What is the maximum fine for committing unlicensed activities?
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Unlicensed workUnlicensed property agent work is against the law.
Dealing with licencesSerious offencesWe will cancel your licence if you’re convicted of:
You will have 14 days to return your licence to us. The maximum fine for failing to do so is $14,375.00. Change of detailsYou must advise us in writing within 14 days about any changes to:
The maximum fine for failing to do so is $14,375.00. Produce licence on request
Substitute licenseeYou must follow the rules when appointing a substitute licensee. If you do not, you risk being fined.
Person in charge
DocumentationYou must make sure that you:
Appointment
Supply of documents
Disclosure
Commission
Trust account offencesIt is in an offence to steal or misuse trust monies. You risk a fine and imprisonment if you break the law. Trust money
Audit reports
Offences by auditors
Inspector's powersInspectors have the legal authority to make sure that you don’t break the law. You must follow their lawful directions, or you risk a fine.
Enforceable undertakingAn enforceable undertaking is:
Find out more about enforceable undertakings Last updated:5 July 2022 What is the penalty for a breach of NSW agent rules of conduct?monetary penalty – impose a fine of no more than $11,000 for an individual, and $22,000 for a corporation.
Which act legislates real estate appraisals and penalties that could apply when these are breached Qld?PROPERTY OCCUPATIONS ACT 2014 - SECT 97.
What types of breaches would lead to a disciplinary action in real estate Victoria?Serious offences. violent offences (including threats to use violence). fraud or dishonesty offences.. drug trafficking.. extortion.. arson.. unlawful stalking.. an offence of a sexual nature.. What is estate agents Act Singapore for?The Estate Agents (Amendment) Act 2020 was passed by Parliament on 5 May 2020 and is operational as of 30 July 2021. The EAA amendments aim to: a) Better deter errant real estate salespersons and estate agents from committing disciplinary breaches.
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