Triennial certificates, contents of
39 Triennial certificates, contents of
Each place of business of a licensee and the name of the other licensee who is manager of that place and any changes thereto shall be endorsed on the triennial certificate of the first‑mentioned licensee.
The place of business of a branch office shall be endorsed on the triennial certificate of the licensee who is manager of that office.
40. Licence and triennial certificate not transferable etc.
A person shall not —
hold more than one real estate settlement agent’s licence or more than one triennial certificate relating thereto and shall not carry on more than one business as a real estate settlement agent under that certificate; or
hold more than one business settlement agent’s licence or more than one triennial certificate relating thereto and shall not carry on more than one business as a business settlement agent under that certificate.
A licence or a triennial certificate is not transferable.
A licensee shall not in any way permit, or hold himself out as being willing to permit, another person to use the licence or a triennial certificate of the licensee.
Penalty for this subsection: a fine of $100 000.
[Section 40 amended: No. 59 of 1995 s. 85; No. 25 of 2019 s. 88.]
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