VIC Jurisdiction
Victoria Licensing Requirements
Administered by Consumer Affairs Victoria under the Estate Agents Act 1980.
Estimated Fees
$470 - $930 depending on licence type and duration
Processing Timeline
3 to 5 weeks for a complete application
Licensing Authority
Consumer Affairs Victoria
Key Requirements
- Completed prescribed qualification (Agent's Representative Certificate or full licence qualification)
- Working under a licenced estate agent (for representatives)
- Fit and proper person assessment
- No disqualifying offences or insolvency history
- Trust account audit compliance (for principal agents)
Relevant Qualifications
CPP41419 Certificate IV in Real Estate Practice
CPP51122 Diploma of Property (Agency Management)
Frequently Asked Questions
What is the difference between an agent's representative and a licenced agent in Victoria?
An agent's representative works under the authority of a licenced estate agent and cannot operate independently. A full estate agent licence permits you to run your own agency. The qualification requirements differ accordingly.
Is CPD mandatory for Victorian real estate agents?
Yes. Consumer Affairs Victoria requires continuing professional development to maintain licence eligibility. CPD requirements are reviewed periodically and currently include ethics, legislation updates and practice management topics.
What trust account obligations apply to Victorian estate agents?
Principal agents must maintain a trust account with an authorised deposit-taking institution. Annual trust account audits are mandatory. Non-compliance is a serious offence under the Estate Agents Act 1980.