Legislation & Information Bulletins > Real Estate Act
Part 6 - General Section 74 - Periodic Inspections
74(1)
The executive director or a person authorized by the
executive director for the purpose may conduct periodic inspections
of the business of an industry member, and for that purpose
(a)
may examine and inquire into
(i) books, papers, documents, correspondence,
communications, negotiations, transactions,
investigations, loans, borrowings and payments to,
by, on behalf of, in relation to or connected with the
industry member, and
(ii) property, assets or things owned, acquired or
alienated in whole or in part by the industry member or by a person acting on behalf of or as agent for that
industry member,
(b)
may at reasonable times demand the production of and
inspect
(i) all or any of the things mentioned in clause (a)(i), and
(ii) all or any documents relating to a transaction in the
business of the industry member,
and
(c)
may copy by electronic or other means, and keep copies
of, anything produced under clause (b).
(2)
A person who has the custody, possession or control of the
things referred to in subsection (1) shall produce and permit the
inspection and copying of them by the executive director or the
person authorized by the executive director.
