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Corporation Licence - New South Wales

Description

You will need this licence if you intend to operate a corporation that carries on the business of a real estate, stock and station, or strata managing agency:

  • a real estate agency undertakes activities such as the auctioning, selling or leasing of land or property, collecting rent from leased properties and managing leased properties
  • a stock and station agency undertakes activities such as the auctioning of rural land or stock
  • a strata managing agency undertakes activities in relation to the owners' corporation of a strata scheme.

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 director of the corporation must hold a current licence and nominate a class 1 licence holder in the relevant category held by the licence director, to be the licensee in charge
  • 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.

Duration

1, 3 or 5 years

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fee information is in the attached fee resource.

Other resources

Task Business Structure Resources
Comply 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 2022 New South Wales

Approval time

Up to 30 business days

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.