139Records of transactions

139 Records of transactions

(1)  The Board may approve the records to be kept of transactions undertaken by –

(a) real estate agents named in Part 1(1) of the Register; and

(b) property managers named in Part 2(1) of the Register; and

(c) general auctioneers named in Part 3(1) of the Register.

(2)  In approving the records referred to in subsection (1) , the Board may, in particular –

(a) approve the manner of keeping records of transactions; and

(b) approve the matters to be included in the records; and

(c) approve the information to be given to property agents, the persons required to give that information, and the manner in which and time within which it is to be given; and

(d) approve the persons to whom those records are to be produced and the manner of their production; and

(e) provide for a person authorised for the purpose by the Board to enter, at reasonable times, any place where those records are kept, and to inspect and take copies of them; and

(f) approve the period during which the records are to be retained; and

(g) provide for the disposal of those records when a person ceases to carry on business as a property agent.