127 Approved guide to be provided before agency agreement for residential property signed
  • (1) An agent must not enter into an agency agreement with a person for the sale of residential property unless the agent or a licensee on the agent’s behalf—

    • (a) has provided the person with a copy of the approved guide before the agreement is signed by or on behalf of the person; and

    • (b) has received a signed acknowledgment from the person that the person has been given the approved guide.

    (2) In this section—

    approved guide means a guide that—

    • (a) is about the sale of residential property:

    • (b) has been approved by the Authority for the purposes of this section

    residential property does not include any property that—

    • (a) has been developed with other properties in a continuous area; and

    • (b) is proposed to be sold or otherwise disposed of by a vendor who also proposes to sell or otherwise dispose of, or who has sold or otherwise disposed of, some or all of those other properties.

    (3) A contravention of this section does not affect the validity of the agency agreement.

    Compare: Property, Stock and Business Agents Act 2002 s 56 (NSW)