Last Updated: 1 April 2022

[REA 51] Powers of Board in respect of application for approval for branch manager51 

51
(1) If, after consideration of an application made under section 49, the Board is satisfied—
  • (a)that the proposed branch manager is, under section 50, eligible to hold, and is not disqualified from holding, a certificate of approval as a branch manager; and
  • (b)that, having regard to the interests of the public, the proposed branch manager is a fit and proper person to be employed as a branch manager by a real estate agent, the Board shall, on payment of the prescribed fee (if any), issue to the applicant a certificate of approval.
(2) If the Board is not so satisfied, it shall appoint a time and place for hearing the application, and shall give at least 14 days’ notice of the hearing to the applicant.
(3) In any case to which subsection (2) applies, the person in respect of whom the application is made shall be entitled to appear and be heard as a party to the application.
(4) If, after hearing an application, the Board is satisfied of the matters specified in subsection (1)(a) and (b), it shall, on payment of the prescribed fee (if any), issue to the applicant a certificate of approval.
(5) Where the Board is not so satisfied it shall not issue a certificate of approval to the applicant unless ordered to do so by the Minister under section 80(2).
(6) Sections 44 to 47 shall apply with any necessary modifications to a certificate of approval as a branch manager granted under this section as they apply to a certificate of approval as a salesperson.
(7) A certificate of approval issued under this section shall authorise the employment or engagement of the person named in it as the branch manager of any branch office.