NZ Certificate in Real Estate (Salesperson, Level 4) study guide
NZ Certificate in Real Estate (Salesperson, Level 4) · Work through your exam, one topic at a time.
The New Zealand Certificate in Real Estate (Salesperson) (Level 4) is the entry-level qualification for people who want to do real estate agency work in New Zealand. The Real Estate Authority (REA) states plainly that you must be licensed to do real estate agency work in New Zealand, and the Level 4 salesperson qualification sits on that licensing pathway: you complete the qualification, apply to REA for a salesperson's licence, and then work under the supervision of a licensed agent. The NZ Certificate in Real Estate (Salesperson, Level 4) study guide has 5 sections and about 1,498 words.
01Real Estate Agents Act 2008 and the Regulatory Framework
The exam checks whether you can place a transaction inside the Real Estate Agents Act 2008 (REAA 2008): who may do real estate agency work, how licensing works, and what the regulator can do. The REAA 2008 established the Real Estate Agents Authority (REAA) as the independent regulator.
352 words, about 2 min02Code of Conduct and Client Care Rules 2012
The Professional Conduct and Client Care Rules 2012 set minimum standards for licensees. The exam tests rule application to clients and customers, conflicts of interest, agency agreements and advertising.
291 words, about 1 min03Listing a Property: Appraisals, Agency Agreements, Marketing and Disclosure
Listing work: appraisal, agency agreement, marketing consent and disclosure. The exam tests whether you can get authority and present the property lawfully.
286 words, about 1 min04The Sales Process: Auctions, Tender, Multi-Offers and Sale and Purchase Agreements
Auctions, tender, multi-offer situations and sale and purchase agreements. The exam tests process, authority and fair treatment of buyers.
274 words, about 1 min05Trust Accounts and Supervision
Trust accounting and supervision: how client money is handled and who supervises salespersons. The exam tests practical compliance, not just definitions.
295 words, about 1 min