Under the Estate Agents Act 1980, what is the difference between a licensed estate agent and an agent's representative in Victoria?
Correct Answer
D) A representative must be employed by or act for a licensed agent and cannot operate alone.
Under the Estate Agents Act 1980, an agent's representative must be employed by or engaged by a licensed estate agent and cannot conduct business independently. Only a licensed estate agent can operate an agency, hold trust funds, and is ultimately responsible for the conduct of their representatives.
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