Real Estate Agents Act definition
Examples of Real Estate Agents Act in a sentence
They constitute the Professional Conduct and Client Care Rules required by section 14 of the Real Estate Agents Act 2008.
The Real Estate Agents Act (Professional Conduct and Client Care) Rules 2009 (SR 2009/304) are revoked.
In this subclause ‘private agreement’ means any agreement to sell or exchange the Property (or part of it) in the absence of any effective agency agreement between the Client and a real estate agent holding a licence under the Real Estate Agents Act 2008.
These rules are the Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012.
While there is no express requirement under the Real Estate Agents Act 2008 and its codes, it is considered that the legal obligations in a Multi Offer situation are governed by the obligations imposed under the Real Estate Agents Act 2008 and specifically the Professional Conduct Client Care Rules (“the Rules”).
If the client wishes to exit from the relationship with the agency once the 90 days of sole agency expires, then the client should be able to do so consistent with Section 131 of the Real Estate Agents Act.
Appendices Pursuant to section 14 of the Real Estate Agents Act 2008, the Real Estate Agents Authority, with the approval of the Minister of Justice given in accordance with section 17 of that Act, and after consultation in accordance with section 16 of that Act, makes the following rules.
Cancellation of agency agreements Section 130 of the Real Estate Agents Act allows clients who have signed a sole agency agreement to change their mind and cancel the agreement by 5 pm on the first working day after they have been given a copy of the agreement.
In a residential agency agreement, a roll-over clause provision could be an example of an unfair contract term in an agency agreement under section 46M of the Fair Trading Act 1986 and a breach of section 131 of the Real Estate Agents Act.
The Agent cannot conduct real estate agency work for the Client under the Real Estate Agents Act 2008 until the Agent first completes the appropriate level of customer due diligence on the Client under the Anti-Money Laundering and Countering Finance of Terrorism Act 2009 (“AML/CFT Act”).