What is the difference between EAQE and SQE exam?

June 15, 2021

 

What is the functional difference between the EAQE and SQE exam?

 

EAQE has broader functions than SQE. Basically, the EAQE exam is omnipotent. If you want to become an estate agent, you must take the EAQE, which is also known as the Estate Agent Qualifying Exam. EAQE results can also be used to apply for a salesperson license to become a real estate salesperson. Therefore, if you are interested in opening an agency on your own in the future, or if you want to become a manager, you can pass the EAQE exam first, and then you don’t need to take the exam again in the future. After becoming a real estate agent, all the duties that a salesperson is eligible to partake in can be done by an estate agent; in contrast, a salesperson cannot partake in some of the estate agent’s designated duties. In other words, The SQE Salesperson Qualifying Exam has only one function, which is to enable a person to apply to be a salesperson.

 

Licenses that can be applied for \\examination EAQE SQE
Estate Agent
Estate Salesperson 

 

What is the difference between the estate agent license and estate agent salesperson license?

 

There are two types of licenses for real estate practitioners: real estate agent and real estate salesperson. Only real estate agents are eligible for sole proprietorship, partnership operation of real estate agency companies, branch managers or directors involved in real estate agency business. Real estate salespersons need to partake in the EAQE exam in order to be eligible in performing the above actions.

 

Responsibilities\\License Type Estate Agent License Salesperson License
Manager
Estate sales role 

 

What is the difference in content between EAQE and SQE?

 

In terms of exam content, EAQE will have two more chapters compared to the SQE exam, and the scope of both exams includes the Study Guide to Estate Agency Law and Practice. The EAQE exam covers chapters 1 to 8 of the Study Guide to Estate Agency Law and Practice. On the other hand, SQE examination does not include Chapter 6-Principles and Practices of Property Valuation and Chapter 8-Effective Agency Management and Supervision of Salespersons to Ensure Compliance, that is, only chapters 1 to 5 and chapter 7 are required.

 

EAQE SQE
Covers real estate agency law and practice study guide

A total of 8 chapters

Covers real estate agency law and practice study guide

A total of 6 chapters (1-5, 7)

 

The Study Guide to Estate Agency Law and Practice is one of the scope of the examination, which can be downloaded for free from the website of the Estate Agent Authority:

http://www.eaa.org.hk/en-us/Information-Centre/Publications/A-Study-Guide-to-Estate-Agency-Law-and-Practice

 

For other review scopes, please refer to What is the difference between a real estate agent and a real estate salesperson?

 

In general, EAQE has more content and functions than SQE.

 

Why is it better to take the EAQE exam than an SQE exam?

After taking the EAQE exam, there will be more choices. You can be a real estate agent or a real estate salesperson by taking EAQE, but you can only be a salesperson by taking SQE. In case your prospective company has different expectations of you after you finish the exam, or if your mentality changes in the future, there is no need to take the exam again if you decide to take the EAQE in the first place. Furthermore, if the student was originally a salesperson, but he needs an estate agent license in the future, the examination fee will be eroded by taking one more real estate exam. In addition, because the second part of the EAQE exam consists of more case studies related questions, which is more or less dependent on the solidity of your knowledge and less on luck itself, therefore one is less likely to fail due to lack of luck. 

 

How can we help?

2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for IIQE Papers 1, 2, 3, 5 and MPFE in Chinese and English; and bibles for IIQE Papers 1, 2, 3, MPFE in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for IIQE Papers 1, 2, 3 and MPFE and posted on public channels such as Youtube/ Bilibili/ Tencent/ Iqiyi. 2CExam has been an exam training expert for years. Should you need any help please visit www.2cexam.com or contact us through:

Phone +852 2110 9644 Email: [email protected] Wechat: hk2cexam WhatsApp: +852 9347 2064

 

Please support us by leaving comments and likes if you think this article helps you!

You can scan or click on the QR codes to visit our social media.

