Corporation Licence - 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.

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
  • 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.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Grant of licence:

  • 1 year - $1094.00
  • 3 year - $1792.00
  • 5 year - $2529.00.
Fees may be reduced if lodged online. Fees for 2022-23
Apply Application All

Restoration of licence:

  • 1 year - $865.00
  • 3 year - $1563.00
  • 5 year - $2300.00.
Fees may be reduced if lodged online. Fees for 2022-23
Renew Renewal All

Renewal of licence:

  • 1 year - $636.00
  • 3 year - $1334.00
  • 5 year - $2071.00.
Fees may be reduced if lodged online. Fees for 2022-23

Forms

Other resources

Task Business Structure Resources
Apply All Property Stock and Agent Fees (Opens in new window)

Act(s) name

Property and Stock Agents Act 2002 New South Wales

Regulation(s) name

Property and Stock Agents Regulation 2014 New South Wales

Lodgement process

Apply

Please refer to the application form for lodgement details.

Application process

Apply

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

Approval time

Six weeks

Administering agency

Department of Customer Service

NSW Fair Trading

Contact details

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

Please use these contact details for help or more information:

Property Licensing

NSW Fair Trading

Department of Customer Service

New South Wales
Phone: 13 32 20
Phone: 02 9619 8799
Email: PropertyLicensing@customerservice.nsw.gov.au
Website: NSW Fair Trading (Opens in new window)