Existing appointments to act as agent
249 Existing appointments to act as agent
An existing appointment mentioned in column 1 of the following table continues in force after the commencement as an appointment mentioned in column 2 of the following table—
| Appointment under PAMDA | Appointment after commencement |
|---|---|
| appointment to act as a resident letting agent | appointment under this Act to act as a resident letting agent |
| appointment to act as a real estate agent | appointment under this Act to act as a real estate agent |
| appointment to act as a pastoral house | if the appointment relates to auctioning or sale of real property—appointment under this Act to act as a property agentif the appointment relates to auctioning goods—appointment under the Motor Dealers and Chattel Auctioneers Act to act as a chattel auctioneer of the goods |
| appointment to act as a pastoral house director or pastoral house manager | appointment under this Act to act as a real estate agent |
| appointment to act as an auctioneer or pastoral house auctioneer | if the appointment relates to auctioning real property—appointment under this Act to act as an auctioneer of the propertyif the appointment relates to auctioning chattels—appointment under the Motor Dealers and Chattel Auctioneers Act to act as a chattel auctioneer of the chattels |
| appointment to act as a motor dealer | appointment under the Motor Dealers and Chattel Auctioneers Act to act as a motor dealer |
| appointment to act as a commercial agent | appointment under the Debt Collectors Act to act as a debt collector |
An existing appointment continued in force under this section ends—
if the appointment continues as an appointment under this Act to act as a property agent and is for an exclusive agency, or sole agency, within the meaning of PAMDA—on the earlier of the following—
the day it ends according to its terms;
the end of 60 days after the appointment is made; or
otherwise—on the day it ends according to its terms.
An appointment continued in force under this section continues, subject to this section, according to its terms with necessary changes.
In this section—existing appointment, to act as a particular agent, means a valid appointment made under PAMDA to act as a particular agent that was in force immediately before the commencement.
This Act’s bill:Explanatory memorandumSecond reading speech
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