NSW Fair Trading raises penalties for property professionals
NSW Fair Trading has significantly increased penalties for property professionals.
Major reforms to the Property and Stock Agents Act 2002 commenced on 29 June 2026. For agents, assistant agents and agency leaders, the cost of non-compliance has never been higher.
Key penalties now in effect
- Up to $11,000 in court-imposed penalties for an agent or assistant agent who fails to comply with mandatory continuing professional development requirements.
- Up to $55,000 for individuals and $110,000 for corporations for some serious offences, including operating as an agent without a licence, dummy bidding and mishandling trust money.
- Stronger enforcement powers that allow NSW Fair Trading to require further training, restrict certain activities and take other disciplinary action in response to misconduct.
The message is clear: compliance is no longer just best practice. It carries significant financial and professional consequences.
More reforms are coming
Further changes are expected to commence later in 2026, once supporting regulations and forms are ready. These include tougher underquoting laws, new Statement of Information requirements and a new approval framework for CPD providers.
Under the later-stage reforms, the maximum court-imposed penalty for underquoting will rise to $110,000 or three times the agent’s commission, whichever is higher.
Reduce compliance risk before it becomes costly
TRACit helps agencies stay ahead of their CPD obligations with automated tracking, alerts, reminders and audit-ready records. Your team can see what is complete, what is missing and where follow-up is needed before a gap becomes an expensive problem.
Don’t wait until it is too late. Stay compliant. Protect your licence. Protect your business.
This article provides general information and does not constitute legal advice. Read the NSW Fair Trading announcement for the full details and seek professional advice for your circumstances.