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The Real Estate Brokers Amendment Act

This is an unofficial version.
If you need an official copy, contact Statutory Publications.

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:

C.C.S.M. c. R20 amended

1         The Real Estate Brokers Act is amended by this Act.

2         Subsection 26(1.7) is repealed and the following is substituted:

Use of interest

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.

Coming into force

3         This Act comes into force on the day it receives royal assent.