A Queensland real estate agent markets a property without a signed appointment form. Which of the following best describes the legal consequence?
Correct Answer
B) The agent commits an offence and cannot recover commission or expenses
Under the Property Occupations Act 2014, acting without a valid appointment form is an offence, and the agent loses the right to claim any commission, reward, or expenses for the transaction.
Why This Is the Correct Answer
Under the Property Occupations Act 2014 (Qld), acting as an agent without first being appointed is an offence, and a person who was not properly appointed is not entitled to sue for, recover or keep any reward or expense for the work.
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A Queensland agent acting under an open listing agreement sells a property. Two other agents also claim to have introduced the buyer. Under Queensland law, commission is payable to:
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A Queensland real estate agent receives a $20,000 deposit from a buyer for a residential property purchase. The agent must deposit these funds into: