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In force2020 Revised Edition

Part 3 · Licensing of Estate Agents and Registration of Salespersons

30. Eligibility of individuals to hold estate agent’s licence

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Subject to the provisions of this Act, an individual is not eligible to be granted or to hold or continue to hold an estate agent’s licence unless —

(a)

the individual has attained 21 years of age or such other age which is for the time being prescribed for the purposes of this section;

(b)

the individual satisfies the Council that —

(i)

the individual has such qualifications, passed such courses of instruction or examinations and has such practical experience as may be prescribed; or

(ii)

the individual is otherwise qualified by having such training or practical experience as the Council may approve;

(c)

the individual is not a salesperson of any other licensed estate agent;

(d)

the individual does not hold and is not an employee, a director or a partner of a person who holds a moneylender’s licence;

(e)

the individual complies with such other requirements as are prescribed for the time being which apply to him or her; and

(f)

the Council otherwise considers the individual a fit and proper person to hold an estate agent’s licence.

Report

Part 4

Duties and Liability

Part 4A

Prevention of Money Laundering, Proliferation Financing and Terrorism Financing

Part 5

Inspection, Enforcement, Discipline and Offences

Part 6

Suspension and Revocation of Licence and Registration

Part 7

Appeals

Part 8

Miscellaneous

Schedules