Eligibility for property agent licence
45 Eligibility for property agent licence
An individual is eligible to obtain a property agent licence only if the individual—
is at least 18 years; and
has the educational or other qualifications approved by the chief executive for a property agent licence.
The chief executive must publish the approved qualifications on the department’s website.
An individual is to be taken to satisfy the requirement mentioned in subsection (1)(b) if the chief executive is satisfied the individual—
has a comparable qualification to the qualification mentioned in subsection (1)(b); or
within 2 years before the day the individual’s application for a property agent licence is received by the chief executive—
either—
if the licence applied for is an auctioneer licence—has been licensed as an auctioneer; or
if the licence applied for is a real estate agent licence—has been licensed as a real estate agent; or
has been the holder of a comparable licence under PAMDA.
A corporation is eligible to obtain an auctioneer licence only if a person in charge of the corporation’s auctioneer business is an auctioneer.
A corporation is eligible to obtain a real estate agent licence only if a person in charge of the corporation’s real estate agency business is a real estate agent.
This Act’s bill:Explanatory memorandumSecond reading speech
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