Singapore legislation
Regulation 3
Regulation 3
Exemptions
Subregulation 1
A manager of a real estate investment trust (R) is exempted from Parts III and IV of the Act, and the Estate Agents (Estate Agency Work) Regulations 2010 (G.N. No. S 644/2010), in respect of estate agency work performed for the trustee of R in relation to —
the acquisition by the trustee of a property which is to be held by that trustee for R; or
the disposition by the trustee of the whole or entire interest in a property held by that trustee for R.
Subregulation 2
An employee or a representative of a manager of a real estate investment trust mentioned in sub‑paragraph (1) is exempted from Parts III and IV of the Act, and the Estate Agents (Estate Agency Work) Regulations 2010, only in respect of anything done on behalf of or on the instructions of the manager if, and only if, the thing done by the employee or representative relates to estate agency work that is exempted under sub‑paragraph (1).