8. Can I carry out estate agency work immediately after obtaining an Estate Agent (Individual) Licence?

You can be employed by any estate agency company and carry out estate agency work immediately after obtaining an estate agent’s licence (individual).

If you want to carry out estate agency work in the form of a sole proprietorship, you must apply for a statement of particulars of business (SPOB) from the EAA.

The Estate Agents (Licensing) Regulation stipulates that holders of an estate agent’s licence (individual) must apply for an SPOB for each place of business under each business name before carrying out estate agency work. The SPOB must be displayed conspicuously at the place of business.

9. I have changed my name. Am I required to inform the EAA?

A licensed estate agent or a licensed salesperson commits an offence if he, without reasonable excuse, uses any name other than the name specified in his licence for or in connection with an estate agency business. The maximum penalty is a fine of $100,000 and 3 months imprisonment. You should therefore have your licence and/or statement of particulars of business amended as soon as possible. Click here for the relevant application form.