137
In forceOffence to sell, lend or borrow registration certificate
Part 5Registration of real estate salespersons
Division 8Dealings with registration certificates
Subdivision 2General
137 Offence to sell, lend or borrow registration certificate
(1)
A real estate salesperson must not—
(a)
sell, lend or hire out the salesperson’s registration certificate to someone else; or
(b)
notify or advertise that a registration certificate is available for sale, loan or hire to someone else, whether registered or not; or
(c)
permit or allow someone else to hold out that the person is the holder of the registration certificate issued to the salesperson.
Maximum penalty—200 penalty units or 2 years imprisonment.
(2)
A person must not buy, borrow or hire a registration certificate.Maximum penalty—200 penalty units or 2 years imprisonment.
This Act’s bill:Explanatory memorandumSecond reading speech
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