1. A person who, on 30 April 2010, holds a chartered real estate broker’s certificate, chartered real estate agent’s certificate or affiliated real estate broker’s certificate issued by the Association des courtiers et agents immobiliers du Québec under the Real Estate Brokerage Act (chapter C-73.1), and who, on that date, represents a partnership or a legal person that holds a chartered real estate broker’s certificate, in accordance with section 7 of that Act, or manages an establishment or acts as an assistant to that person who manages an establishment, in accordance with section 13 of that Act, is deemed to have the competence in management of professional activities of brokers and agencies required to be an executive officer of the agency under the Real Estate Brokerage Act (chapter C-73.2).