Estate Agents (Fees) Regulations 2018 - Regulatory Impact Statement

Background

We proposed new regulations to replace the Estate Agents (Fees) Regulations 2007, which were due to expire on 16 July 2018.

A Regulatory Impact Statement (RIS) assessed four options for fees for estate agents, and identified a preferred option. Download the Regulatory Impact Statement - Estate Agents (Fees) Regulations 2018 (Word, 1.2MB).

The Estate Agents (Fees) Regulations 2018 were made on 21 June and came into effect on 1 July.

Note: From 1 September, there will be changes to annual fees for:

• licences for individual and corporate estate agents
• approval for a branch manager.

All other fees set under the new regulations will commence on 1 July.

Consultation process

The RIS was open for public consultation from 27 April to 25 May. We received three public submissions, and have considered and responded to each.

Submissions and responses

Download the submissions and our responses:

• Submission - Australian Livestock & Property Agents Association (PDF, 118KB)
• Response to submission - Australian Livestock & Property Agents Association (PDF, 404KB)
• Submission - Estate Agents Council (PDF, 20KB)
• Response to submission - Estate Agents Council (PDF, 259KB)
• Submission - Real Estate Institute of Victoria (Word, 81KB)
• Response to submission - Real Estate Institute of Victoria (PDF, 265KB)

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