The Real Estate Agents Disciplinary Tribunal hears and decides cases against real estate agents where the Complaints Assessment Committee has laid charges of misconduct.
It also hears appeals that have been made against Complaints Assessment Committee decisions or the Authority’s decision not to give an individual or a company a real estate licence.
The Tribunal is separate to the Real Estate Agents Authority and is part of the Ministry of Justice.
The Tribunal is appointed by the Ministry of Justice
The Chairperson must be a barrister or solicitor with at least seven years’ experience and there will be up to four other members including at least one former or current licensed real estate agent.
Powers of the Tribunal
The Tribunal considers serious complaints referred to it by a REAA Complaints Assessment Committee.
It can make any of the same orders as a Complaints Assessment Committee and can find that either misconduct, unsatisfactory conduct or no further action has taken place.
The Tribunal can also impose more serious penalties
- Ordering that a person’s licence be cancelled or suspended
- Ordering that their employment be terminated and that no agent employ or engage them in real estate agency work
- Imposing a fine of up to $15,000 for an individual or up to $30,000 for a company
- Ordering they pay the complainant up to $100,000 compensation for actual loss.
See the Tribunal website for more information