The functions of the Board are, for the protection of the public, to ensure acceptable standards of conduct by auctioneers, real estate agents and property manager and people engaged by auctioneers, real estate agents and property managers. The Act states these duties as being: -

• To maintain the Register in accordance with the Act to ensure that only people who have the necessary experience and qualifications to do so, and are not otherwise unfit to do so, are permitted to act as property agents; and
  
  
• To administer the approval of qualifications held by people to ensure that only those that have the prescribed qualifications to do so, and are not otherwise unfit to do so, are permitted to act as property agents; and
  
  
• To ensure that property agents comply with the requirements of this Act relating to their conduct in carrying on their businesses or in carrying out their functions and, where they fail to do so, to take appropriate disciplinary action to protect the public and to discourage such conduct; and
  
  
• To ensure that people who are not permitted under this Act to do so do not act as property agents; and
  
  
• To develop and ensure compliance with a Code of Conduct for property agents; and
  

• To receive, investigate and determine complaints against property agents; and
  
  
• To supervise the trust accounts of real estate agents named in Part 1(1) of the Register, property managers named in Part 2(1) of the Register and general auctioneers named in Part 3 of the Register; and
  
  
• To advise property agents on appropriate standards of conduct; and
  
  
• To monitor, identify and report to the Minister trends and issues that emerge within the property agents industry; and
  
  
• To carry out educational functions in relation to the property agents industry; and
  
  
• To advise the Minister on matters relating to this Act including its efficacy and on any other matters relevant to the Board's functions or to the property agents industry; and
  
  
• To carry out any other function imposed on the Board by this or any other Act.