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:
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
-
Phone:
+852 2110 9644
-
Email:
-
WhatsApp
+852 9347 2064
-
WeChat
hk2cexam
Interesting Articles
What exam should I take if I want to be a sponsor?
In Hong Kong, unless an individual or company is exempted, If they wish to conduct the ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the Securities and Futures Commission. Type 1: Dealing in securities Type 2: Dealing in future contracts Type 3: Leveraged…
What exam should I take if I want to help customers buy and sell futures and options?
In Hong Kong, unless an individual or company is exempted, if they wish to conduct the ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the Securities and Futures Commission. Type 1 Dealing in securities Type 2 Dealing in futures contracts Type 3 Leveraged foreign…
What exam should I take if I want to help clients buy and sell Hong Kong stocks, US stocks, and bonds?
In Hong Kong, unless an individual or company is exempted, if they wish to conduct ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the SFC. Type 1 Dealing in securities Type 2 Dealing in futures contracts Type 3 Leveraged foreign exchange trading Type…
What exam should I take if I want to sell group insurance, accident insurance and disability insurance with death compensation?
Are group insurance, accident insurance and disability insurance with death compensation general insurance policies or long-term policies? In fact, there is no absolute answer, because an insurance policy with both accident/disability compensation and life insurance components can be general policies or long-term policies, depending on the plan. As in death compensation accident insurance: It…
What exam should I take if I want to sell life insurance, savings life insurance, annuities, and critical illness insurance?
Life insurance, endowment insurance, annuities, and critical illness insurance are all insurances that are particularly related to human life. Life insurance and endowment life insurance are types of insurance that pay consolation money to the beneficiary after the death of the insured. Annuities are closely related to the life of the insured. Basically for…
What exam should I take if I want to sell accident insurance, domestic helper insurance, and medical insurance?
Accident insurance, domestic helper insurance, and medical insurance are all medical-related insurances that are purchased in order to avoid burdening huge (medical) expenses. According to Hong Kong’s “Insurance Ordinance”, general business protection covers 17 categories, including accidents, sickness, and general legal liability. Therefore, if you want to sell accident insurance, domestic helper insurance, and medical…
What exam should I take if I want to sell engineering insurance and liability insurance?
Engineering insurance and liability insurance are insurances designed to avoid huge financial burdens caused by huge losses. Part of the engineering insurance will protect the legal liabilities of causing the third party to be injured or have property losses; while the liability insurance is to compensate for the liabilities derived from causing injuries or losses…
What exam should I take if I want to sell car insurance, water damage insurance, home insurance, property insurance, and marine cargo insurance?
Car insurance, water damage insurance, home insurance, property insurance, and marine cargo insurance are all property insurances that are purchased to cover losses caused by accidents. According to Hong Kong’s “Insurance Ordinance”, general business insurance covers 17 major categories, including land vehicles, ships, fires and natural forces, damage to property, etc. Therefore, if you want…
What is the Use for IIQE Certificates?
Is there any difference between notification of results and a certificate? Do I need to submit both at the same time when I apply for a license? The IIQE notification of results and certificate are two different kinds of proof. The Vocational Training Council (VTC) Institute of Professional Education and Knowledge (PEAK) is responsible…
What is the Use of an HKSI Notification of Result and Certificate? Do I Need to Submit Both for SFC/HKMA License Application?
HKSI’s notification of results and HKSI certificate are two different kinds of proof. The Hong Kong Securities and Investment Institute is responsible for organizing examinations and issuing certificates. Therefore, the notification of results and certificates are issued by HKSI. However, passing the HKSI LE exam and being issued a certificate is not necessarily related. Anyone…