The Property, Stock and Business Agents Act 2002 requires anyone who wishes to carry on business as one of the following, to have a licence:
real estate agent
stock and station agent
strata/community managing agent or
on-site residential property manager.
Similarly, those commencing work in the industry are required to apply for a certificate of registration. Different certificate of registration categories apply to the different industry sectors. A certificate of registration may be granted to work as a:
real estate salesperson
stock and station salesperson
business salesperson or
The requirement to hold a licence generally includes anyone providing services relating to the selling of real estate or the booking of holiday accommodation.
See Real estate related businesses
All applicants for a personal licence must satisfy the Commissioner for Fair Trading that he/she is:
at least 18 years of age
a fit and proper person to hold a licence. Any person in partnership with a licensee in a property agency must also be a fit and proper person
has the qualifications required for the licence
is not a disqualified person
has paid the relevant contribution to the Property Services Compensation Fund.
All applicants for a corporation licence must satisfy the Commissioner for Fair Trading that:
the corporation is fit and proper to hold a licence
each director of the corporation is a fit and proper person to hold a licence
no director or executive officer is a disqualified person
at least one of the directors holds a personal licence for the industry sector in which the corporation proposes to operate
the corporation has paid the relevant contribution to the Property Services Compensation Fund.
All applicants for a certificate of registration must satisfy the Commissioner for Fair Trading that he/she:
is at least 16 years of age
is a fit and proper person to hold a certificate of registration
has the qualifications required for the class of certificate of registration concerned
is not a disqualified person.
See qualifications – agents