Full Real Estate Agent's Licence


How to obtain a Real Estate Agent's Licence in Queensland?

The Real Estate Agent's Licence is the most comprehensive Licence there is, not to be mistaken for the Salesperson Certificate. The cost of the Full Real Estate Agent's Licence Course is $2100.00. A deposit of $1000.00 is payable upon enrolment and the balance course fees are payable on the final day of your course.

There are two levels of licencing in the Real Estate Industry. The first is the Salesperson and Property Manager's Certificate. This Certificate allows you to do anything the Principal or Licencee of a Real Estate office sees fit.

The second is a Full Real Estate Agent's Licence or Principal's Licence. This Licence allows you to own and operate your own business as well as open a Trust Account.

Other reasons for wanting to have a Real Estate Agent's Licence could be that you wish to work as an Independent Contractor; this means you are your own business under the umbrella of a Real Estate Company.

Some Resident Managers of managed apartment blocks opt for this Licence instead of the Resident Letting Agent's Licence, as it will allow them to make sales as well as conduct a letting business.

Full Agent's Licence

When you decide you want to take up a Real Estate Licence Course and become an Agent, there are two paths you can follow, each with its own Real Estate Licence. The first is the Salesperson and Property Manager's Certificate, while the second is the Full Real Estate Agent's Licence. There are many key differences between the two, and some significant steps you can take with the latter that you can't with the former. So what does the Full Real Estate Agent's Licence allow you to do?

Be your own business

One of the key elements of the Full Real Estate Agent's Licence is that it enables you to open, own and operate your own business. Under the Salesperson and Property Manager's Real Estate Licence Course, you will not be qualified to do this. Whether you wish to operate as an Independent Contractor or open up your own Real Estate Agency in Queensland, you will require the Full Real Estate Agent's Licence. And to qualify for this, the right Real Estate Licence Course must be undertaken. Here at Complete Property Training, we offer this incredibly comprehensive Real Estate Licence Course, right across Queensland.

Units of Competency

BSBSBM406 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

What else can you do?

When you undertake this Real Estate Licence Course and become a fully licensed Agent, you can do more than just own and operate a business. As with the other form of licensing, you can buy, sell, rent or exchange real estate and negotiate on behalf of people who own these assets. You can conduct inspections, show property to potential purchasers, carry out the marketing and advertising of a property, and even manage rent collection on behalf of the landlord. Furthermore, you can operate and manage an apartment complex, selling each unit independent from the other - all without conducting these affairs through another Agency. This Full Queensland Real Estate Licence course enables you to conduct the full spectrum of residential real estate affairs - something the Salesperson and Property Manager's Certificate does not.

Operate a trust account

One power that is specific to this Real Estate Licence is the ability to open and operate a trust account. This is a special account in which you handle the funds of a client, which are used in the purchase of property. You can only operate these as the Principal Licensee of a business, according to the Queensland Government. Only certain Financial Institutions are approved to open these accounts with you as well, so it's important to do your research before conducting these affairs.

Do I have to take the Real Estate Licence Course to apply?

You do. The Queensland Government states that anyone who wishes to apply for the Full Real Estate Licence must have completed the appropriate real estate course, and also be at least 18 years of age. Further criteria also apply. Any previous criminal behaviour is scrutinised, as well as previous suspensions or cancellations of similar licenses you may have held. If you have been part of an insolvent business, fail a character test or are found to be unable to work in Australia you may also put your Real Estate License at risk.

Why should I apply for this Real Estate Licence?

While the Salesperson and Property Manager's Real Estate Licence allows you to carry on most duties, the Full Agent's Licence allows you to perform the full spectrum of residential real estate buying, selling and letting tasks. If you want to run your own business, work as an Independent Contractor, open a trust account for a client, or manage a full apartment block while also selling off units, then this is the Real Estate Licence for you.

How long does the Real Estate Licence Course take?

Your learning begins upon enrolment when you will be sent all the Learning Resource material, which is a valuable tool to help you undertake your assessment, particularly if you are new to the real estate industry.  We recommend you familiarise yourself with these Resources prior to commencing your course.  The face to face classroom time for this course is six days.  Your Trainer will lead you in assessment items and you will also be required to undertake some assessment away from class.  Experienced students (those who have previously or are currently working in the real estate industry) will often complete the assessments in the allocated course time, however all students are able to complete their assessment outside of the allocated course time or a combination of the 2, as we have flexible delivery options.  This course covers 19 different units of competency, from Managing Tenancy Disputes through to the Establishment of Agency Trust Accounts. However, beyond this the process can take four to six weeks for the Real Estate Licence Application to be processed. Once you complete the course, you are presented with a Statement of Attainment from us. You then use this in your application to the Queensland Office of Fair Trading, while also paying fees. These vary from year to year, and should be looked at before completing the application. Undertaking the Full Real Estate Agent's Licence course with Complete Property Training allows you to do so much more than the Salesperson and Property Manager's Licence, and is recommended for anyone who wants to strike out on their own in the Real Estate Industry in Queensland. Contact Complete Property Training for more information.