Estate Agents Act 2010 · 2020 Revised Edition · Part 3 · Licensing of Estate Agents and Registration of Salespersons
31. Eligibility of other persons to hold estate agent’s licence
Feedback & supportSubject to the provisions of this Act, no person (other than an individual) is eligible to be granted or to hold or continue to hold an estate agent’s licence unless —
estate agent
“estate agent”, subject to subsection (3), means a person who does estate agency work, whether or not the person carries on that or any other business;
the person has a key executive officer who satisfies the requirements of this Act;
key executive officer
“key executive officer” means the person who is required to be appointed by an estate agent under section 38;
the key executive officer and each of the person’s directors or partners for the time being is a fit and proper person;
the person does not hold a moneylender’s licence;
licence
“licence” means an estate agent’s licence, and includes a provisional licence, and “licensee” is to be construed accordingly;
none of the person’s directors or partners for the time being holds a moneylender’s licence;
none of the person’s directors or partners for the time being is an employee, a director or a partner of a person who holds a moneylender’s licence;
director
“director” has the meaning given by section 4(1) of the Companies Act 1967;
the Council is satisfied that the person complies with such other prescribed requirements which apply to the person; and
Council
“Council” means the Council for Estate Agencies established under section 6;
the Council otherwise considers the person to be a fit and proper person to hold an estate agent’s licence.