(1) The Act, section 28 (Advertising intended licence applications) and section 29 (1) (Licence applications) do not apply to a person applying for a real estate agents licence to only act as an owners corporation managing agent.
(2) The Act, section 45 (Real estate salespeople must be registered) does not apply to a person employed by a licensed real estate agent if––
(a) the person only provides services in relation to the management of an owners corporation; or
(b) the real estate agent is licensed to only act as an owners corporation managing agent.