Div 43 Land—further provisions

Division 4.3 Land—further provisions 14 Agents giving financial and investment advice—Act, s 83 (1) This section applies to financial or investment advice that— (a) is intended to influence the person to whom it is given in making a particular financial or investment decision about the sale or purchase of land; or

Conduct of licensed agents and registered assistant property agents Part 4 Land—further provisions Division 4.3 Section 14 R23 13/09/24 Agents Regulation 2003 Effective: 13/09/24 page 11 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au (b) could reasonably be regarded as being intended to have that influence. (2) A real estate agent who gives the advice must give the following information or warning: (a) a warning that the advice is general advice only and that its preparation has not taken into account the individual circumstances of the person; (b) for advice given about the purchase of land—a warning that an intending purchaser should assess the suitability of any investment in the property in the light of their own needs and circumstances, and that they can do this themselves or by consulting an appropriately licensed financial adviser; (c) information that discloses the existence and nature of any conflict of interest the agent may have in relation to the giving of the advice. Example for par (c) an entitlement to commission or referral fees

Part 5 Agency agreements Section 15 page 12 Agents Regulation 2003 Effective: 13/09/24 R23 13/09/24 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au