New South Wales Consolidated Regulations

PROPERTY AND STOCK AGENTS REGULATION 2014 - REG 7

7 Rules of conduct

(1) The rules set out in Schedules 1-3 and 6 are prescribed for the purposes of section 37 of the Act as rules of conduct to be observed in the course of the carrying on of business or the exercise of functions under a licence or certificate of registration, with those Schedules applying as follows--

(a) Schedule 1 applies to all agents and assistant agents (in addition to any other Schedule or Schedules that may be applicable to the particular agent or assistant agent),

(b) Part 1 of Schedule 2 applies to real estate agents and assistant real estate agents who perform real estate sales or leasing functions in relation to the sale or purchase of land or business agent functions,

(c) Part 2 of Schedule 2 applies to real estate agents and assistant real estate agents who perform real estate sale or leasing functions in relation to the lease of land or on-site residential property manager functions,

(d) Schedule 3 applies to stock and station agents and assistant stock and station agents,

(e) Schedule 6 applies to strata managing agents and assistant strata managing agents.

(2) A reference to an
"agent" in Schedules 1-3 or 6 includes a reference to a assistant agent to whom the Schedule applies.

(3) A reference to a
"business" in Schedule 1 includes a reference to a professional practice.