136 Disclosure of other benefits that licensee stands to gain from transaction


A licensee who carries out real estate agency work in respect of a transaction must disclose in writing to every prospective party to the transaction whether or not the licensee, or any person related to the licensee, may benefit financially from the transaction.


Subsection (1) does not apply to any matter disclosed under section 128 or 134.


The licensee must make the disclosure required by subsection (1) before or at the time that the licensee provides the prospective party with any contractual documents that relate to the transaction.


For the purposes of this section, an agent does not benefit financially from a transaction merely because of any commission payable to the agent under an agency agreement in respect of the transaction.


A contract entered into in contravention of this section may not be cancelled merely because of that contravention.