Notes

Some Known Details About Become a REALTOR - Dean Crocker - Newfoundland Real


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<p class="p__0">by 2010 c25 s1] RSN1970 c326 s2; 1973 No39 Sch C; 1975-76 No58 s4; 1977 c26 s1; 1996 c35 s53; 2010 c25 s1 PART IREAL ESTATE POLICY (1 )The Lieutenant-Governor in Council will select a Superintendent of Property Agents and Salespersons to administer and implement this Act and the policies.</p>
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<p class="p__1">( 3) For the purpose of bring out his or her powers and duties under this Act the superintendent has the powers, benefits and resistances that are or might be conferred on a commissioner under the general public Inquiries Act. 1977 c26 s3 This Act will not use to (a) an assignee, custodian, liquidator, receiver, trustee or other person acting under a statute of Canada or of the province, a person acting under an order of a court, or an administrator of an estate or an executor or trustee selling under the regards to a will, marital relationship settlement or deed of trust; (b) a bank, loan, trust or insurance provider trading in property in the regular course of its service; (c) an individual who finishes not more than 3 trades in a calendar year in property owned by him or her or in which that person has a significant interest, or a person who leases property owned by that person, or in which that person has a considerable interest; (d) a person who holds a legitimate certificate of the Law Society of Newfoundland entitling that person to practise as a lawyer in the province and who sells realty in the course of and as part of his or her practice; (d.</p>
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<p class="p__2">RSN1970 c326 s4; 1977 c26 s4; 2010 c25 s2 (1 )The superintendent might provide to a person (a) a licence to be understood as an agent's licence, licensing that person to sell genuine estate as a licensed agent; (b) a licence to be called a sales representative's licence, authorizing that individual to serve as the sales representative of a certified agent; (c) without evaluation, a licence to be known as a restricted representative's licence, licensing that individual to sell realty on his or her own behalf; or (d) without assessment, a licence to be referred to as a restricted salesperson's licence, authorizing that person to act as the sales representative of a person who holds a limited agent's licence.</p>
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