New South Wales Consolidated Regulations

PROPERTY, STOCK AND BUSINESS AGENTS REGULATION 2003 - REG 11

11 Rules of conduct

(1) The rules set out in Schedules 1-6A are prescribed for the purposes of section 37 of the Act as rules of conduct to be observed in the course of the carrying on of business or the exercise of functions under a licence or certificate of registration, with those Schedules applying as follows:

(a) Schedule 1 applies to all licensees and registered persons (in addition to any other Schedule or Schedules that may be applicable to particular kinds of licensees or registered persons),

(b) Schedule 2, Part 1, applies to real estate agents and registered persons they employ and Schedule 2, Part 2, applies to real estate agents, registered persons they employ and on-site residential property managers,

(c) Schedule 3 applies to stock and station agents and registered persons they employ,

(d) Schedule 4 applies to business agents and registered persons they employ,

(e) Schedule 5 applies to buyers’ agents and registered persons they employ,

(f) Schedule 6 applies to strata managing agents, community managing agents, on-site residential property managers and real estate agents engaged in property management, and registered persons they employ,

(g) Schedule 6A applies to real estate agents engaged in property management and on-site residential property managers, and registered persons they employ.

(2) In each of Schedules 1-6A, a reference to an agent includes a reference to a registered person to whom the Schedule applies.

(3) In Schedule 4, a reference to a business includes a reference to a professional practice.