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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

All directors performing real estate activity for the corporate real estate agency must hold a real estate agent licence. There must be at least one licensed director for each licence class held by the corporation.

A fully licensed person must be in charge at every real estate office, that is, 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 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

A corporation is suitable to hold a corporate real estate agent licence if a director of the corporation is a licensed real estate agent.

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
we decide that the company is suitable.

An executive officer of a company is considered suitable if they:

are not bankrupt
have not been convicted anywhere in the previous five years of a serious offence, including any of the following criminal activities punishable by three or more years of jail:
- fraud and dishonesty
- drug trafficking
- extortion
- arson
- unlawful stalking
- violence or the threat of using violence
- any offence of a sexual nature
are not disqualified from holding a licence or registration certificate
have not had a cancelled or suspended property agent licence or registration certificate
have not caused a pay out from the property agents and motor dealers claim fund
are not disqualified from being a licensee or executive officer of a corporation
are not listed on the national register of disqualified company directors
have not had an order made against them by the Property Agents and Motor Dealers Tribunal, Commercial and Consumer Tribunal or the Queensland Civil and Administrative Tribunal.

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)
pay the licence fee of $660.00 for one year or $1190.00 for three years
pay the criminal history check fee of $38.40 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 $38.40 (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 the Queensland Police Service, is thorough and time consuming.

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 who may be able to advise on the location of local JPs.

Please note that a photocopy is not a certified document.

Refunds

Depending on your circumstances, you may be entitled to a partial refund if you withdraw your application or it is refused. We will also refund any unused criminal history check fees or fingerprinting fees.