The annual registration fee per salesperson is $230. The application fee to register salespersons and to renew the registration of salespersons is $53.50 (inclusive of GST) per registration.
The annual licence fee* for estate agents is shown in the tables below. The application fee for a new licence and renewal of licence is $107 per licence (inclusive of GST). Payment is to be made via crossed cheques/cashier orders made payable to 'Council for Estate Agencies' only.
Estate agents shall be responsible for the payment of the estate agent's licence fee and the registration fee of their salespersons, as well as the application fees for licence and registration. The application and registration fees for salespersons and renewal of licence shall be paid by GIRO.
||The licence and registration fees for each year of licence or registration are payable annually irrespective of the validity of the licence or registration being for a period of more than 1 year.|
||The application and registration fee of salesperson is also payable when there is an application by an estate agent of a salesperson switching estate agents (such as leaving/ intending to leave 1 estate agent to join another estate agent).|
Annual Licence Fee for All Businesses and Companies(Except General Partnerships and Limited Partnerships)
|Size of Estate Agent||Annual Licence Fee(excluding GST)|
|1 to 10 salespersons||$300|
|11 to 30 salespersons||$600|
|31 to 50 salespersons||$1,000|
|51 to 500 salespersons||$2,000|
|> 500 salespersons||$3,000|
Annual Licence Fee for General Partnerships and Limited Partnerships
|Size of Estate Agent||Annual Licence Fee (excluding GST)|
|1 to 10 salespersons and partners||$300 + ($230 for each practising partner)|
|11 to 30 salespersons and partners||$600 + ($230 for each practising partner)|
|31 to 50 salespersons and partners||$1,000 + ($230 for each practising partner)|
|51 to 500 salespersons and partners||$2,000 + ($230 for each practising partner)|
|> 500 salespersons and partners||$3,000 + ($230 for each practising partner)|
An estate agent (Private Limited Company) has 40 salespersons.
Annual licence fee = $1,000
Annual registration fee = $9,200 ($230 x 40)
Total fee deducted from GIRO = $10,200 (excluding GST)
An estate agent (General Partnership) has 4 partners of which 3 will be practising partners, and 5 salespersons.
Annual licence fee = $990 [$300 + ($230 x 3)]
Annual registration fee = $1,150 ($230 x 5)
Total fee deducted from GIRO = $2,140 (excluding GST)