Northern Territory Consolidated Acts Northern Territory Consolidated Acts22. Eligibility for licence
(1) A person (not being a company or a firm) is eligible for the grant of a licence if the Board is satisfied that:
(a) he or she has attained the age of 18 years;
(b) he or she is a fit and proper person within the meaning of section 20;
(c) he or she:
(i) has completed a course of competency-based training that is approved by the Board under section 22A for the class of licence that is the subject of the application;
(ii) holds the prescribed qualifications for the class of licence that is the subject of the application;
(iii) has other prescribed qualifications or prescribed experience; or
(iv) by reason of his or her qualifications and experience is competent to carry on business on his or her own account as a licensed agent; and
(d) if the application is for a real estate agent's licence, a business agent's licence or a conveyancing agent's licence:
(i) the applicant will, for the whole period of the licence, be insured under an approved indemnity insurance policy within the meaning of section 108A in relation to the applicant or the applicant's employer; or
(ii) the applicant, or the applicant's employer, is exempt under a regulation from the requirement under section 108B to be insured under an approved indemnity insurance policy within the meaning of section 108A.
(2) If a person applies for a licence under section 26 on the basis that the person holds other prescribed qualifications or experience referred to in subsection (1)(c)(iii), the person's application under section 26 is to be accompanied by a certificate in the prescribed form.