REIQ Best Practice Guidelines v03.23 - Flipbook - Page 8
Definitions & Icons
Definitions
In these Guidelines, the following definitions apply unless expressly stated otherwise:
a)
b)
c)
Agent means a property agent or resident letting agent as defined under the PO Act;
Agency Law means Property Occupations Act 2014 (Qld) and Property Occupations Regulation 2014 (Qld);
Appointment means a valid appointment of a Member to provide services in accordance with the PO Act and in the
required form;
d) Auctioneer means an auctioneer licensed in accordance with section 14 of the PO Act;
e) Client means the person or body corporate that appoints a Member to represent their interests in a real estate or business
transaction or manage real estate on their behalf;
f) Consumer means a person or body corporate that transacts with a Member but does not retain their services;
g) Guidelines means the Best Practice Guidelines published by the Institute;
h) Institute means The Real Estate Institute of Queensland Ltd (ABN 49 009 661 287);
i) Legal Practitioner means an Australian Legal Practitioner in accordance with the Legal Profession Act 2007 (Qld);
j) Listed Agent means the Agent holding an Appointment;
k) Member (includes Members) means a business entity or person whose name is entered in the Register as a Member of the
Institute;
l) PO Act means the Property Occupations Act 2014 (Qld);
m) PO Form 6 means the prescribed Property Occupations Act Form 6;
n) Realworks means the real estate forms platform operated by the Institute;
o) Register means the register of Members of the Institute which is maintained under the Corporations Act 2001;
p) REIQ By-laws means the By-laws of the Institute registered under the Corporations Act 2001;
q) REIQ Constitution means the Constitution of the Institute; and
r) Statute Law means any law under Commonwealth legislation or Queensland legislation, including the Property Occupations
Act 2014 (Qld) and the Property Occupations Regulation 2014 (Qld).
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REIQ BEST PRACTICE GUIDELINES
V08.23
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