Whether a company is fit and proper to hold a licence
In deciding whether a company is fit and proper to hold a licence, EAA will consider the following factors, among others:
- Is the company in liquidation or subject to a winding-up order? Has a receiver been appointed to deal with it?
- Has the company, in the five years prior to the EAA's considering the matter, entered into a composition or scheme of agreement with its creditors?
- Does the company have any conviction under the Estate Agents Ordinance?
The above are by no means exhaustive and the EAA does consider factors other than those stated above.
Click here to see the special vetting procedure applicable to cases requiring EAA's further consideration on whether the relevant licence applicant / licensee is a fit and proper person.