(1) The chief executive may require a real estate salesperson to produce the salesperson's registration certificate for amendment or replacement within a stated period of not less than 14 days if the chief executive intends to—
(a) amend the conditions of the certificate under section 138; or
(b) replace the certificate under section 147(5).
(2) The holder must comply with a requirement under subsection (1), unless the holder has a reasonable excuse.
Maximum penalty for subsection (2)—100 penalty units.