Chapter IV REGISTRATION OF MIDDLEMEN OR ESTATE AGENTS

Registration of Middlemen or Estate Agents.-

1. (1) Every Middleman or Estate Agent by whatever name called who is engaged in brokerage of houses shall register his name with the Controller of the area in which he is so engaged in such manner and within such period and on payment of such fee, as may be prescribed.
2. (2) A middleman or Estate Agent shall be entitled for commission at such rate as may be prescribed.
3. (3) Every Middleman or Estate Agent shall renew his registration within such time and on payment of such fee as may be prescribed.

Middlemen or Estate Agents to file information and returns.-

1. (1) Every middleman or Estate Agent carrying on business in any area from prior to the date of application of this chapter to that area, shall within thirty days from the date of application of this part submit to the Controller, a statement in the prescribed form showing his name, place of business and area of activity.
2. (2) Every Middleman or Estate Agent shall within ten days from the last day of each quarter of every calendar year file return in such form and in such manner as may be prescribed, to the Controller giving details of every transaction handled by him during the quarter, and the brokerage or commission received by him in each case.

Limitation of liability of middleman.- No Middleman or Estate Agent shall be liable to pay to his principal in respect of any premises any sum by way of rental charges which exceeds the amount which he is entitled to receive under this Act, from the tenant or tenants of the premises.