Business Agent Licensing Exemption In New South Wales

What is Business Agent Licensing?

Business agents, more commonly known as business brokers, are qualified individuals who can assist in the buying or selling of a business. Specifically, business agent functions include:

• selling, buying or exchanging or otherwise dealing with or disposing of businesses, including:
• • any share or interest in a business;
  • the goodwill of a business; or
  • any stocks connected with a business; or

• negotiating for the sale, purchase or exchange or any other dealing with or disposition of businesses, including:
• • any share or interest in a business;
  • the goodwill of a business; or
  • any stocks connected with a business.

In NSW, business brokers require licensing. A corporation that wants to carry out business agent activities must appoint a person who holds an unrestricted class 1 real estate agent licence or a class 1 real estate agent licence with a business agent restriction. These licences are issued