Real Estate Agents Act 1976

• Jurisdiction: New Zealand
• Reference: 1976 No 9
• Citation: 1976 No 9
• Record Number: DLM437937
• Act Number: 9
• Type of Document: Act

Contenidos

• Real Estate Agents Act 1976
• Preamble
• Contents
• 1 Short Title and commencement
• 2 Interpretation
• 3 Meaning of real estate agent
• Part 1
• 4 Real Estate Agents Licensing Board constituted
• 5 Deputies of members
• 6 Meetings of Board
• 7 Meetings to be held in public except in certain circumstances
• 8 Remuneration and expenses of members of Board
• 9 Functions and powers of Board
• 9A Chairperson may exercise Board's jurisdiction in respect of certain matters
• 9B Registrar may be authorised to exercise Board's jurisdiction in respect of certain matters
• 10 Receipt of money by Board
• 11 Secretary of Board
• 12 Seal
• 13 Representation of parties
• 14 Evidence before Board
• 15 Reasons for adverse decision of Board may be obtained
• Part 2
• 16 Real estate agents to be licensed
• 17 Eligibility for licences
• 18 Application for licence
• 19 Notice of application to be given to Institute
• 20 Public notice to be given
• 21 Board to hold a hearing except in certain cases
• 22 Board not to hear or consider an application until satisfied of certain matters
• 23 Board may grant licence
• 24 Evidence required by Board
• 25 Licence to be held in licensee's own name unless Board otherwise approves
• 26 Effect of licence
• 27 Carrying on business at place not specified in licence
• 28 Duration of licence
• 29 Renewal of licence
• 30 Special provisions in respect of partnerships and companies
• 31 Voluntary surrender of licence
• 32 Temporary licence
• 33 Administration of trust account in certain cases
• 34 Permits
• 35 Registrar of Real Estate Agents
• 36 Register of Real Estate Agents
• 37 Registrar to record the issue, renewal, suspension, and cancellation of licences and certificates of approval in Register
• 38 Correction of Register
• 39 Registrar to keep copies of permits
• 40 Penalty for wrongfully procuring issue of licence, certificate of approval, permit, or extension of time
• 41 Lost licences, certificates, and permits
• Part 3
• 42 No person to employ, or act as, salesperson without certificate of approval
• 43 Limit on employment of unqualified persons
• 44 Continued employment of unqualified person in certain cases
• 44A Objection to recognition as qualified person
• 45 Application for approval of salesperson
• 46 Board may grant certificate of approval
• 47 Duration of certificate of approval
• 48 Renewal of certificate of approval
• 49 Institute may require list of salespersons to be supplied
• 50 Custody of certificates of approval
• 51 Voluntary surrender of certificate of approval
• 51A Employment status of certain salespersons
• Part 4
• 52 Licensee to have registered office
• 53 Licensee to display notice on place of business, etc
• 54 Supervision of business
• 54A Approvals for remote located salespersons
• 54B Application for approval of branch manager
• 54C Criteria for approval as branch manager
• 54D Powers of Board in respect of application for approval of branch manager
• 54E On transfer of branch manager, licensee to notify Registrar and Institute
• 55 Treatment of certain money received by real estate agent
• 56 Duty of real estate agent with respect to money received in course of business
• 57 Money to be held by real estate agent for 10 days
• 58 Real estate agent to furnish account to principal
• 59 Rendering false account
• 60 Real estate agents' trust accounts to be audited
• 61 Real estate agent not to act as land broker in connection with same transaction
• 62 Real estate agent to have written contract of agency
• 63 Purchase or lease by agent voidable
• 64 Real estate agent to provide valuation
• 65 Real estate agent to give copy of contract
• 66 Representations by real estate agent to be question of question of fact
• Part 5
• 67 Licensees to be members of Institute
• 68 Conscientious objection to membership of Institute
• 69 Improper use of words, etc, implying membership of Institute
• 70 Rules of Institute
• Part 6
• 71 Real Estate Agents Fidelity Guarantee Fund
• 72 Audit of accounts of Fund
• 73 Council to administer Fund
• 74 Committee of management
• 75 Expenditure from Fund
• 76 Real estate agents to contribute to Fund
• 77 Council may make refunds of contributions to Fund
• 78 Contributions to Fund while it exceeds specified amount
• 79 Real estate agents may be required to pay levy
• 80 Investment of Fund
• 81 Purpose of Fund
• 82 Claims against Fund
• 83...