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

Can a Masters degree graduate in Management, literature subjects graduate, top up degree graduate in finance and law or associate degree holder waive some of the HKSI LE securities exam papers?

May 20, 2021

Earlier we shared that there are some circumstances where students who wish to join the industry as securities practitioners can possibly be exempted from certain exams based on their academic qualifications and/or work experience. If you meet certain academic and/or work experience requirements, students may not have to take HKSI LE Papers 7-12. In other…

How can I verify the identity of past insurance brokers and insurance agents? How to check the insurance intermediary license records expired before September 23, 2019?

May 20, 2021

Where can I verify the identity of insurance brokers and insurance agents?   For information on insurance intermediaries that are still valid after September 23, 2019, or newly applied after that day, you can find them on the public search on the website of Insurance Authority:  https://iir.ia.org.hk/#/index   The development history of insurance brokers and…

Can a holder of an original SFC type 1 license be a type 4 and the type 9 license R.O.?

May 13, 2021

Why do fund managers/asset management companies need to obtain a Type 4 license? There is a type 1 regulated activity (Dealing in Securities) license holder who has many years of experience. This person has passed the Paper 6 of the Licensing Examination for Securities and Futures Intermediaries (HKSI LE). Can he become the RO responsible…

What is the difference between an insurance agent and an insurance broker?

May 13, 2021

Isn’t every business that sells insurance policies called an insurance company? Can an insurance broker mean  both an individual and a company? What are the main differences between insurance brokers and insurance agents? An insurance broker (Broker) selects suitable insurance products on behalf of the client. It can refer to an individual or a company.…

What is the difference between a licensed corporation and a registered institution?

May 12, 2021

  Which licensing exam should a bank staff patake in? Is it regulated by the SFC or HKMA? What does it mean by the commonly mentioned term “SFC license”?  The Securities and Futures Commission, also known as SFC, is the statutory regulator of the securities industry in Hong Kong.The Securities and Futures Commission was established…

What is the difference between an estate agent and a real estate salesperson?

May 12, 2021

Should I take EAQE or SQE to get into the real estate industry? The EAQE/SQE real estate examination result itself does not mean a license Passing the EAQE/SQE exam is just one of the conditions for applying for a license. Passing the exam does not mean obtaining a license, nor can you start your real…

How long is the validity period of the EAQE/SQE license?

May 12, 2021

Do I need to renew my license every year? Where should I apply for a license renewal? Huh? Isn’t the EAQE/SQE test result a license?! Passing the EAQE or SQE is one of the licensing conditions for obtaining a real estate agent/salesperson license. The EAQE and SQE exams are held by the Institute of Professional…

How long is the IA license valid for?

May 12, 2021

Do I need to renew my license every year? Where should I apply for a license renewal? Isn’t the IIQE exam score a license?! Obtaining passing results in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance…

How long is the SFC license valid for?

May 11, 2021

Do I need to renew my license every year? Where should I apply for renewal? Will the SFC license become invalid? We often hear people mention the 178 license. What does that mean exactly? In fact, “178 license” is a common misnomer. 178 does not refer to a license, but a combination of exam papers…

What is an IIQE license?

May 11, 2021

How to register for the exam? How to prepare? Isn’t the IIQE test score a license?! Obtaining a passing score in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance practitioner license. Since PEAK is a statutory…