The activities of property agents are regulated under the Property and Stock Agents Act 2002. All real estate agents (which includes the functions of sales and leasing, business broking, and on-site residential property management), stock and station agents and strata managing agents must hold an appropriate licence.
Auctions for land or livestock must be carried out by a licensed real estate agent or a stock and station agent who is accredited as an auctioneer.
Assistant agents who work for agents must hold the relevant certificate of registration.
You should always do a check before dealing with an agent. NSW Fair Trading keeps a record of this information including:
- name and business address of the holder
- the category of the licence or certificate
- licence conditions restricting the holder to a category of work
- the licence or certificate number
- date of issue and expiry
- disciplinary action taken against the licence or certificate holder.
Disclaimer
This facility only contains information about action which has been taken from 1 September 2003 onwards as this is the day on which the Property and Stock Agents Act 2002, the Act under which property agents are regulated, commenced. Fair Trading’s privacy policy contains important information. It is very important that you read it. You will be taken to have accepted that policy (even if you do not follow that link) if you access any page on the NSW Fair Trading website.