Professional conduct, ethics and the Code of Conduct & Client care, agency agreements and disclosure
Explain fiduciary duty and the duty of care to a client in language a first-home buyer would understand
Analyse when a licensee must stop acting for one party and what must be disclosed before that point
Compare the disclosure obligations that arise for a customer versus a client
Draft a script for handling a request you must decline on ethical grounds
Your checkpoint
A role-play script and a one-page client-facing explanation of duties owed, reviewed against the Code
Client care, agency agreements and disclosure
Compare the main agency agreement types and state the term, commission and cancellation rules that apply to each
Explain the mandatory disclosures and the timing requirements before an agreement is signed
Work through the rules on sole agency, general agency and exclusive agency, including what happens on cancellation
Identify the documentation a licensee must retain and for how long
Your checkpoint
A completed model agency agreement checklist with every mandatory disclosure, its timing and the evidence you would keep
Listing, marketing and advertising & Sale and purchase process, auctions, tenders and multi-offers
Apply the advertising rules to draft listings, spotting statements that are misleading or unsubstantiated
Explain the disclosure duties that apply to known defects and to the vendor's obligations during marketing
Sequence a standard sale and purchase process from pre-contract disclosure through to settlement
Describe how an auction, a tender and a multi-offer situation differ in process, and what must be disclosed to bidders and buyers in each
Draft the key rules you would explain to a vendor before an auction
Your checkpoint
Three corrected draft advertisements with a written rationale for each change, plus a one-page auction and multi-offer rules brief
Sale and purchase process, auctions, tenders and multi-offers & Trust accounts, supervision and business management
Work through conditional sale scenarios, including finance, LIM and builder's report conditions, and identify the risk points
Explain the deposit rules, including where money is held and what happens if a deal falls over
Apply the trust account and supervision rules to a branch with multiple licensees
Write a short business-management plan covering supervision, complaints handling and record retention
Your checkpoint
A conditional sale case study with a risk log, plus a one-page branch supervision and trust account control plan
Real estate agency work and the regulatory framework & Professional conduct, ethics and the Code of Conduct & Client care, agency agreements and disclosure & Listing, marketing and advertising & Sale and purchase process, auctions, tenders and multi-offers & Trust accounts, supervision and business management
Sit two full timed practice papers under exam conditions and record your score per domain
Re-study only the two domains with the lowest scores, using your own notes rather than new material
Recite the Code of Conduct rule groups and the trust account rules from memory
Build a one-page exam-day reference sheet of the facts you keep forgetting
Your checkpoint
Two completed timed practice papers with a scored domain breakdown and a one-page final revision sheet
Milestones
Week 2: You can explain the complaint pathway and the trust account rules without notes, and score at least 70% on a self-written 15-question quiz covering domains 1 and 6
Week 4: You can state the main Code of Conduct rule groups from memory and correctly resolve three ethical scenarios using cited rules
Week 6: You can list every mandatory agency agreement disclosure with its timing, and correctly identify misleading advertising in three unseen examples
Week 8: You score at least 80% overall on both timed practice papers, with no domain below 65%