3Definitions

#### 3 Definitions 3 Definitions > In this Regulation— > > affiliate, in relation to an entity (the first entity), means— > > > (a) another entity controlled, within the meaning of the Corporations Act, section 50AA, by the first entity, or > > > (b) if the first entity is a body corporate—an entity that is a related entity of the first entity. > > Bidders Record, for Part 3—see section 13. > > buyer’s agent means— > > > (a) a real estate agent acting for a buyer, or a prospective buyer, of land, and > > > (b) an assistant real estate agent acting, to the extent permitted under the Act and this Regulation, for a buyer, or a prospective buyer, of land. > > commercial property agency work means selling, purchasing, exchanging, leasing, managing or otherwise dealing with property other than residential property or rural land. > > entity has the same meaning as in the Corporations Act, section 9. > > fee unit—see Schedule 14, Part 2. > > licensee in charge—means the holder of a class 1 licence employed under the Act, section 31 to be in charge of a business. > > property, for Part 3—see section 13. > > related entity has the same meaning as in the Corporations Act, section 9. > > residential tenancy agreement has the same meaning as in the [Residential Tenancies Act 2010](/view/html/inforce/current/act-2010-042). > > the Act means the [Property and Stock Agents Act 2002](/view/html/inforce/current/act-2002-066). > > transitional assistant stock and station agent certificate means a certificate of registration to which the Act, Schedule 1, clause 37(3) applies. > > trust money has the same meaning as in the Act, Part 7. > > vendor bid, for Part 3—see section 13. > > Note— > > The Act and the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015) contain definitions and other provisions that affect the interpretation and application of this Regulation.