The License Question Every Property Owner Asks - Here's the Answer

The question of licensing. Let's just start with the big one. You can manage your own property without a license according to Fair Trading New South Wales. If you're managing your— and this is the important bit— your own property, you don't need a license. But there's a catch. The moment you enter, you manage someone else's property for a fee, a real estate license under the Property, Stock and Business Agents Act is needed. I see this mistake all the time in like we work in areas that have got very. Old school owners like Redfern, Surrey Hills, and Darlinghurst, Potts Point, and yeah, what once was the rules of the game are still being applied. But yeah, they're sort of fraught with danger. Property investors, you know, think they can look after their friend's property and keep themselves busy, but. It's illegal and can incur fines if things go really, really badly.