Settlement Agent Licence - Western Australia

Description

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.

Duration

Certificate must be renewed every three years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $779.95

Individual licence

Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $1020.60

Firm or body corporate licence

Apply Licence Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $234.30

Holding fee.

Renew Renewal Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $644.65 -

Approval Time

Approximately 6 to 8 weeks.

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.

Enquiries, Licensing Branch

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: 1300 304 064
Phone: 08 6251 2931
Email: cplicensing@dmirs.wa.gov.au
Website: Consumer Protection (Opens in new window)