| The first set of Practice
Regulation is intended to regulate the conduct and practice
of estate agents and salespersons in conducting estate agency
work in the sale and purchase and leasing
of residential properties in Hong Kong.
The principal features of the Practice Regulation are set out as follows:-
- Informing clients of being licensed
- Provision of property information and use
of standard forms
- Use of estate agency agreement
- First sale of undivided shares
- Seeking instructions
- Advertising
- Property inspection
- Conduct of negotiation
- Keeping of accounts and records
- Agreements for sale and purchase and leases
- Commission
- Effective control
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