How should I apply for a license if I want to engage in the real estate industry? What conditions must I meet?

August 6, 2021

 

First of all, to apply for a real estate intermediary license, you need to meet the “Fit and Proper” Guidelines issued by the Estate Agent Authority, such as passing EAQE or SQE.

 

Secondly, The financial status of the applicant will also be reviewed, and the applicant cannot be under bankruptcy status or enter into a debt restructuring or repayment agreement with his creditors within the past five years.

 

Thirdly, The applicant’s integrity and reliability will also be considered, such as the authenticity of the submitted information, any histories of the candidate being disqualified for being company’s director due to violation of the Estate Agents Ordinance.

 

Fourthly, some people may wonder if the staff of the Estate Agent Authority does not know you; how do they evaluate your character? In fact, the staff of the Estate Agent Authority will also explore your past criminal records, conviction records of fraud, or other dishonest acts, such as theft, handling stolen goods, using false documents, leaving without payment, etc.

 

Fifthly, Applicants who wish to become a licensee must have a minimum academic qualification equivalent to or higher than Hong Kong’s secondary school form five level, which means as long as a candidate graduated Form Five (second year of high school in Hong Kong) – regardless of whether a candidate obtained a passing grades in the HKDSE or HKCEE or not, students who complete the form five school level are deemed having a qualification equivalent to Form Five. 

 

Sixthly, Applicants must be at least 18 years old.

 

For other detailed information, please refer to “Fit and proper person to hold a licence” guidelines, issued by the Estate Agent Authority: http://www.eaa.org.hk/en-us/Licensing/Licensing-requirements/Fit-and-proper-individual

 

How to apply for a license?

 

After satisfying the requirements of the Competency Guidelines, you need to negotiate with the Estate Agent Authority about the license application. As for what documents need to be submitted, they approximately include: academic certificates and score notifications. After submitting these documents, the Estate Agent Authority will contact the relevant agencies, such as your alma mater, the police, etc., to collect validating information. You may also need to answer questions raised by the Estate Agent Authority.

How can we help?

2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for EAQE and SQE in Chinese and English. We also offer 1 on 1 tutorial services. Besides, we have also made free bibles and free tutorial videos for EAQE and SQE 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…