18. From 1 August 1994, a natural person applying for a certificate for a real estate broker or agent restricted to loans secured by immovable hypothec is exempted from the obligations provided for in sections 10, 14 and 20, where he applies for such certiticate within 2 years following(1) the expiry or relinquishment of his certificate for a real estate broker or agent restricted to loans secured by immovable hypothec;
(2) where applicable, the time when he ceased to act as the representative of a partnership or legal person;
(3) where applicable, the end of his term as syndic or assistant syndic if, at the time of his appointment to such office under section 119 of the Real Estate Broker’s Act, he held a certificate for a real estate broker or agent restricted to loans secured by immovable hypothec.