Section 22B
Estate agency practice
of Valuers, Appraisers and Estate Agents Act 1981
Subject to the provisions of this Act, a registered estate agent who has been issued with an authority to practice by the Board shall be entitled to practise his profession and shall be authorized to undertake estate agency practice.
(1A)
A person undertakes estate agency practice if he acts as an agent, or holds himself out to the public or to any individual or firm as ready to act as an agent, for a commission, fee, reward or other consideration—
(a)
in respect of any sale or other disposal of land and buildings and of any interest therein;
(b)
in respect of any purchase or other acquisition of land and buildings and of any interest therein;
(c)
in respect of any leasing or letting of land and buildings and of any interest therein;
(d)
in making known of the availability of land, building, or any interest therein for such sale or disposal, purchase or acquisition, or leasing or letting referred to in paragraph (a), (b) or (c), as the case may be; and
(e)
in respect of any tenancy administration including rental collection, payment of outgoings, arrangement for minor repairs and handing over and taking over the possession of a property of any land and buildings and of any interest therein.
(1B)
Subject to subsection (2), no registered estate agent shall carry on property management.
(2)
Notwithstanding subsection (1B), the Board may permit a registered estate agent to carry on property management—
(a)
if he was permitted to do so before the coming into force of subsection (1B); and
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(b)
subject to the same conditions and restrictions that the Board may have imposed upon him before the coming into force of subsection (1B).