ONTARIO REGULATION 323/00

made under the

REAL ESTATE AND BUSINESS BROKERS ACT

Made: May 31, 2000
Filed: June 5, 2000

Amending Reg. 986 of R.R.O. 1990

(General)

Note: Since the end of 1998, Regulation 986 has been amended by Ontario Regulation 83/99.  Previous amendments are listed in the Table of Regulations in the Statutes of Ontario, 1998.

1. Subsections 1 (1) and (2) of Regulation 986 of the Revised Regulations of Ontario, 1990 are revoked and the following substituted:

(1) An application for registration as a broker or a renewal of the registration shall be accompanied by the applicable fee set out in section 11 and shall be in a form provided by the Real Estate Council of Ontario.

(2) An application for registration as a salesperson or a broker who is employed by another broker or a renewal of the registration shall be accompanied by the applicable fee set out in section 11 and shall be in a form provided by the Real Estate Council of Ontario.

2. (1) Sections 2, 2.1 and 3 to 10 of the Regulation are revoked.

(2) Despite subsection (1), subsections 2 (2) to (5) and sections 2.1 and 3 to 10 of the Regulation, as they read immediately before this Regulation comes into force, continue to apply to bonds that have not been cancelled by that date.

3. Subsection 13 (6) of the Regulation is revoked.

4. Forms 1, 2 and 3 of the Regulation are revoked.

5. This Regulation comes into force on September 1, 2000.