Acts and Regulations

2011, c.215 - Real Estate Agents Act

Full text
Representation or promise
42(1)Subject to subsection (2), no licensee, as an inducement to purchase, sell, lease or exchange real estate, shall make a representation or promise that the licensee or any other person will
(a) resell or exchange, or in any way guarantee or promise to sell or exchange, real estate offered for sale by the licensee,
(b) purchase, sell or exchange any of the purchaser’s real estate,
(c) procure a mortgage, extension of a mortgage, lease or extension of a lease, or
(d) purchase or sell a mortgage or procure a loan.
42(2)A licensee may make a representation or promise referred to in subsection (1) if, at the time of making the representation or promise, the person making it delivers to the person to whom the representation or promise is made a signed statement clearly setting out all the details of the representation or promise made.
1983, c.75, s.26
Representation or promise
42(1)Subject to subsection (2), no licensee, as an inducement to purchase, sell, lease or exchange real estate, shall make a representation or promise that the licensee or any other person will
(a) resell or exchange, or in any way guarantee or promise to sell or exchange, real estate offered for sale by the licensee,
(b) purchase, sell or exchange any of the purchaser’s real estate,
(c) procure a mortgage, extension of a mortgage, lease or extension of a lease, or
(d) purchase or sell a mortgage or procure a loan.
42(2)A licensee may make a representation or promise referred to in subsection (1) if, at the time of making the representation or promise, the person making it delivers to the person to whom the representation or promise is made a signed statement clearly setting out all the details of the representation or promise made.
1983, c.75, s.26