REAL ESTATE AND BUSINESS AGENTS ACT 1978 - SECT 40
REAL ESTATE AND BUSINESS AGENTS ACT 1978 - SECT 40
40 . Business names, use of by licensees
(1) The use of a
business name by a licensee is not subject to the approval of the Commissioner
but —
(a)
subject to subsection (2), a licensee may carry on business as an agent under
only one business name which shall be endorsed on his triennial certificate;
and
(b) all
licensees carrying on the business of an agent under a business name shall
have their surnames and initials on all correspondence from them in that
business.
(2) A licensee who
was, immediately before the appointed day 2 carrying on business as a real
estate agent under a business name and as a business agent under another
business name may continue to do so but so that he uses only one business name
for the business of a real estate agent and only one business name for the
business of a business agent, in which case both business names shall be
endorsed on his triennial certificate.
(3) A licensee who
alters the name, style, title, or designation under which he carries on
business as an agent shall within 14 days after the day on which he first uses
that altered name, style, title, or designation in connection with that
business give notice in writing to the Commissioner of the altered name,
style, title, or designation.
Penalty: $1 000.
[Section 40 amended: No. 43 of 1994 s. 11; No. 58
of 2010 s. 134.]