Part 5Agency agreements

Part 5 Agency agreements 15 Content of agency agreements—Act, s 100 (1) (c) (1) An agency agreement must comply with schedules 3 to 7. (2) The schedules apply as follows: (a) schedule 3 applies to all agency agreements (in addition to any other schedule that may apply to the agreement); (b) schedule 4 applies to an agency agreement under which the agent will act for the seller on the sale of residential property; (c) schedule 5 applies to an agency agreement under which the agent will act for the buyer on the purchase of land; (d) schedule 6 applies to an agency agreement under which the agent will act for the seller on the sale of rural land; (e) schedule 7 applies to an agency agreement under which the agent will act for the seller on the sale of a business or professional practice. (3) A reference in schedules 3 to 7 to property (other than as a reference to residential property) includes a reference to land. (4) An agency agreement must not contain anything inconsistent with the requirements of this part, but this section does not otherwise limit the terms that an agency agreement may contain.

Miscellaneous Part 6 Section 17 R23 13/09/24 Agents Regulation 2003 Effective: 13/09/24 page 13 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au