Nadia is the class 1 licensee in charge for a corporation licensee. An unrelated agency, which is not in partnership with her employer, asks her to be its licensee in charge as well. Leaving aside any exemption from the Secretary, may she?
Correct Answer
C) No; she cannot act for two licensees unless they are in partnership.
Section 31(4) of the Property and Stock Agents Act 2002 says a class 1 licensee employed to be in charge of a business must not exercise functions or provide services for 2 or more licensees unless those licensees are in partnership. Only the Secretary can exempt someone from this rule, under s 31(5).
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Mia's NSW assistant agent certificate of registration expires next month. She has not finished the units needed for a class 2 licence and has no exceptional circumstances to rely on. What happens when the certificate expires?
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On Monday morning an agent hands a vendor the proposed residential agency agreement and consumer guide, and the vendor signs both a cooling-off waiver and the agreement that afternoon. Is the waiver effective?