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Third
Session, 46th General Assembly 59
Elizabeth II, 2010 |
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AN ACT TO AMEND THE REAL ESTATE TRADING ACT |
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Received and Read the First Time................................................................................................... |
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Second |
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Committee............................................................................................................................................ |
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Third |
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Royal Assent...................................................................................................................................... |
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HONOURABLE
HARRY HARDING Minister
of Government Services |
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Ordered
to be printed by the Honourable House of Assembly |
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EXPLANATORY NOTES This Bill would amend the Real Estate Trading Act to remove the business of real property management from the application of the Act. The Bill would ˇ remove real property management and the collection of rent for others from the definition of "trade" or "trading"; and ˇ confirm that the Act does not apply to real property management. |
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A BILL AN ACT TO AMEND THE REAL ESTATE TRADING ACT Analysis 1.
S.2 Amdt. 2. S.4 Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cR-2 1. Paragraph 2(k) of the Real Estate Trading Act is amended by (a) adding the word "and" at the end of subparagraph (ii); (b) deleting the comma and the word "and" at the end of subparagraph (iii) and substituting a period; and (c) deleting subparagraph (iv). 2. Section 4 of the Act is amended by deleting the word "or" at the end of paragraph (d), and by adding immediately after that paragraph the following: (d.1) a person in the business of property management who arranges a lease or rental agreement; or ŠEarl G. Tucker, Queen's Printer |