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Corporate real estate agent

Note: If you are applying for a corporate real estate agent licence, you must also have an individual real estate agent licence.

This licence allows your company to:

buy, sell, let and exchange residential or business properties, as well as land or interest in properties
collect rent
sell, let and manage units in a building complex
negotiate to buy, sell, exchange or let residences, businesses, land or livestock
transact or negotiate property sale or rental
show property
appraise and inspect property for sale or rent
advertise, place signs and open a property for inspection for sale or rent
operate trust accounts.

Restrictions

At least one company director, and anyone else working for the real estate agency who carries out any activities listed above, also needs an individual real estate agents licence.

A fully licensed person must be in charge at every real estate office, i.e. they must hold a current individual real estate agent licence.

The principal place of business must be located in Queensland.

An individual can be in charge of only one place at any given time.

Each place of business must keep an employment register.

A corporation may have multiple places of business, if the addresses are registered with the unit and at least one licensed person is in charge at each individual place of business.

The licensee may trade under the corporation name or under a Queensland registered business name. If trading under a registered business name, the corporation must be registered as the proprietor of the business name with the business names registry.

If the corporation trades in a partnership with another corporation, the partnered corporation must also hold a real estate corporation licence.

Eligibility

To be eligible for a corporate real estate agent licence, your business must be:

a suitable company
located in Queensland.

A company is considered suitable if:

its business address is located in Queensland
it is not in receivership or liquidation
all of its executive officers (managers, directors, company secretaries) are considered suitable.

An executive officer of a company is considered suitable if they have not been:

bankrupt
convicted in the previous five years of a serious offence which is punishable by 3 or more years imprisonment, such as:
- fraud and dishonesty
- drug trafficking
- extortion
- arson
- unlawful stalking
- violence or the threat of using violence
- any offence of a sexual nature
disqualified from holding a licence or registration certificate
recorded in the register of disqualified company directors under the Corporations Act 2001.

Training requirements

There are no training requirements for a corporate licence, as you will have completed training as part of your individual licence.

Applying for a licence

To apply for a corporate real estate agent licence:

meet the eligibility criteria
complete PAMD Form 1-2 and notes - Application for corporate licence (PDF, 588 KB)
provide originals or certified copies of your birth certificate, birth extract, passport, Australian citizenship certificate or drivers licence (see below for advice on getting certified copies)
provide certified, passport-quality photos of yourself
pay the licence fee of $605 for one year or $1085 for three years
pay the criminal history check fee of $35.50 of each executive officer/director and business partner/associate
lodge the application (see the application form for lodgement details).

Criminal history checks

Applicants must undergo a criminal history check to confirm their suitability.

The criminal history check costs $35.50 (which includes $1.13 GST) for each person who appears on the application form. The fee applies to all applications and renewal notices.

Processing time

Processing time is 4-6 weeks. However, it can take longer if we need to contact you for missing information or fees.

The processing time may be up to six weeks because the criminal history check process, handled by Queensland Police, is thorough and time consuming.

Making the process quicker

Send certified documents

Take the original document and a copy to a Justice of the Peace, Commissioner for Declarations, solicitor, barrister or a Notary Public. They will stamp and/or sign the copy and write ‘This is a true copy of the original document’.

The Department of Justice and Attorney-General has a list of JPs in your area. Otherwise, contact your local post office, courthouse, bank, shopping centre manager or pharmacy.

We will send your original documents to you after we assess your application. Please note that a photocopy is not a certified document.

Pay all criminal history check fees

Remember to pay a separate fee for yourself and each person on the application form.

Refunds for unsuccessful applications

If your application is unsuccessful or it is withdrawn, you will receive a partial refund. Your application fee is non-refundable, but we will refund your licence fee and any unused criminal history check fees.