Regulation taskfore inquiry into reducing the regulatory burden on business background


Publishing business names in property advertisements



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Publishing business names in property advertisements

No requirement.

Licensee must publish business name.

PSBA Act allows a variation in NSW to publish either:



  1. Business name.

  2. Partnership name.

  3. Trading Name.

Mandatory – must specify name of business and registered office.

Not in legislation.

Mandatory.

Mandatory.

Act requires agent to advertise that agent is licensed and business address.

Mandatory.

Disclosure of Rebates (to seller)

Any benefit or rebate must be fully disclosed on the Appointment to Act agreement (Form 22).

Disclosure required under Sec 47 to all parties.

Must disclose rebates and discounts in the agency agreement.




Any r rebate must be fully disclosed and passed on to principal.

See under “Agency Appointments”.



No information provided.

Mandatory.

Discretionary.

Agent is required to declare a beneficial interest in purchase or sale of land.

Rebates or benefits must be disclosed.


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