Employment of persons in real estate business
98 Employment of persons in real estate business
A real estate agent must not employ, as a real estate salesperson, a person the agent knows, or ought to know, does not hold a registration certificate.Maximum penalty—200 penalty units.
A real estate agent must not directly engage an independent contractor as a real estate salesperson unless the independent contractor holds a property agent licence.Maximum penalty—200 penalty units.
A principal licensee who is an individual and carries on the business of a real estate agent must not employ, as a real estate salesperson for the business, himself or herself or another individual with whom the principal licensee carries on business as a real estate agent.Maximum penalty—200 penalty units.
A principal licensee that is a corporation and carries on business as a real estate agent must not employ an executive officer of the corporation as a real estate salesperson for the business.Maximum penalty—
for an individual guilty under the Criminal Code, chapter 2 of an offence—200 penalty units; or
for a corporation—1,000 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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