Outline the requirements for this section?

154 Beneficial interestoptions (1) This section applies to property placed by a person (client) with a property agent for sale. (2) The property agent commits an offence if the agent obtains from the client an option to purchase the property in which the agent has a beneficial interest. Maximum penalty200 penalty units or 3 years imprisonment. (3) A real estate salesperson employed by the real estate agent commits an offence if the salesperson obtains from the client an option to purchase the property in which the salesperson has a beneficial interest. Maximum penalty200 penalty units or 3 years imprisonment. (4) The property agent must not sell the property if the agent obtains a beneficial interest in an option to purchase the property. Maximum penalty200 penalty units or 3 years imprisonment