NSW Jurisdiction
New South Wales Licensing Requirements
Administered by NSW Fair Trading under the Property & Stock Agents Act 2002.
Estimated Fees
$190 - $760 depending on licence class and duration
Processing Timeline
4 to 6 weeks from lodgement of a complete application
Licensing Authority
NSW Fair Trading
Key Requirements
- Completed CPP41419 Certificate IV in Real Estate Practice (or recognised equivalent)
- Minimum 12 months experience as an assistant agent under a licenced agent
- Fit and proper person assessment
- No disqualifying criminal offences
- Professional indemnity insurance
Relevant Qualifications
CPP41419 Certificate IV in Real Estate Practice
CPP51122 Diploma of Property (Agency Management)
Frequently Asked Questions
What licence classes exist under NSW Fair Trading?
NSW Fair Trading issues Class 1 (unrestricted) and Class 2 (restricted) licences. A Class 1 licence allows you to operate a real estate business independently. A Class 2 licence permits you to work as an agent under the supervision of a Class 1 licence holder.
Can I transfer an interstate real estate licence to NSW?
Mutual recognition provisions apply under the Mutual Recognition Act 1992. If you hold an equivalent licence in another state or territory, you can apply for a NSW licence through the mutual recognition pathway. Additional units may be required to cover NSW-specific legislation.
How long does the NSW real estate licence last?
Licences are issued for 1 year or 3 years. Renewal must be lodged before the expiry date. Continuing professional development (CPD) is required annually to maintain eligibility for renewal.