1 Name of Regulation
2 Commencement
3 Definitions
4 Notes
Part 2 Conduct of agency business
5 Extended functions of real estate agents and real estate salespersons
6 Section 31 exemptions—person in charge at place of business
7 Sharing of commission
8 Subagency agreements
9 Itemised account
10 Provision of financial and investment advice
11 Rules of conduct
12 Agency agreements—exemptions
13 Contents of agency agreements
13A Notice of change of registered office
13B Professional indemnity insurance
14 Definitions
15 Making the Bidders Record
16 Keeping the Bidders Record
17 Proof of identity for Bidders Record
18 Conditions of sale by auction
19 Notification of auction conditions
20 Warnings about bidders’ obligations
21 Banking of trust money
22 Records of trust money to be kept by licensees
23 Additional requirements for strata managing agents and community managing agents
24 Computer systems control
25 Receipts for trust money
26 Payment of trust money by cheque or electronic funds transfer
27 Trust deposits
28 Record of trust account transactions
29 Journal
30 Trust account ledger
31 Trust account ledger trial balance
32 Furnishing of particulars of trust account or transactions
33 Signing of cheques or effecting electronic funds transfers—trust account
34 Exemptions
35 Records and book entries to be in English language
36 Records of livestock bought to be kept by stock and station agents
37 Records of livestock sales to be kept by stock and station agents
38 Copy of accounts of owners corporation to be kept as record
39 Report to be prepared by managing agent
40 Managing agent to permit executive committee to inspect records
41 Complaints and discipline
41A Meaning of “Operating Account”
42 Levies
43 The Register
44 Application of Licensing and Registration (Uniform Procedures) Act 2002
45 Penalty notice offences and penalties
46 Fees and Compensation Fund contributions
46A Proposed contract for sale of residential property—exception
47 Exemption for travel agents
47A Exemption for certain visitor information centres or short-term accommodation booking agents
47B Exemption for persons acting on behalf of government departments and certain statutory bodies
48 Transitional arrangements for auctioneers
49 Transitional arrangements for reporting by financial institutions
50 Transitional arrangements for taking out professional indemnity insurance
Schedule 1 General rules of conduct applying to all licensees and registered persons
Schedule 3 Rules specific to stock and station agents and registered persons they employ
Schedule 4 Rules specific to business agents and registered persons they employ
Schedule 5 Rules specific to buyers agents
Schedule 6 Rules specific to strata, community, residential and other property managers
Schedule 7 Terms applying to all agency agreements
Schedule 8 Terms specific to agency agreement for sale of residential property
Schedule 9 Terms specific to a buyers agent agency agreement
Schedule 10 Terms specific to agency agreement for sale of rural land
Schedule 11 Terms specific to agency agreement for sale of business
Schedule 12 Terms specific to agency agreement for management of residential property or rural land
Schedule 13 Terms specific to agency agreement for the leasing of residential property or rural land
Schedule 14 Terms specific to agency agreement for the management of strata or community title land
Schedule 15 Penalty notice offences