Tom holds a real estate certificate of registration and has worked beside the agency's auctioneer for three years. He asks to call next Saturday's residential auction himself. Can he?
Correct Answer
A) No; the Act says a certificate holder must not act as an auctioneer of land at all.
Section 11(3) of the Property and Stock Agents Act 2002 says the holder of a certificate of registration must not act as an auctioneer, and s 11(3A) makes the auctioneering business ensure that does not happen. The only exception in s 11(4) is an assistant stock and station agent auctioning livestock under immediate and direct supervision.
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