Business broking is a state-regulated industry and laws will vary depending on where you are located. The industry is legislated under real estate legislation and licences are also managed through the body that overlooks real estate agent licenses.
Below is a breakdown the various acts and regulations in each state.Â
Which body oversees business brokers:
Consumer Affairs Victoria
Relevant legislation:
Estate Agents Act 1980
How to check licence:
Which body oversees business brokers:
NSW Fair Trading
Relevant legislation:
Property and Stock Agents Act 2002
Property and Stock Agents Regulation 2014
How to check licence:
Which body oversees business brokers:
Queensland Government
Relevant legislation:
Property Occupations Act 2014
How to check licence:
Which body oversees business brokers:
Western Australian Government
Relevant legislation:
Real Estate and Business Agents Act 1978 (WA)
Code of Conduct for Agents and Sales Representatives 2011 (WA)
How to check licence:
Which body oversees business brokers:
Government of South Australia
Relevant legislation:
Land and Business (Sale and Conveyancing) Act 1994
Land and Business (Sale and Conveyancing) Regulations 2010
Land Agents Act 1994 (SA)
Land Agents Regulations 2010 (SA)
How to check licence:
Which body oversees business brokers:
Property Agents Board of Tasmania
Relevant legislation:
Property Agents and Land Transactions Act 2016 (TAS)
Property Agents and Land Transactions Regulations 2017
How to check licence:
Which body oversees business brokers:
ACT Government
Relevant legislation:
Agents Act 2003 (ACT)
How to check licence:
Which body oversees business brokers:
Northern Territory Government
Relevant legislation:
Agents Licensing ACT (NT)
Agents Licensing Regulations (NT)
How to check licence:
It is always best to check with the state authority or a legal professional if you have any inquiries about a licence or legal matter.
