C-73.2 - Real Estate Brokerage Act

Section 58 Disposition versions

2018-07-13

58. After consulting the Organization, the Minister appoints six directors who are neither broker’s licence holders nor directors or executive officers of agency licence holders.

The licence holders elect from among their number the other directors of the board; three of the directors must engage mainly in brokerage transactions relating to the contracts referred to in section 23 and the three others must engage mainly in other brokerage transactions. The internal by-laws must prescribe the rules applicable to the election of the directors.

A person may not be appointed or elected a director or remain a director if the person is or becomes a director or executive officer of an association or enterprise whose purpose is to defend the interests of licence holders or franchisers.

A director may not hold any other remunerated position with the Organization.

2008, c. 9, s. 58; 2010, c. 40, s. 20; 2013, c. 18, s. 34; 2018, c. 23, s. 448.

2014-01-01

58. After consulting the Organization, the Minister appoints three directors who are neither brokers nor directors or executive officers of an agency.

The licence holders elect from their number the other members of the board of directors, in the manner set out in the Organization’s internal by-laws, which must include rules aimed at insuring equitable geographical representation and equitable representation of the different categories of broker’s licences.

A person may not be appointed or elected a director or remain a director if the person is or becomes a director or executive officer of an association or enterprise whose purpose is to defend the interests of real estate brokers, agencies or franchisers.

A director may not hold any other remunerated position with the Organization.

2008, c. 9, s. 58; 2010, c. 40, s. 20; 2013, c. 18, s. 34.

2010-12-10

58. After consulting the Organization, the Minister appoints three directors who are neither brokers nor directors or executive officers of an agency.

The licence holders elect from their number the other members of the board of directors, in the manner set out in the Organization’s internal by-laws.

A person may not be appointed or elected a director or remain a director if the person is or becomes a director or executive officer of an association or enterprise whose purpose is to defend the interests of real estate brokers, agencies or franchisers.

A director may not hold any other remunerated position with the Organization.

2008, c. 9, s. 58; 2010, c. 40, s. 20.

2010-05-01

58. After consulting the Organization and various groups in the socioeconomic sector, the Minister appoints three directors who are neither brokers nor directors or executive officers of an agency.

The licence holders elect from their number the other members of the board of directors, in the manner set out in the Organization’s internal by-laws.

A person may not be appointed or elected a director or remain a director if the person is or becomes a director or executive officer of an association or enterprise whose purpose is to defend the interests of real estate brokers, agencies or franchisers.

A director may not hold any other remunerated position with the Organization.

2008, c. 9, s. 58.