April 16, 1992 - 11:00 a.m. 1992

CHAPTER

An Act to amend The Real Estate Brokers Act, 1987 (Assented to July 31, 1992) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Saskatchewan, enacts as follows:

Short title This Act may be cited as The Real Estate Brokers Amendment Act, 1992. S.S. 1986-87-88, c.R-2.1 amended The Real Estate Brokers Act, 1987 is amended in the manner set forth in this Act.

Section amended Clause 2(

t) is amended by adding the following subclause after subclause (ii): A(ii.1) an offer to purchase, lease, exchange, option or rent real estate@. New

section 35.1 The following

section is added after

section 35: Claims on fund A35.1 A claimant is not entitled to be paid from the fund where: (

a) the claim arises out of a trade in real estate that occurred on a day that is more than 90 days after the date on which the registration of the broker against whom the claim is made was terminated pursuant to the Act, whether by expiry, suspension or cancellation; (

b) the notice of claim is received by the commission after the maximum amount from the fund has been disbursed; or (

c) the claim arises out of a trade in real estate that occurred on a day that is more than two years from the date on which the notice of claim is received by the commission@. Coming into force This Act comes into force on the day of assent.