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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

A corporation is suitable to hold a corporate resident letting 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 licencee 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 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)
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
supply written proof from the body corporate for you to carry on the letting business at the complex, including the term of the agreement, CTS number and building name (this can be supplied at a later date to allow processing of your application to begin)
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.