Australian Capital Territory Consolidated Regulations

AGENTS REGULATION 2003 - REG 8B

    (1)     This section applies to an unqualified real estate salesperson if—

        (a)     the person is employed by a licensed real estate agent to provide commercial real estate agent services to a single customer; and

        (b)     the employer carries on business as a real estate agent only for the customer; and

        (c)     both the employer and the customer are corporations; and

        (d)     the employer is, under the Corporations Act—

              (i)     a subsidiary of the customer; or

              (ii)     related to the customer; or

              (iii)     an entity associated with the customer.

    (2)     The commissioner for fair trading may register the person as a real estate salesperson on condition that the registration ends if any of the circumstances mentioned in subsection (1) change.

    (3)     This section does not apply to a person to whom section 8A applies.

    (4)     In this section:

"commercial real estate agent service "means a real estate agent service that does not relate to residential property.

"residential property"—see the Civil Law (Sale of Residential Property) Act 2003 , section 8.