Mandatory Registration for Business Brokers Near Me in Australia
Mandatory Registration for Business Brokers Near Me in Australia
Is state or national registration mandatory for all business brokers near me in Australia, and how can buyers verify their licenses?
2 Answers
In Australia, business brokers must hold a valid state or territory real estate or business licensing registration, as requirements vary by jurisdiction. Buyers can verify a broker’s license by checking the relevant state licensing authority database or the Business Brokers Association of Australia membership directory.
In Australia, not all business brokers are required to hold a national license, but they usually need a state-based license or registration depending on the type of business being sold for example, property-related business sales require a real estate license (RERA in NSW, REBA in Victoria, etc.), while general commercial business brokerage often requires a valid state business or trading license. Buyers can verify a broker by checking the relevant state authority’s online register, asking to see their license number, and confirming it’s current and in good standing. Emotionally, doing this upfront feels like a safety net it protects you from unqualified or unregulated brokers and gives confidence that your deal is in capable, accountable hands.