A NSW Fair Trading spokesman said: “Your members should be reminded that if a person is unable to locate the licence or certificate details of an agent or salesperson, it may result in a complaint being lodged with Fair Trading.
“Alternatively, prospective customers may choose to overlook a trader if licence or certificate details are unable to be located.
“It is suggested that agents and salespersons using a name other than that displayed on their certificate or licence, display their licence or registration number adjacent to their name.
“This will ensure that buyers, sellers, tenants and landlords are provided with additional certainty that they are dealing with an appropriately licensed professional.
“This will also avoid customers lodging complaints and enquiries with Fair Trading if they are unable to identify the licence details.”
NSW Fair Trading also said:
REINSW reviewed the relevant acts to find out information which would be of help to member agencies on this topic
Section 24(1) of the Licensing and Registration (Uniform Procedures) Act 2002 (NSW) (LRUP Act), states that:
“It is a condition of a licence (whether fixed-term or continuing) that the licensee must notify the relevant licensing authority, within 14 days after the change, of any change that occurs in the licensee’s name, address or other registered particulars.”
In the case of real estate agents and agencies, the relevant licensing authority is NSW Fair Trading.
A licensee must not publish an advertisement relating to, or in connection with, the licensee’s business unless it includes:
From VOLVO, BMW and TESLA Check them out.
Also, Keep track of your CPD hours with the NEW CPD Diary in your member portal! Log in today.