48Duty not to act for both buyer and seller of land

#### 48 Duty not to act for both buyer and seller of land 48 Duty not to act for both buyer and seller of land > > (1) A licensee must not act in his or her capacity as licensee on behalf of both the buyer and the seller of land at the same time. > > > (2) A licensee must not enter into agency agreements in respect of the purchase or sale of land if the performance of services by the licensee under the agreements will or can result in the licensee acting in his or her capacity as licensee on behalf of both the buyer and the seller of the land at the same time. > > Maximum penalty— > > > (a) 200 penalty units in the case of a corporation, or > > > (b) 100 penalty units in any other case.