Grace has held an unrestricted class 2 real estate licence for 18 months and has just completed the Diploma of Property (Agency Management). Her principal wants to nominate her as licensee in charge next week. Is she eligible for class 1?
Correct Answer
B) No; she must first have held her class 2 licence for at least 2 years.
Fair Trading's class 1 pathway requires an unrestricted class 2 licence held for at least 2 years, a Diploma of Property (Agency Management) and the class 1 logbook tasks (all Part 1 and at least 8 Part 2) completed over 2 years. Only a class 1 holder can be nominated licensee in charge.
Why This Is the Correct Answer
The class 1 pathway needs at least 2 years holding class 2, and Grace has only 18 months.
Why the Other Options Are Wrong
Background Knowledge for Agency Practice
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