When applying for a NSW real estate agent licence, which terms may the applicant nominate?
Correct Answer
A) 1, 3 or 5 years
Section 25 of the Property and Stock Agents Act 2002 requires an application for a licence or renewal to nominate a term of 1, 3 or 5 years, and Fair Trading's licence page repeats this. A certificate of registration, by contrast, has a fixed 4-year term.
Why This Is the Correct Answer
Section 25 lists 1, 3 or 5 years as the terms that may be nominated.
Why the Other Options Are Wrong
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Under the certificate of registration pathway, how long must a person hold an assistant real estate agent certificate before becoming eligible for an unrestricted class 2 licence?
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