Registered agents can charge fees to get your information registered and they’re usually cheaper than agents.
However, registering an agent is often more expensive than registering your own property.
Here’s what to look out for.
Why do registered agents charge fees?
Registered agents often have higher fees than an agent who has no experience with the property.
For example, a property broker will typically charge a $20 fee for an agent, but a registered agent can charge $100 for a property.
A registered agent will also be required to complete an application form to obtain a property title.
You can also get an agent’s fee waiver if you do not have a mortgage or property title and are not using the agent’s services.
A licensed real estate agent may also charge an agent fee for each property, depending on the property’s size.
What do registered agent fees look like?
Agents may ask for a deposit for registration.
Depending on the type of property they’re registering, the deposit may be a deposit you have to pay to register the property as a registered landowner.
You may also have to give the agent a security deposit.
For more information, see the Australian Real Estate Agents Association’s information about deposit and security deposit fees.
Can registered agent agents take my home title?
Some registered land owners can take ownership of their land if they register their property as land owner, but only for a period of five years.
If the property is not registered as land, they can register the land for five years from the date the land was first registered.
They can then sell it for a fee.
The property may also be subject to a mortgage.
However these mortgage rates are based on a rate of 3.25 per cent, or 10 per cent if you are paying the mortgage.
You should contact the bank to confirm the interest rate you’re paying.
If you’re renting your home from a registered property agent, you can usually get an upfront payment.
You will also need to give them a security note if you’re selling your home.
You’ll also need a deed of sale.
This can be a property deed, or a deed from a trust deed.
If your home is listed as an agent property, the agent will need to obtain the mortgage and provide a copy of your deed.
These documents must be in your possession for five days before you can sell the property, and they will need an additional security deposit of $150.
You need to pay a property transfer tax of 5 per cent of the value of your home at the time the property will be transferred to your registered agent.
If this is your first property transfer, you may need to contact the Commonwealth Land Office to apply for an additional stamp duty stamp.
What happens if I don’t register my property?
If you don’t get registered as a landowner and the property doesn’t get sold, you’ll have to buy the property and take possession of it.
If that’s not possible, you need to apply to the Land Office for an application to transfer the land to you.
The Land Office can process the application in four different ways: you can submit a document that details the circumstances of your property; you can get the information you need online; you will need a property statement; or you can go to the Department of Planning and Primary Industries to apply.
If all four of these options aren’t possible, then you will have to go to court to try and get the land transferred.
If there’s a dispute, the Land Court will usually decide the case.
The final outcome will depend on how the land is managed and whether there’s any compensation.
What are the differences between registered and unregistered land?
There are some differences between the two types of land, and some registered land is more suitable for renting than unregistered property.
Registered land is owned by a registered government entity or a registered corporation.
It can include houses and commercial properties.
The registered government is a state or territory government entity, which means it can be run by a democratically elected government.
For a government to register a land, it needs to provide an application, register it with the Land Registry, and get an authorisation from the Land Administration (Land Registry Act 1996).
Unregistered land is a property that’s been registered in one of the following ways: by the Land Registration Board, or by a person or organisation who has a valid land title or a right to title the land.
For an example of a land title application, see Land Registration Act 1992.