Real estate agents will be regulated by the Government after Parliament passed a law to reform the industry.
The Real Estate Agents Bill passed by 65 votes to 53 in Parliament on Thursday.
It sets up a disciplinary body which can strike-off rogue agents, and provides for consumer redress, including compensation of up to $100,000.
Associate Minister of Justice Clayton Cosgrove says the new law will promote public confidence in the industry.
He says for the first time, consumers will get a fair go if they feel they've been ripped off.