40Limitations on employees of property managers

40 Limitations on employees of property managers

(1)  This section applies to a property manager, a real estate agent or a property representative, employed by a property manager named in Part 2(1) of the Register.

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

Penalty:  Fine not exceeding 50 penalty units.