(1) If an amount is
not fixed under section 61(1) of the Act, an appointment to act as an
agent —
(a)
where the commission, reward or other valuable consideration to be received by
the agent for the services rendered by the agent is expressed as a percentage,
is to clearly set out the basis (e.g. selling price, gross rental) on which
the percentage is to be calculated; and
(b)
where —
(i)
the appointment is to act as an agent in a transaction as
defined in section 61(4a) of the Act; and
(ii)
the commission, reward or other valuable consideration to
be received by the agent for the services rendered is expressed as an hourly,
weekly or other periodic rate,
is to specify the
maximum amount to be received by the agent, expressed as a monetary amount;
and
(c)
where the consideration to be received by the agent for the services rendered
by the agent is based on the use by a person of certain services provided by
the agent, is to provide a full explanation of the nature of the services so
provided; and
(d)
where any expenses (in addition to the commission, reward or other valuable
consideration) are to be received by the agent, is to —
(i)
specify the nature of those expenses; and
(ii)
clearly set out the method by which the expenses will be
calculated.
(2) If an amount is
not fixed under section 61(1) of the Act, an appointment to act as an
agent by a person for whom services are to be rendered is to contain,
immediately before the statement of the commission, reward or other valuable
consideration to be received by the agent, a statement that the commission,
reward or consideration is not to be received pursuant to a scale fixed by law
but is to be agreed upon between the person and the agent.
(3) An appointment to
act as an agent is to include a statement in clear, concise and plain English
to the effect that the person for whom the services are to be rendered by the
agent (e.g. the vendor or landlord) may seek assistance from the Commissioner
in relation to disputes as to the commission, reward or other valuable
consideration to be received by the agent.
[Regulation 6BA inserted: Gazette
16 Oct 1998 p. 5734‑5; amended: Gazette
30 Jun 2011 p. 2671.]