New South Wales Consolidated Acts

PROPERTY, STOCK AND BUSINESS AGENTS ACT 2002 - SECT 11

11 Registered salespersons and managers required to be employed and supervised by licensee

(1) The holder of a certificate of registration must not act as or exercise any of the functions of a real estate salesperson, stock and station salesperson, business salesperson or registered manager unless the person does so as an employee of the holder of a licence under this Act.

(2) The holder of a certificate of registration must not exercise any of the functions of a real estate salesperson, stock and station salesperson, business salesperson or registered manager unless he or she does so under the supervision of a person who:

(a) is the licensee in charge of the place of business at which the employee is employed, and

(b) is the holder of a licence that allows the licensee to exercise that function without contravening this Act.

(3) The holder of a certificate of registration must not act as an auctioneer.

(4) Despite subsection (3), the holder of a certificate of registration as a stock and station salesperson may auction livestock if the holder conducts the auction as an employee, and under the immediate and direct supervision, of the holder of the appropriate licence (as referred to in subsections (1) and (2)).

Maximum penalty: 50 penalty units.