Once you have completed your course, you will then be required to apply to the Office of Fair Trading (Queensland) (‘OFT’) for your Registration or Licence. The OFT is the governing regulatory body who issues real estate and property related Registrations and Licences. To learn more about the Property Industry Regulations for Queensland, CLICK HERE.
You apply for your Registration Certificate by following these simple Steps:
The OFT requires that you must:
You will need to provide additional information if you have, or are any of the following for the OFT to determine your suitability:
For a further information on eligibility and suitability requirements, click on the links below
When you apply to the OFT for your Registration or Licence, you will be required to pay a fee with your application. These fees are imposed by the Office of Fair Trading (Queensland).
As at October 2017, the application fees are:
The average processing time for your Application through the OFT is 4 – 6 weeks.
If your application is incomplete, the OFT will contact you requesting additional information. In this circumstance your application may take longer to complete.
You may find that handing your application directly into the OFT in person can increase your application turnaround. If you wish to hand your application in person, visit the OFT at Upper Plaza, 33 Charlotte Street, Brisbane City.
The Office of Fair Trading (Queensland) (‘OFT’) has a number of breaches and penalties you should be aware of when it comes to your Property and Real Estate Registration or Licence.
These include operating without a Registration or Licence with a maximum penalty of $25,230 or 2 years imprisonment or a maximum fine of $12,615 for failing to update your personal details.
For a full listing of the OFTs Property Industry Breaches and Penalties, CLICK HERE.
What if I have questions to ask the OFT?
If you have any questions regarding your OFT Application, please contact them directly between 8.30am and 4.30pm Monday to Friday on 13 74 68.