Corporation Licence (For Corporations Acting as, or Carrying on Business as a Real Estate Agent, Business Agent, Stock and Station Agent, Strata Managing Agent or On-site Residential Property Manager) - New South Wales

Description

You will require this licence if you want to operate a corporation that carries on the business of either a real estate agent, business agent, stock and station agent, strata / community managing agent or on-site residential property manager.

  • A real estate agent undertakes activities such as the auctioning, selling or leasing of land or property, collecting rent from leased properties and managing leased properties.
  • A business agent undertakes activities such as selling, buying or exchanging or otherwise dealing with or disposing of businesses or professional practices or any share or interest in or concerning or the goodwill of or any stocks.
  • An on-site property manager undertakes activities such as collecting bonds, rent for leased or rented properties.
  • A stock and station manager undertakes activities such as the auctioning of rural land or stock.
  • A strata managing agent undertakes activities in relation to an owners corporation of a strata scheme.
  • A community managing agent undertake activities in relation to a community land scheme, such as maintenance and repairs.

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:

  • The director and secretary of the corporation must be considered fit and proper person for the purposes of the licence;
  • No director or executive officer may be a disqualified person (as defined under the Act);
  • At least one of the directors must hold a personal licence for the industry sector in which the corporation intends to operate in;
  • Relevant contributions must be paid to the Property Services Compensation Fund; and the
  • The place of business must be in New South Wales or within 50km of the New South Wales border if you hold an equivalent interstate licence at that interstate address.

Please consult directly with the Agency for details specific to the operation of your business.

Duration

One year.

Expiry

Expires one year from the date of issue.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application Company $520.00 -
General Duplicate Certificate Company $46.00 -
Renew Renewal Company $376.00 Renewal of licence.
Renew Renewal Company $449.00 Restoration of licence.

Act(s) name

Property, Stock and Business Agents Act 2002 NSW

Regulation(s) name

Property, Stock and Business Agents Regulation 2014 NSW

Application process

Apply

Your completed application must be accompanied by the specified fees. Please view the application form for details.

Lodgement process

Apply

Please refer to the application form for lodgement details.

Approval time

Six weeks.

Administering agency

Department of Finance, Services and Innovation

NSW Fair Trading

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Licensing Officer, Property Licensing

NSW Fair Trading

Department of Finance, Services and Innovation

Mailing address: Locked Bag 5104
Parramatta
New South Wales 2124
Phone: 13 32 20
Phone: 02 9619 8799
Website: NSW Fair Trading (Opens in new window)