88
In forceCommission may be claimed only for actual amounts
Part 3Property agents and resident letting agents generally
Division 1Conduct provisions
Subdivision 2Recovery of reward or expense by property agent or resident letting agent
88 Commission may be claimed only for actual amounts
(1)
This section applies to—
(a)
a property agent who performs, for the payment of a commission, a service of selling or letting property or collecting rents; or
(b)
a resident letting agent who performs, for the payment of a commission, a service of letting lots or collecting rents.
(2)
The property agent or resident letting agent must not claim commission worked out on an amount more than the actual sale price of the property, the actual rental for the property being let or the actual amount of rent collected.Maximum penalty—200 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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