O. Reg. 91/06: Transitional matters - Code of Ethics, REAL ESTATE AND BUSINESS BROKERS ACT, 2002
ontario regulation 91/06
made under the
real estate and business brokers act, 2002
Made: March 27, 2006
Filed: March 28, 2006
Published on e-Laws: March 29, 2006
Printed in The Ontario Gazette: April 15, 2006
transitional matters — Code of Ethics
Transitional
1. (1) The board of the administrative authority designated under the Safety and Consumer Statutes Administration Act, 1996 to administer the Act may, with the prior approval of the Minister,
(a) pass by-laws to establish a code of ethics that applies to a registrant for conduct before March 31, 2006 and to establish any process relating to that conduct; and
(b) require a registrant, to whom the code of ethics mentioned in clause (a) applies, to comply with the code of ethics and to participate in the process mentioned in that clause.
(2) Despite the repeal of section 46.1 of the Real Estate and Business Brokers Act, a by-law of the Real Estate Council of Ontario, or the part of the by-law, passed under that section before March 31, 2006 to establish a code of ethics that applies to a registrant for conduct before March 31, 2006 and to establish any process relating to that conduct is continued as a by-law passed under clause (1) (a).
(3) If the code of ethics mentioned in clause (1) (a) applies to a registrant, the registrant shall comply with every order of a committee that is part of the process mentioned in that clause, if the order applies to the registrant.
Revocation
2. This Regulation is revoked on March 31, 2011.
Commencement
3. This Regulation comes into force on March 31, 2006.