55A
CurrentProhibition on charging or retaining of commission
Part IVAgents and agents' representatives
55A Prohibition on charging or retaining of commission
S. 55A inserted by No. 36/2011 s. 4.
(1)
This section applies if an estate agent is found guilty of an offence against section 55(1) in relation to the sale of real estate or a business that the estate agent is commissioned by a principal to sell.
(2)
The estate agent must not charge commission to, and must repay commission paid by, the principal in respect of the sale of that real estate or business.
This Act’s bill:Second reading speech
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