Property Agents and Land Transactions Act 2016

The Code of Conduct is to contain guidance on what does or does not constitute unsatisfactory professional conduct and professional misconduct.

The Code is to specify, in particular, the obligation that a real estate agent named in Part 1(1) of the Register, a property manager named in Part 2(1) of the Register or a general auctioneer named in Part 3(1) of the Register has to supervise people employed by the agent, manager or auctioneer, and the agent’s, manager’s or auctioneer’s liability in the event of their failure to carry out that obligation.

A failure on the part of a property agent to observe a provision of the Code does not of itself render the property agent liable to disciplinary action, but the failure may be relied upon as tending to establish that the property agent was guilty of unsatisfactory professional conduct or professional misconduct.