Rules and responsibilities
Licensee-in-charge – role and responsibilities
Understand the role of a licensee-in-charge (LIC) in supervising a property agency, including licensing requirements and authority over trust account withdrawals.
Supervision guidelines
Licensees who run a business have a legal obligation to ensure the proper supervision of their business.
Fraud prevention guidelines
Property agents must stay alert and ensure agency policies and procedures include strong controls to prevent fraudulent real estate transactions.
Commercial property work - exemptions
Common questions and answers about the exemptions from certain regulations when performing commercial property work.
Trust accounts and audit requirements - real estate
Licensees under the Property and Stock Agents Act 2002 must hold clients’ funds in a trust account and follow trust account management and audit rules.
Reducing the risk of data breaches in property agencies
Property agencies must securely store and promptly remove or deidentify personal data to reduce cyber security risks to meet obligations amid rising data breaches in Australia.