Have your say on laws for licensed real estate, property and stock agents.

In NSW, licensed real estate, strata managing, assistant, as well as stock and station agents are regulated by the Property and Stock Agents Regulation 2014 and the Property and Stock Agents Act 2002. The current Regulation is due to expire on 1 September 2022.

The proposed new Property and Stock Agents Regulation 2022 has been modernised and improved with more clarity, better consumer protections and less administrative load for agents. It keeps many of the existing rules with some minor changes, including:

• new arrangements to make it easier for strata and community land schemes to access records and information from a strata managing agent
• strengthening the requirements for agents to disclose information about expression of interest deposits and returning deposits to potential buyers – which improves transparency and consumer protections
• reducing the current thresholds for major property holdings – meaning agents who only carry out commercial property agency work for properties of a certain size do not need to hold a real estate agent licence
• reducing the administrative load for agents by changing the disclosure of material facts requirements – agents dealing with prospective tenants only need to disclose the material facts outlined in the Residential Tenancies Act 2010.

For more details about the proposed changes, you can access:

• Draft Property and Stock Agents Regulation 2022
• Regulatory Impact Statement.

New laws start from 1 September 2022

The new Property and Stock Agent Regulation 2022 started from 1 September. Visit the NSW Fair Trading website to find out more about the changes.

Submissions are now closed. Thank you for your feedback.

This survey is closed. Thank you for your feedback.

If you are unable to access the online survey or upload a submission electronically, you can send us your submission in any written format. You can email psareg@customerservice.nsw.gov.au or send via post to:

Property and Stock Agents Regulation 2022
Policy and Strategy, Better Regulation Division
NSW Department of Customer Service
4 Parramatta Square
12 Darcy Street
PARRAMATTA NSW 2150

Posted submissions must be date-stamped before 6 July 2022

All submissions will be made publicly available on this consultation page. If you do not want your personal details or any part of your submission published, please indicate this clearly. Automatically generated confidentiality statements are not sufficient. Submissions may be referred to in a report on the outcome of the consultation, however any anonymous submissions will be referred to as such.

Please note, even if you state that you do not wish us to publish certain information, we may need to release that information by law. For example, to comply with the Government Information (Public Access) Act 2009.