Licensee’s triennial certificate: grant and renewal
31 Licensee’s triennial certificate: grant and renewal
Subject to this Act, the Commissioner shall on the grant of —
a real estate settlement agent’s licence, grant the licensee a certificate which confers on the licensee the right to carry on business as a real estate settlement agent; or
a business settlement agent’s licence, grant the licensee a certificate which confers on the licensee the right to carry on business as a business settlement agent,
for the period of 3 years commencing on the date on which it is granted.
Subject to this Act, a triennial certificate may be renewed for subsequent periods of 3 years each by payment of the prescribed fee, and delivery to the Commissioner of an application signed —
by the licensee, if the licensee is an individual; or
by the person in bona fide control of the business of the licensee, if the licensee is a firm or body corporate.
The Commissioner must not renew a licensee’s triennial certificate unless the Commissioner is satisfied of the matters in —
for an individual — section 27(1)(b), (c), (d) and (e); or
for a firm — section 28(1)(a), (b), (c) and (d); or
for a body corporate — section 29(1)(a), (b), (c) and (d).
At all times during the currency of the triennial certificate —
if the licensee is an individual, the individual; or
if the licensee is a firm or body corporate, the person in bona fide control of the business of the licensee,
shall remain ordinarily resident in the State.
[Section 31 amended: No. 62 of 1996 s. 4; No. 58 of 2010 s. 176; No. 23 of 2014 s. 101; No. 25 of 2019 s. 77.]
This provision refers to the regulations (prescribed fee
). Made under this Act:
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