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S.M. 1996, c. 5
THE REAL ESTATE BROKERS AMENDMENT ACT
(Assented to June 6, 1996)
HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:
1 The Real Estate Brokers Act is amended by this Act.
2 Subsection 26(1.7) is repealed and the following is substituted:
26(1.7) Interest received by the commission under subsection (1.2) shall be held by the commission in an interest-bearing account and may be used in such proportions as the commission may determine
(a) to meet the costs of commissioning;
(b) to provide funding for educational programs relating to the real estate industry and the objectives of the Act;
(c) to provide funding for not-for-profit initiatives to promote affordable home ownership and area revitalization; and
(d) to provide funding for other programs that the commission may authorize in furtherance of the objectives of the Act.
3 This Act comes into force on the day it receives royal assent.