The Estate Agents Act 1980 regulates who can work in real estate in Victoria. If you buy, sell, lease or manage real estate or a business on behalf of a vendor, landlord, purchaser or tenant you must hold an estate agent's licence or be employed by a licensed estate agent as an agent's representative . A licence authorises an estate agent to operate anywhere in Victoria and may be issued to an individual or to a corporation.
Licences are ongoing until it they are surrendered, suspended or cancelled.
To operate a real estate agency as a corporation, the corporation must hold an estate agent's licence in its own right. Not all estate agents choose to be involved in the management of a real estate agency. Some prefer to work as employee estate agents in sales or rentals. If you intend to operate a business through a company, you need to be aware of both the Director's and Company Secretary's responsibilities under the Australian Corporations Legislation . Select a scenario to quickly go to an area that might be of interest.