11Class 1 real estate agent’s licence with business agent restriction condition

11 Class 1 real estate agent’s licence with business agent restriction condition

11 Class 1 real estate agent’s licence with business agent restriction condition

(1) A person has the qualifications required for the issue of a class 1 real estate agent’s licence (the new licence) with a business agent restriction condition if the person satisfies one of the pathways set out in this clause.

(2) Pathway 1—holders of class 1 licence with business agent restriction condition The person has held a class 1 real estate agent’s licence with a business agent restriction condition within 12 months before making the application for the new licence.

(3) Pathway 2—holders of class 2 licence with business agent restriction condition The person has—

(a) held a class 2 real estate agent’s licence with a business agent restriction condition for at least 2 years, and

(b) satisfactorily completed the class 1 work experience requirements during a 2 year period, and

(c) been issued with a relevant diploma from a registered training organisation.

(4) Pathway 3—transitional provision former licence holders The person—

(a) holds a class 2 real estate agent’s licence with a business agent restriction condition, and

(b) applies for the class 1 real estate agent’s licence with a business agent restriction condition within 12 months after the commencement day, and

(c) immediately before the commencement day—

(i) held a business agent’s licence for at least 2 years, or

(ii) held a business agent’s licence and carried on business under the licence or was employed to be the person in charge of business carried on under a business agent’s licence at a place of business.

cl 11: Am 2021 (186), Sch 1[6]–[8].