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Posted over 8 years ago

A Guide to Property License/Registration Renewal/Restoration in Queens

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Property licenses and registrations in Queensland remain valid for a period of either 1 or 3 years depending on the period you specified during application. At the end of either of these periods the license or registration becomes invalid and any further work without their renewal is deemed illegal. Here is a simple guide to property owners and managers on how to renew or restore your license or registration when it expires.

License Renewal

License/registration renewal should be done before the expiry date of the license/registration. This process is simple as it only requires filling the renewal form, making the necessary fees payment and submitting an audit report of trust accounts you manage. If all three of these requirements are fulfilled on time, your license/registration is renewed within 4-6 weeks after the submission.

Renewal Form

Renewal forms are often sent by Queensland's Registration Services Unit 4 to 6 weeks before the date of the license/registration's expiry. If this is not done, you can acquire them in person from the same unit. After providing all the information asked in the form, you can submit it either via mail or in person. If you are a real estate salesperson with a valid property management certificate, you have the option of making the application and submission online.

Renewal Fees

For 1 year renewal, the fee is $653.00 for individual licenses, $151.35 for individual registration and $370.30 for corporate licenses. For 3 year renewal, the fee is $1812.50 for individual licenses, $367.65 for individual registration and $963.50 for corporate licenses. An additional $38.60 is also paid per person for a check of criminal history.

Audit Report of Trade Accounts

Unless you are a registered real estate salesperson with a property management certificate you will have to submit an audit report detailing the management of trust accounts under your management for the audit period of the license. If there are no trust accounts you manage you will need to confirm that by making a statutory declaration.

License Restoration

License restoration should be done three months after the expiration date of the license/registration. The process of license restoration is very similar to that of license renewal as it too involves three processes- filling and submitting restoration form, paying restoration fees and submitting an audit report of trade accounts. If all three of these requirements are fulfilled before the 3 month deadline, you get back your full real estate licence or registration within 4-6 weeks after the submission.

Restoration Form

The restoration form is sent by the Registration Services Unit within three months of the license expiration. Submissions are done either by mail or in person except for registered real estate salespersons who can both apply and submit it online.

Restoration Fees

Restoration fees are similar to renewal fees only that you have to pay extra late fees of $18.30 for registration and $102.00 for corporate and individual licenses. An additional $38.60 is also paid per person for checking of criminal history.

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Audit Report of Trust Accounts

The information required here is same to that required when filling renewal form. Only registered real estate salespeople are exempt from making this submission.

Lapsed Licenses

Restoration of expired registration and licenses can only be done within three months after the date of the license's expiry. Beyond this time you will have to make an application for a new license.


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