5Act not to apply to Government Departments etc. 18

5 Act not to apply to Government Departments etc. 18 Part IIB—Administration 24 7 Function of Authority 24 8 Powers of Authority to enter into agreements 24 9 Functions of Director 24 10 Powers of Director to enter into agreements 25 11 Delegation by Director 26 11A Delegation by Secretary 26 Part III—Licences 27 12 Estate agents to be licensed 27 13 Agents' representatives 28 13A Estate agents to be responsible for the acts of their representatives 29 13B Auctioneers of real estate 29 14 Eligibility to obtain licence 30 15 Licensing of corporations 34 16 Eligibility for employment as an agent's representative 36 16B Offence to aid unqualified person to be an agent's representative 41 16C Transitional provision concerning former sub‑agents 41 17 Application for estate agent's licence 42 19 Certain documents to be lodged by particular corporations 45 19A Consent to disclosure of information 47 20 Application to be referred to Director and Chief Commissioner 48 20A Provision of information for the purposes of this Act 48 21 Grant and effect of licence 49 21A Conditions of licence 52 21B Endorsement of licence 52 22 Automatic cancellation of licence on bankruptcy etc. 52 22A Delay of effect of certain convictions 54 23 Annual licence fee and statement 55 24 Extension of time 56 24A Failure to comply with section 23 56 24B If details given in application or annual statement change 56 24C No application for 2 years after refusal 57 24D Lost licence 57 25 Inquiries into estate agents 57 28 Inquiries into agents' representatives 59 28A Determination of Tribunal on inquiry 60 29 Cancellation of licences in other cases 61 29A Suspended and cancelled licences must be returned 63 29B Duties of agents and officers in effective control 63 29C Offence to procure contravention of section 29B 64 30 Management of estate agency office 65 30A Absence of estate agent or branch manager 67 31 Effect of disqualification 68 31A Person involved in Fund claim may regain licence etc. in exceptional circumstances 68 31B Bankrupt person may be allowed limited right to hold licence etc. 70 31C Person with criminal record may be allowed limited right to hold licence etc. 72 31CA Corporation may be allowed to hold licence despite disqualifying factors 73 31D Authority may impose conditions 75 31E Disability etc. of licensed estate agent 76 32 Application for review 77 33 The Register 78 35 Registered address 82 Part IV—Agents and agents' representatives 85 37M Mandatory continuing professional development activities 85 38 Offence to pretend to be a licensed estate agent 86 41 Production of licence by agent 86 42 Advertising 86 43 Franchising agreements 88 44 Persons not to be employed by agents 89 47 Authorization of agents' representatives 91 47A Seller must be given estimated selling price 92 47AB Estimated selling price must be reasonable 92 47AC Determination of estimated selling price 93 47AD Director may issue guidelines 94 47AE Revision of estimated selling price 95 47AF Statements of information 96 47B False representation to seller or prospective seller 99 47C False representation to prospective purchaser 99 47D Director may require substantiation 103 48 Notice of commission sharing must be given 105 48A Agent must not retain any rebate 106 48B Rebates must be factored into costs of expenses 107 48C Treatment of non-monetary rebates 108 48D Repeated breaches within 12 months 108 48E Right of recovery of rebates 109 49A Offence not to give certain information about commission 109 50 Commission 112 51 Statement concerning finance only to be given if finance promised 114 52 Statement to be given on sale of small business 121 53 Copy of contract etc. to be delivered to person signing 123 53A Exemption concerning the Legal Profession Act 2004 124 54 Default time limit on sole agency agreements 125 55 Restriction on agent purchasing property 125 55A Prohibition on charging or retaining of commission 128 56 Certain commissions illegal 129 56A Power of Director to investigate disputes 129 56B Powers of Tribunal in relation to disputes 130 Part V—Builders and subdividers of land 131