Singapore legislation
Section 38
Section 38
Appointment and duties of key executive officer
(1)
An estate agent must appoint a key executive officer and must ensure that the key executive officer is responsible for the proper administration and overall management of the business of the estate agent, and the supervision of its salespersons.
(2)
No person may be appointed under subsection (1) or continue to be appointed as such unless he or she —
is not a salesperson or key executive officer of any other licensed estate agent and he or she does not hold a licence as any other estate agent; and
does not hold and is not an employee, a director or a partner of a person who holds a moneylender’s licence.
(3)
A key executive officer must possess such qualifications and satisfy such requirements as may be prescribed.
(4)
A key executive officer must carry out the duties mentioned in subsection (1) and must be contactable by the Council and salespersons of the estate agent at all reasonable times.
(5)
If a vacancy occurs in the post of key executive officer by reason of the death, resignation or revocation of appointment of the key executive officer, the estate agent must —
within one week of the key executive officer ceasing to carry out his or her duties — notify the Council of that fact; and
within one month of the key executive officer ceasing to carry out his or her duties — appoint another key executive officer in accordance with subsection (1).