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Acts and Regulations
2011, c.215
- Real Estate Agents Act
Summary
Regulation
1
Chapter
Title
85-24
General
Full text
Detailled Table of Contents
Current to 1 January 2024
Real Estate Agents Act
1
Definitions
2
Necessity of licence
3
Necessity of corporate applicant to nominate individual to act for purposes of licence
4
Agent’s licence
5
Necessity of licence for each place of business
6
Manager’s licence
7
Office to be supervised by manager
8
Duty of manager
9
Salesperson’s licence
10
Issuance, refusal, suspension, cancellation and expiry of licence
11
Application for licence
12
Signature of Director on licence
13
Address for service
14
Power of Director to require further information
15
Requirement to notify Director
16
Death of licensed agent
17
Death of licensed manager
18
Trust account
19
Payments into trust account
20
Payments out of trust account
21
Agent as trustee in respect of deposit
22
Resolution of dispute respecting deposit
23
Books, records and accounts
24
Maintenance of records
25
Interest on funds in trust or on account
26
Examination of books, records and accounts
27
Association to inspect
28
Association may appoint inspectors
29
Obstruction of inspector
30
Exemptions from application of Act
31
Bonds
32
Power of inquiry of Director
33
Reference by Director to Association
34
Advice to Director by Association
35
Prohibition respecting collection of commission unless licensed
36
Agreement to list real estate and for payment of commission
37
Expiry of listing agreement
38
Disclosure by agent or associate of intention to acquire real estate or an interest in real estate
39
Prohibition respecting inducement of a party to a contract to breach contract
40
Prohibition respecting referral to a solicitor or a lender for a finder’s fee
41
Advertisements
42
Representation or promise
43
Offer and acceptance
43.1
Record-keeping
43.11
False or misleading advertisement
43.12
Compliance review
43.2
Removal of documents
43.21
Misleading statements
43.22
Obstruction
43.3
Provision of information to Director
43.31
Investigation order
43.32
Powers of investigator
43.4
Power to compel evidence
43.41
Investigators authorized as peace officers
43.42
Seized property
43.5
Report of investigation
43.51
Prohibition against disclosure
43.52
Non-compellability
43.6
Offences generally
43.61
Misleading or untrue statements
43.62
Interim preservation of property
43.7
Orders in the public interest
43.71
Administrative penalty
43.8
Directors and officers
43.81
Resolution of administrative proceedings
43.9
Limitation period
43.91
Conflict with the Right to Information and Protection of Privacy Act
44
Offences and penalties
45
Limitation of actions
46
Certificate as evidence
47
Administration
48
Regulations
49
Assets of Real Estate Council
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