Conditional licenses are issued to real-estate salespeople who are granted an 18-month term within which to complete a course in real estate principles, pass an examination, and complete two additional courses at the college level. If the person holding the conditional license fails to submit evidence of course completion within the 18-month term, the license is suspended. The license may be reinstated if proof of course completion is submitted within four years of the original issue date.
Estate agents’ licences are perpetual as long as annual statements are lodged and fees are paid. However, licences can be cancelled or voluntarily surrendered.
Your individual estate agent's licence is cancelled if you:
- become an insolvent under administration
- become a represented person within the meaning of the Guardianship and Administration Board Act 1986.
A company's estate agent's licence is automatically cancelled if it:
- becomes an externally administered corporation.
Cancellation after 30 days
Individual licences
Unless you apply to the Business Licensing Authority (BLA) for permission, your licence is automatically cancelled 30 days from the date:
- you are convicted or found guilty of a disqualifying offence involving fraud, dishonesty, drug trafficking or violence punishable by 3 months or more in prison. It must not be a spent conviction within the meaning of the Spent Convictions Act 2021 (Vic) or any equivalent law of a state or territory of Australia or of the Commonwealth. For more information, view the Spent convictions page
- you are made the subject of an order by any regulatory body disqualifying you from acting as an estate agent or agent's representative
- of a successful claim against the Victorian Property Fund, or any corresponding fund.
Company licences
Unless a company applies to the BLA for permission, its licence is automatically cancelled 30 days after:
- one of its directors has their licence cancelled and the BLA notifies them in writing that one of its unlicensed directors is ineligible to apply for a licence
- it is the cause of a successful claim against the Victorian Property Fund
- it is convicted or found guilty of a disqualifying offence involving fraud, dishonesty, drug trafficking or violence punishable by 3 months or more in prison. It must not be a spent conviction within the meaning of the Spent Convictions Act 2021 (Vic) or any equivalent law of a state or territory of Australia or of the Commonwealth. For more information, view the Spent convictions page.
Voluntarily surrendering your licence
You can voluntarily surrender your licence by writing to the BLA and including your licence.
Your licence ends on the day the BLA receives your letter and licence.
For contact details, view our Business Licensing Authority page.
Where to next:
- Learn about requiring permission to apply for a licence
- Learn about applying for an estate agent’s licence
- Read about the Victorian Property Fund
- To keep up to date with industry news, subscribe to our Real estate updates
- Learn your business rights and responsibilities under the Australian Consumer Law
- Australian Consumer Law resources
- Public register of licensed estate agents
- Our Renting section
- Our Buying and selling property section
- Make a complaint about an estate agent
Last updated: 29 March 2021
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How can you lose your real estate license in Florida?
Offenses That Can Result in a Real Estate License Suspension.
Violating a duty as imposed by the terms of a contract;.
Fraud in any form, whether it is misrepresentation, concealment, a false promise, or any other type of fraudulent dealing in a business transaction;.
Aiding another real estate professional's misconduct;.
Can a revoked real estate license be reinstated in Ohio?
If the information contained in the application is satisfactory to the division of real estate, the division shall reinstate, transfer, or register the salesperson's license as a salesperson for other dealer or broker. The division shall establish the fee for the reinstatement and transfer of license.
Can you lose your real estate license in Texas?
Pursuant to the Texas Occupations Code, the TREC will often suspend or revoke a Texas real estate license upon the conviction of criminal offenses that are directly related to the duties and responsibilities of a real estate agent.
Who can suspend or revoke a California real estate license?
The Business and Professions Code Section 10176(g) allows the Real Estate Commissioner to temporarily suspend or permanently revoke a real estate license if the licensee is found guilty of claiming or taking any secret or undisclosed amount of compensation, commission, or profit.
