39Limitations on employees of real estate agents

39 Limitations on employees of real estate agents

(1)  This section applies to –

(a) a real estate agent employed by another real estate agent to manage a branch of that agent’s real estate agency business; and

(b) a property manager, property representative, or real estate agent, employed by a real estate agent in the agent’s real estate agency business.

(2)  A person to whom this section applies must not accept employment by more than one real estate agent or property manager at any one time.

Penalty:  Fine not exceeding 50 penalty units.

(3)  A real estate agent must not employ a person to whom this section applies if the person is, to the knowledge of the agent, also employed at the same time by another real estate agent or by a property manager.

Penalty:  Fine not exceeding 50 penalty units.