Victorian Consolidated Legislation

Estate Agents Act 1980 - SECT 29B

Duties of agents and officers in effective control

29B. Duties of agents and officers in effective control



(1) This section applies to a natural person-

   (a)  who is a licensed estate agent who carries on an estate agency
        business; or

   (b)  who is an officer in effective control of the estate agency business
        of a corporation.

(2) The person must-

   (a)  be regularly and usually in charge at the principal office of the
        estate agent; and

   (b)  give regular and substantial attendance at that office; and

   (c)  properly control and supervise any estate agency business carried on
        by the agent or for which the person is responsible; and

   (d)  take reasonable steps to ensure that any estate agents, agents'
        representatives or other employees of the business comply with the
        provisions of this Act, the Sale of Land Act 1962 and any other laws
        relevant to the conduct of the business while they are engaged in that
        business; and

   (e)  establish procedures designed to ensure that the business is conducted
        in accordance with the law and good estate agency practice; and

   (f)  monitor the conduct of the business in a manner that will ensure, as
        far as is practicable, that those procedures are complied with; and

   (g)  properly control and supervise the management of any branch office of
        the estate agency business.

Penalty: 25 penalty units.