5. A person who applies for an affiliated real estate agent’s certificate before 1 August 1994 is exempted from the obligations provided for in section 1 where he applies for such certificate within 2 years following(1) the expiry or relinquishment of his real estate agent’s permit or of his affiliated real estate agent’s certificate; or
(2) the suspension, by operation of law, of his real estate agent’s permit pursuant to section 7.2 of the Real Estate Brokerage Act (chapter C-73) or of his affiliated real estate agent’s certificate pursuant to section 17 of the Real Estate Brokerage Act (chapter C-73.1).