Singapore legislation
Regulation 7
of Estate Agents (Licensing and Registration) Regulations 2010
Regulation 7
Exemptions for former principal licensees and partners and directors of former house agents
Subregulation 1
Regulation 6(1)(c)(iv) and (v) shall not, in any application for an estate agent’s licence made on or before 31st December 2010, apply to any person who —
is a former principal licensee; or
is a partner or director of a former house agent performing estate agency work and who, on or before 31st December 2010, passes an industry examination listed in the first column of the Second Schedule that is conducted by the body specified in the second column thereto.
Subregulation 2
For any application for an estate agent’s licence made on or before 31st December 2010, a partner or director of a former house agent performing estate agency work who does not satisfy the requirement in paragraph (1)(b) —
shall be exempted from regulation 6(1)(c)(iv) and (v) until 31st December 2011; and
shall be exempted from regulation 6(1)(c)(iv) and (v) if he passes the Real Estate Agency examination, on or before 31st December 2011.
Subregulation 3
A person to whom regulation 6(1)(c)(iv) does not apply under paragraph (1), or who is exempted from regulation 6(1)(c)(iv) under paragraph (2)(b), continues not to be subject to regulation 6(1)(c)(iv) or continues to be exempted from regulation 6(1)(c)(iv) in respect of any application for an estate agent’s licence made on or after 1 January 2011.
Subregulation 4
A person to whom regulation 6(1)(c)(v) does not apply under paragraph (1), or who is exempted from regulation 6(1)(c)(v) under paragraph (2)(b), continues not to be subject to regulation 6(1)(c)(v) or continues to be exempted from regulation 6(1)(c)(v) in respect of any application for an estate agent’s licence made on or after 1 January 2011 —
if the person was on 1 January 2011, and had since that date continuously been, any one or more of the following persons (called in this paragraph relevant persons):
a specified individual;
a key executive officer of any licensed estate agent;
a registered salesperson of any licensed estate agent; or
if the person —
was on 1 January 2011, and had since that date continuously been (other than any break not exceeding 2 years each), any one or more of the relevant persons; and
had satisfied the CPE requirements under the Act —
for the year or years that the person had been any one or more of the relevant persons; and
for the year or years during which the person had ceased to be any one or more of the relevant persons, as if the person had not ceased to be such relevant person or persons.