Victorian Current Acts

ESTATE AGENTS ACT 1980 - SECT 29B

    (1)     This section applies to a natural person—

        (a)     who is a licensed estate agent who carries on an estate agency business; or

        (b)     who is an officer in effective control of the estate agency business of a corporation.

    (2)     The person must—

        (a)     be regularly and usually in charge at the principal office of the estate agent; and

        (b)     give regular and substantial attendance at that office; and

        (c)     properly control and supervise any estate agency business carried on by the agent or for which the person is responsible; and

        (d)     take reasonable steps to ensure that any estate agents, agents' representatives or other employees of the business comply with the provisions of this Act, the Sale of Land Act 1962 and any other laws relevant to the conduct of the business while they are engaged in that business; and

        (e)     establish procedures designed to ensure that the business is conducted in accordance with the law and good estate agency practice; and

        (f)     monitor the conduct of the business in a manner that will ensure, as far as is practicable, that those procedures are complied with; and

        (g)     properly control and supervise the management of any branch office of the estate agency business.

Penalty:     25 penalty units.

S. 29C inserted by No. 41/2003 s. 28.