Real Estate Compliance

If you’re considering a career in real estate, it’s natural to have questions about the licensing process, course requirements, and what to expect as you begin your journey. To help, we’ve answered some of the most frequently asked questions about becoming a real estate professional in New South Wales.   How do I become a…

If you’re considering a career in real estate in New South Wales, there has never been a better time to enter the industry. Real estate offers flexible career pathways, strong earning potential, and opportunities in residential sales, property management, commercial property, buyers agency, and auctioneering. However, before you can work as a real estate agent…

Compliance failures can expose real estate agencies to major financial penalties, reputational damage, and regulatory action. Here are some of the most common compliance issues seen across NSW agencies. Incorrect Agency Agreements One of the most common problems involves incomplete or improperly executed agency agreements. Agencies should ensure: All required fields are completed Clients receive…

Understanding legislation is critical for anyone working in the NSW real estate industry. Agents are expected to comply with strict laws and ethical standards designed to protect consumers and maintain trust in the property market. Here are some of the key laws every real estate professional should understand. Property and Stock Agents Act 2002 This…

Underquoting remains a major compliance focus for NSW Fair Trading. Real estate agents must ensure property price guides are realistic, evidence-based, and regularly updated. What Is Underquoting? Underquoting occurs when a property is marketed at a price significantly below the likely selling price. This can mislead buyers and damage confidence in the property market. Agents…