Regulatory changes in Victoria will permit unlicensed operators to engage in commercial property transactions under certain conditions, provoking the collective ire of accredited realtors.

Under proposed reforms unveiled by the Napthine government an estate agent’s license will no longer be required for the sale or leasing of commercial real estate in Victoria if the property’s value is in excess of $15 million, or a total floor space of more than 10,000 metres. The decision will enable small…