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Corporate resident letting agent

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

This licence allows your company to:

rent out and manage units in a residential complex (e.g. block of units) on behalf of the unit owners and bodies corporate
collect rent
operate a trust account
let units in different complexes.

Note: You need a separate licence for each building complex that is not joined by a common boundary but will not need to pay any extra for these licences.

Restrictions

On this licence:

at least one company director must have an individual letting licence
anyone else working for the corporation who rents out units in a residential building complex needs an individual residential letting or real estate licence
either a company director, business associate or licensed employee must live in each residential complex that the company plans to manage
the principal place of business must be located in the building complex where you do the residential letting
you must hire suitable replacements to manage the units when the principal licensees are absent due to holidays or illness. If you are away for more than 30 days, you must apply for a substitute licensee
you cannot sell any of the units independently without holding a real estate licence.

Corporate versus individual licence

The advantage of holding a corporate residential letting licence over an individual's licence is that the corporation directors do not need to live in any of the building complexes that they oversee.

They must still have individual residential letting licences but can hire a licensed employee to live in one of the units instead. The corporation must have a licensed director.

Eligibility

To be eligible for a corporate resident letting licence your business must be:

a suitable company
all executive officers of the corporation must be suitable
located in Queensland.

To be eligible, none of the executive officers (managers, directors, company secretaries) must have:

been affected by bankruptcy
been placed in receivership or liquidation
been convicted of a serious offence anywhere within the last five years, 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
been disqualified from holding a licence or registration certificate
had a cancelled or suspended property agent licence or registration certificate
caused a pay out from the property agents and motor dealers claim fund
been disqualified from being a licensee or an executive officer of a corporation
been listed on the national register of disqualified company directors
had an order made against them by the Property Agents and Motor Dealers 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 corporate real estate licence

To apply:

meet the eligibility criteria
complete PAMD Form 1-3 - Application for resident letting licence (corporations and individuals) (PDF, 643 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
attach body corporate approval (including the term of the agreement, CTS number and building name)
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.