24Eligibility for licences

24 Eligibility for licences (1) An individual is eligible to be licensed as an agent if the commissioner for fair trading is satisfied that the individual— (a) is an adult; and (b) has the qualifications required under section 25 for— (i) the kind of licence; and

(ii) for a property agent licence—the class of licence; and (c) has the experience required under section 25 for— (i) the kind of licence; and (ii) for a property agent licence—the class of licence; and (d) is not disqualified under section 27 (People disqualified from being licensed) or section 51 (People disqualified from being registered). (2) For subsection (1) (b), the commissioner for fair trading may decide that a higher qualification, equivalent qualification or substantially equivalent qualification meets the qualifications required under section 25 for— (a) the kind of licence; and (b) for a property agent licence—the class of licence. (3) A person in a partnership is eligible to be licensed as an agent if the commissioner for fair trading is satisfied that— (a) the person is eligible to be licensed as an agent under subsection (1); and (b) no person in the partnership is disqualified under section 27 or section 51. (4) A corporation is eligible to be licensed as an agent if— (a) the commissioner for fair trading is satisfied that no director of the corporation is disqualified from being licensed as an agent under section 27; and (b) at least 1 director of the corporation holds a licence of the same kind. (5) To remove any doubt, a regulation may provide that a person may be issued with an agents licence with stated conditions if the person does not have stated qualifications.