Property managers to be registered
6AB Property managers to be registered
A person must not act as a property manager for an agent unless the person—
is registered as an agent under this Act; or
is registered as a sales representative under this Act, is additionally registered as a property manager and is acting as an employee engaged by the agent under a contract of service; or
is registered as a property manager under this Act and is acting as an employee engaged by the agent under a contract of service. Maximum penalty: Maximum penalty: $20 000.
For the purposes of subsection (1), a person acts as a property manager for an agent if the person—
is or remains in the service of the agent as a property manager;
or
holds himself or herself out as a property manager for the agent;
or
performs any of the functions of a property manager on behalf of the agent.
An agent must not engage another person to perform any of the functions of a property manager in the course of the agent's business unless the other person—
is registered as an agent under this Act; or
is registered as a sales representative under this Act, is additionally registered as a property manager and is engaged by the agent as an employee under a contract of service; or
is registered as a property manager under this Act and is engaged by the agent as an employee under a contract of service. Maximum penalty: Maximum penalty: $20 000.
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