What is the difference between EAQE and SQE exam?

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.

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.

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.

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. 

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