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Estate Agents Act 1980
56Certain commissions illegal
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56 Certain commissions illegal
An estate agent who has undertaken to sell a business shall not directly or indirectly receive from any person who makes any loan or gives any accommodation to a purchaser of the business to enable him to pay the whole or any part of the purchase money for the business or any stock plant or equipment sold therewith any commission or other consideration in relation to the loan or accommodation and a person who makes any such loan or gives any such accommodation shall not directly or indirectly pay any such commission or other consideration to the estate agent.
S. 56A inserted by No. 52/1998 s. 94.