Individual agent or business agent licence - real estate
To apply for an individual real estate agent or business agent licence, applicants must:
- be at least 18 years old;
- be a person of good character and repute and a fit and proper person to hold a licence (see below);
- have access to sufficient assets and financial resources enabling them to comply with all the requirements of the Real Estate and Business Agents Act 1978; and
- understand fully the duties and obligations imposed upon agents by the Real Estate and Business Agents Act 1978.
Character and Repute
In order to satisfy Consumer Protection that he or she is a person of good character and repute, the applicant must provide an original or certified copy of an Australian police check issued no more than three months prior to the date of lodging the application. Applicants must also provide two written references to attest to their good character, reputation and fitness to hold a licence.
The application form requests applicants to disclose previous convictions, pending proceedings and previous disqualifications among other things. The Commissioner may request an applicant attend an interview with Consumer Protection to determine whether he or she satisfies the requirements of the Real Estate and Business Agents Act 1978.
A person who gives false or misleadinginformation in relateion to an application for a real estate agent or business agent licence commits an offence and is liable for a penalty of up to $20,00.
To apply for a real estate and business agent licence you must have one of the following prescribed qualifications from a registered training organisation:
- Diploma of Property (Real Estate)* together with the examinations conducted by a registered training provider in the following three units:
(i) 15826 - Rural Sales; and
(ii) 15825 - Selling Businesses; and
(iii) 15892 - Real Estate Law
- Diploma of Property Services (Agency Management) CPP50307;
or one of the following prescribed qualifications from Curtin University of Technology:
- Bachelor of Commerce (Property and Marketing)
- Bachelor of Commerce (Property)
- Bachelor of Commerce (Property and Finance)
- Bachelor of Commerce (Property Development and Valuation)
- Bachelor of Commerce (Property Valuation)
- Master of Property
- Graduate Diploma in Property
* Please note: the Diploma of Property (Real Estate) was superseded by the Diploma of Property Services (Agency Management) CPP50307 on 1 July 2009. Applicants who are completing or have already completed the Diploma of Property (Real Estate) will still have their qualification recognised by Consumer Protection.
Further information about the qualifications needed by applicants for the grant of a real estate and business agents licence can be found by viewing the Real Estate and Business Agents (General) Regulations 1979.
To satisfy the Commissioner that an applicant has sufficient practical experience in negotiating real estate transactions to enable them to carry on the business of an agent satisfactorily they must provide details of their real estate activities and transactions. This information could include:
- A list detailing
- any business transactions, such as the sale of businesses;
- sales transaction details such as the date, address of property, value/price, and whether it was a conjunctional sale;
- property management transaction details such as a description of properties managed (e.g. house, flat or shop); and/or
- leasing transaction details such as a description of properties leased (e.g. retail, commercial or residential); and
- A current resume which details their prior employment history for two years preceding the application.
Access to sufficient funds
Applicants will also need to provide a confidential statement of their assets and liabilities. In addition, an independent registered auditor must be appointed to audit the agent’s trust account(s).
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