49Proposed contract for sale of residential property—the Act, s 63

#### 49 Proposed contract for sale of residential property—the Act, s 63 49 Proposed contract for sale of residential property—the Act, s 63 > The Act, section 63 does not apply to a real estate agent if— > > > (a) the agent offers residential property for sale under an agreement between the agent and another licensee to share commission, fees, gains or rewards in relation to the sale, and > > > (b) the other licensee— > > > > > (i) has entered into an agency agreement with the vendor of the property, and > > > > > (ii) complies with the Act, section 63 in relation to the property.