Latest Article

Categories

過往文章

Contact US

Interesting Articles

Which license is required for bank employees engaged in securities business?

May 16, 2023

Should Hong Kong bank employees apply for an HKMA license or an SFC license? According to the licensing requirements for real estate practitioners, passing relevant qualification exams is a necessary condition for obtaining a real estate agent (individual) license or a salesperson license. The Hong Kong Securities and Futures Practitioners Qualification Exam (HKSI LE) is…

What is the difference between an SFC license and HKMA registration in Hong Kong?

May 16, 2023

What is the difference between an SFC license and HKMA registration in Hong Kong? In Hong Kong, the statutory organization responsible for regulating the securities and futures markets is the Securities and Futures Commission (SFC). The Securities and Futures Ordinance, which came into effect on April 1, 2003, grants the SFC regulatory authority over the…

What is an HKSI certificate?

May 15, 2023

What is an HKSI certificate? What is the use of an HKSI exam transcript? What is an HKSI certificate? Do I need an HKSI exam transcript or an HKSI certificate when applying for SFC registration? To work in the securities industry in Hong Kong, passing the Hong Kong Securities and Futures Commission (SFC) Licensing Exam…

How to obtain an exemption for the HKSI LE Securities and Futures Practitioners Qualification Examination?

May 15, 2023

How to obtain an exemption for the HKSI LE Securities and Futures Practitioners Qualification Examination? In the previous issue, we talked about how if someone wants to work in the securities industry in Hong Kong, they must first pass the Hong Kong Securities and Investment Institute’s (HKSI) Licensing Examination for Securities and Futures Intermediaries. Are…

Where can I register for securities exams in Hong Kong?

May 15, 2023

Where can I register for securities exams in Hong Kong? If you want to work in the securities industry in Hong Kong, you must pass the Securities and Futures Commission (SFC) Licensing Exam LE. The organization that conducts the Licensing Exam LE in Hong Kong is the Hong Kong Securities and Investment Institute (HKSI). The Hong…

Often hear the beautiful ladies and handsome gentlemen in the Hong Kong financial sector talking about the “178 license” they need to obtain. What exactly is it?

May 15, 2023

What is the Hong Kong 178 license? In fact, the 178 license is not a real license but refers to a combination of examination papers that need to be taken. It consists of the Hong Kong Securities and Futures Practitioners Qualification Examination Paper 1, Paper 7, and Paper 8. In Hong Kong, activities related to…

What is the SFC license in Hong Kong?

May 15, 2023

What is the SFC license in Hong Kong? The Securities and Futures Commission (SFC) of Hong Kong was established in 1989 as an independent statutory body responsible for regulating the securities and futures markets in Hong Kong. The Securities and Futures Ordinance and its subsidiary legislation grant the SFC the power to investigate, correct, and…

Why do people still buy materials from 2CExam while HKSI provides free study notes?

June 29, 2022

In addition to organizing LE exams, the HKSI will also provide students who take the LE exam with the exam coverage called the Study Note. It depicts what is covered in the exam with hundreds of pages and full of paragraphs. It is lengthy and contains a lot of data and examples that will not…

EAQE/ SQE Real Estate Agency Exam Coverage/ Scope for Revision

June 23, 2022

Many students are clueless about the exam coverage / scope for doing revision on the Estate Agent Qualifying Examination (EAQE) and Salesperson Qualifying Examination (SQE). VTC’s PEAK does not have any notes available for candidates to download. In fact, the scope of the exam is quite extensive. Some of the coverage can be downloaded from…

Is success an Unattainable Ideal in the Real Estate Industry? 10 Benefits of Being in the Real Estate Industry Can Stimulate Your Capacity

June 16, 2022

Is it difficult to succeed in the real estate industry? Living space is one of the indispensable elements in life. From the wealthy speculating and selling flats to ordinary people looking for a place to live, most Hong Kong people have the demand to rent or even invest in the real estate market. Hong Kong’s…