Queensland Real Estate Agents Licence
(QLD REAL )
Real Estate Agent
Under the Property Occupations Act 2014 all people undertaking the functions of a real estate agent in Queensland must hold a current real estate agents licence.
You do not need to be currently employed in the industry in order to undertake the course.
The real estate agent licence allows you to:
for reward -
(a) to buy, sell (other than by auction), exchange or let real property or interests in real property;
(b) to buy, sell (other than by auction), exchange, or let businesses or interests in businesses;
(c) to negotiate for the buying, selling, exchanging, or letting real property or interests in real property or businesses or interests in businesses;
(d) to collect rents
A real estate agent may perform the activities above in the carrying on of a business, either alone or with others, or as an employee of someone else.
- auction property.
Applying for a licence
To apply for a real estate agent licence:
- meet the eligibility criteria
- complete the training requirements and attach proof of qualifications
- complete new licence application
- provide originals or certified copies of relevant documents
- pay the licence fee of $1377.30 for one year or $2582.30 for three years (as of July 2017)
- pay the criminal history check fee of $38.60 lodge the application (see the application form for lodgement details).
- Please note: Licence processing takes approximately four to six weeks.
- Further information on successful application can be found at the Queensland Government website.
Course content and outcome
Successful completion of this course will provide you with the prescribed training requirements needed for application of a real estate agents licence with the Queensland Government.
The following 19 competencies must be completed:
- BSBSMB406 Manage small business finances
- CPPDSM4003A Appraise property
- CPPDSM4005A Establish and build client - agency relationships
- CPPDSM4006A Establish and manage agency trust accounts
- CPPDSM4007A Identify legal and ethical requirements of property management to complete agency work
- CPPDSM4008A Identify legal and ethical requirements of property sales to complete agency work
- CPPDSM4009 Interpret legislation to complete work in the property industry
- CPPDSM4010A Lease property
- CPPDSM4011A List property for lease
- CPPDSM4012A List property for sale
- CPPDSM4013A Market property for lease
- CPPDSM4014A Market property for sale
- CPPDSM4015B Minimise agency and consumer risk
- CPPDSM4016A Monitor and manage lease or tenancy agreement
- CPPDSM4018A Prepare and present property reports
- CPPDSM4019A Prepare for auction and complete sale
- CPPDSM4022A Sell and finalise the sale of property by private treaty
- CPPDSM4046A Manage tenancy disputes
- CPPDSM4080A Work in the real estate industry.
The above units specify the following outcomes:-
- appraise the sale price range or rental value of all forms of property for listing purposes in line with client instructions, agency practice and legislative requirements.
- establish, maintain and expand client–agency relationships to support the attainment of key agency business goals.
- establish and manage trust accounts in an agency context.
- meet the core legal and ethical requirements associated with property management and sales.
- source and interpret legislation affecting real estate operations
- administer the leasing of all types of property.
- list all types of property and businesses for lease and sale.
- market all types of property and businesses for lease and sale.
- minimise risk to all aspects of agency business and to consumers.
- manage properties during the term of leases or tenancy agreements.
- recognise and analyse property styles and faults in order to assist clients to understand the condition of property prior to listing, leasing or refurbishment.
- prepare for an auction and complete the sale of property.
- sell and finalise the sale of all types of property by private treaty.
- use communication techniques to manage and resolve tenancy disputes.
- enable a new entrant to the industry to gain a basic understanding of the industry and work ethically and effectively in a real estate agency.
The maximum nominal hours to complete the 19 competencies are 575. Students undertaking the course may take approximately 15 to 20 weeks to finish, however, there is no time restriction, students may choose to complete studies sooner or to take longer.
A statement of attainment will be issued to students upon completion of the course.
The NSW Real Estate Training College is a leading provider of training in both the NSW and QLD real estate industry offering flexible online learning where students study in their own time, at their own pace. All course material is accessible via our website ensuring students receive the latest most up to date information.
Training and assessment
There is a combination of assessment tasks that require written responses and include:-
- multiple choice questions
- short answer questions
- and either a combination of the following:-
- case study
- written demonstration
- workplace project
Assessment is competency based. Competency-based assessment is largely activity-based and practical. However, competence also implies that an individual demonstrates an understanding of the knowledge that is the basis of the practical task being carried out.
Students are assessed according to whether or not they have achieved the performance criteria for each element specified in the units of competency they are undertaking. This method of assessment judges performance against a prescribed standard, not against other students. Students are assessed as 'competent' or 'not yet competent'.
It is the responsibility of the assessor to ensure all aspects of the assessment process are
Assessment is conducted within approximately 48 hours of submission.
Completed assignment may be uploaded onto the website for marking (there is a 8MB upload limit) or emailed or posted to the College.
Legislative and Licensing Requirements
To be eligible for a real estate agent licence, you must:
- be 18 years or over
- be a suitable person
- have at least one place of business in Queensland
- have completed the required training units through a registered training organisation.
An individual is considered suitable if they have not been:
- 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
- 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
If you are not an Australian citizen, you need to provide an international passport to complete the check on your working visa. Your visa must state that you can work in Australia. You must also provide written advice from the Department of Immigration and Citizenship to explain any conditions on your visa.
If you wish to work as an independent contractor or a sub-contractor to an independent contractor, you will most likely need to obtain a full real estate licence (seek independent legal advice).
Recognition of prior learning
You may be eligible for recognition of prior learning (RPL). RPL is the formal recognition that your current knowledge and skills meet the requirements of a given unit of competency. It does not matter how you achieved your current level of knowledge and competence – formal training, on-the-job training, self study, work experience, life experience. What does matter is that you are able to provide evidence that your knowledge and competence meet the requirements of a particular unit of competency (competency standard). When you have provided this evidence and it has been accepted as proving your knowledge and skill in a particular area, you will be given credit for a specific competency without having to engage in further study.
For further information, please review the RPL application form located in main menu.
Client support services
We provide mentoring service and assistance in the areas of language, literacy and numeracy.
Macdonald Education Pty Limited (trading as The NSW Real Estate training College) is committed to protecting the privacy of all of our students. When handling personal information we act in accordance with the provisions of the Privacy Act 1988 (Cth).
How to enrol
- Create a new account, or log on if you have a username and password
- click on the course name and Submit payment
- Complete an enrolment form (located in the main menu)
Need more information
For further information on the College, programmes offered and College policies please refer to the ‘Student Handbook’ located in main menu of our website.
Or call us on 02 9987 2322.
Course Cost: $1595.00
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