reg 3

Terms used

In force

(1)

In this code, unless the context otherwise requires —

Act means the Real Estate and Business Agents Act 1978;

agent means a licensed agent;

client —

(a)

of an agent or sales representative, includes, where the context permits, a prospective client; and

(b)

of a sales representative, includes a client of a licensee or developer, who is the employer, principal or partner of the sales representative;

commission includes a fee, charge or other remuneration, whether monetary or otherwise;

regulations means the Real Estate and Business Agents (General) Regulations 1979;

transaction includes the negotiation of a transaction.

(2)

A term has the same meaning in this code as it has in the Act unless the contrary intention appears in this code.

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