Australian Capital Territory Numbered Regulations

AGENTS REGULATIONS 2003 (NO 38 OF 2003) - REG 15

    (1)     An agency agreement must comply with schedules 3 to 7.

    (2)     The schedules apply as follows:

        (a)     schedule 3 applies to all agency agreements (in addition to any other schedule that may be applicable to the agreement);

        (b)     schedule 4 applies to an agency agreement under which the agent will act for the seller on the sale of residential property;

        (c)     schedule 5 applies to an agency agreement under which the agent will act for the buyer on the purchase of land;

        (d)     schedule 6 applies to an agency agreement under which the agent will act for the seller on the sale of rural land;

        (e)     schedule 7 applies to an agency agreement under which the agent will act for the seller on the sale of a business or professional practice.

    (3)     A reference in schedules 3 to 7 to property (other than as a reference to residential property) includes a reference to land.

    (4)     An agency agreement must not contain anything inconsistent with the requirements of this part, but this regulation does not otherwise limit the terms that an agency agreement may contain.

Part 6     Miscellaneous