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What type of work can I do once I have a licence? |
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The holder of an estate agent's licence (individual) can carry on the business of estate agency work in the capacity of a sole proprietor, a partner of a partnership, a director of a company or an employee of another licensed estate agent. |
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Whether the agency business is in the form of a sole proprietorship or a partnership or a company, a statement of particulars of business must be applied for each place of business under each business name. The statement must be displayed at a conspicuous position at the relevant place of business.
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For partnerships, at least one partner must hold a valid estate agent's licence. Partners who are not engaged in the partnership business as an estate agent are not required to obtain a licence provided that he is not an "unfit person". For details about the exemption or the meaning of an "unfit person", please click here. |
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Each estate agency office shall be under the effective and separate control of a manager, who shall be the holder of an estate agent's licence (individual). |
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A licensed salesperson may only perform estate agency work as an employee of a licensed estate agent. |
