Property Agents and Land Transactions Act 2016
51Franchising agreements
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51 Franchising agreements
(1) In this section –
franchising agreement means an agreement that permits a real estate agent to carry on real estate agency business on the condition that another person who is entitled to carry on real estate agency business (whether in Tasmania or elsewhere) receives valuable consideration.
(2) If a real estate agent carries on real estate agency business pursuant to a franchising agreement –
(a) each party to the agreement is guilty of an offence under section 135 if the real estate agent fails to comply with that section; and
(b) the parties to the agreement are each liable if criminal or fraudulent conduct in the course of the real estate agency business causes pecuniary or property loss to another person.
(3) A real estate agent carrying on real estate agency business under a franchising agreement must include the name of the franchisee on the premises from which the agent carries on that business.