Settlement Agent Licence - Western Australia

Service summary

You will require this licence if you intend to practice as a real estate settlement agent or business settlement agent. A real estate settlement agent manages the purchase and sale of property. Business settlement agents manage the purchase or sale of businesses and their stock, premises and licences.

There are three different categories of this licence:

  • Sole trader;
  • Firm / partnership; and
  • Corporation.

You may not require this licence if you or all agents in your organisation are certified legal practitioners or licensed real estate agents or business agents. Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence, you must:

  • Be over the age of 18 years;
  • Be a person of good character and repute and a fit and proper person to hold a licence;
  • Have sufficient material and financial resources;
  • Be a resident of Western Australia;
  • Understand the full duties and obligations of a settlement agent;
  • Hold the prescribed academic qualifications;
  • Not be an undischarged bankrupt;
  • Have sufficient practical experience in effecting settlements (not less than two years);
  • Submit the required forms; and
  • Pay the required fees.

Please consult the Contact Officer for more information regarding eligibility requirements.

Prerequisites

Duration

Certificate must be renewed every three years.

Fees

 TypeAmountDescription
ApplyApplication$766.55

Individual licence plus a mandatory contribution to the Fidelity Guarantee Account of $150.

Application$1,003.05

Partnership or body corporate licence plus a mandatory contribution to the Fidelity Guarantee Account of $150.

RenewRenewal$633.55

Plus a mandatory contribution to the Fidelity Guarantee Account of $150.

GeneralDuplicate Certificate$28.00
Miscellaneous$230.25

Holding fee.

Other resources

Approval time

Approximately 6 to 8 weeks.

Administering agency

Department of Commerce
Consumer Protection

Act(s) name

Settlement Agents Act 1981 (Western Australia)

Regulation(s) name

Settlement Agents Regulations 1982 (Western Australia)

Contact details

Enquiries, Licensing Branch
Department of Commerce
Consumer Protection


Operating address:
Mason Bird Building
Level 1
303 Sevenoaks Street
Cannington, Western Australia 6107
Mailing address:
Locked Bag 14
Cloisters Square PO
Western Australia 6850

Phone:

08 6251 2931

Phone:

1300 304 064
cplicensing@commerce.wa.gov.au

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.