125Powers of manager

125 Powers of manager

(1)  A manager appointed to manage the business of a property agent may do all acts and things in relation to that business that the property agent might lawfully have done.

(2)  The manager may, in particular, in his or her own name or in the name of the property agent –

(a) charge commission and other amounts for work undertaken for clients of the property agent in the course of the business of the property agent; and

(b) pay from the assets of the business any outgoings payable in connection with the business; and

(c) administer the trust account of the property agent and pay money from that account as and when people become entitled to it.