Settlement Agent Licence - Western Australia

Description

You will need this licence if you intend to operate 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.

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 fit and proper person of good character and repute
  • 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 (no less than two years).

Duration

Three years unless cancelled or surrendered.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application Sole Trader $1053.00

Licence / triennial certificate fee (individual) - includes contribution to the Fidelity Guarantee Account. Fees for 2021-22

Apply Application Company, Co-operative, Incorporated Association, Other, Partnership $1330.00

Licence / triennial certificate fee (Partnership or Body Corporate) - includes contribution to the Fidelity Guarantee Account. Fees for 2021-22

Apply Licence Company, Co-operative, Incorporated Association, Other, Partnership, Sole Trader $271.00

Holding fee. Fees for 2021-22

Renew Renewal Company, Co-operative, Incorporated Association, Other, Partnership, Sole Trader $897.00

Includes contribution to the Fidelity Guarantee Account. Fees for 2021-22

Forms

Task Business Structure Resources
Apply Company, Co-operative, Incorporated Association, Other, Partnership, Sole Trader Settlement Agent Licence Application Forms (Opens in new window)

Act(s) name

Settlement Agents Act 1981 Western Australia

Regulation(s) name

Settlement Agents Regulations 1982 Western Australia

Administering agency

Department of Mines, Industry Regulation and Safety

Consumer Protection

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:

Licensing Services

Consumer Protection

Department of Mines, Industry Regulation and Safety

Western Australia
Operating address: Mason Bird Building
Level 1
303 Sevenoaks Street
Cannington, Western Australia 6107
Mailing address: LOCKED BAG 100
East Perth, Western Australia 6892
Phone: 1300 304 064
Email: cplicensing@dmirs.wa.gov.au
Website: Consumer Protection (Opens in new window)