For the purposes of this Act, a licensee is guilty of unsatisfactory conduct if the licensee carries out real estate agency work that—
falls short of the standard that a reasonable member of the public is entitled to expect from a reasonably competent licensee; or
contravenes a provision of this Act or of any regulations or rules made under this Act; or
is incompetent or negligent; or
would reasonably be regarded by agents of good standing as being unacceptable.