Real Estate Agents Act 2008

128 Agency agreement must disclose rebates, discounts, and commissions

• (1) An agent is not entitled to any expenses from a client for or in connection with any real estate agency work carried out by the agent for the client in connection with a transaction unless the agency agreement under which the agent performs that work contains a statement that—

  • (a) identifies the source of all rebates, discounts, or commissions that the agent will or is eligible to receive in respect of those expenses; and

  • (b) specifies the estimated amount of those rebates, discounts, or commissions (to the extent that the amount can reasonably be estimated).

  (2) This section does not limit the liability of any person under the Secret Commissions Act 1910.

  Compare: Property, Stock and Business Agents Act 2002 s 57(1) (NSW)