Conditions of exemption for auctioneers from Part 1 of the Real Estate Act

1  An auctioneer is exempt from Part 1 of the Real Estate Act in respect of an auction of real estate provided that

(a) the auctioneer does not

(i)  discuss with or provide information to prospective purchasers about the real estate or any aspect concerning its disposition, other than to explain the procedures for the conduct of the auction, or

(ii)  show the real estate,

(b) all advertising of the auction specifies

(i)  the name of the vendor of the real estate, if no licensee acts on the vendor's behalf in that matter, and the means by which the vendor may be contacted for information about the real estate, or

(ii)  the name of the licensee, if a licensee acts on the vendor's behalf in the matter, and the means by which the licensee may be contacted for information about the real estate, and

(c) no deposit or other money payable by the purchaser respecting the purchase of the real estate is paid to the auctioneer.