121No recovery of commission unless licensed

121 No recovery of commission unless licensed A person is not entitled to bring an action to recover a fee, commission or other gain or reward for acting as an agent for a client in relation to a matter referred to in section 5(2) or to work which, under this Act, a conveyancing agent may perform unless: (a) at the time the person was engaged to act as an agent, the person was a licensed agent and was such an agent at the time of acting as agent; or (b) the person was engaged to act as an agent before the expiration of the period of one month after the commencement of this Act and, at the time of acting as agent, was a person to whom section 17 did not apply.