Suspension and revocation of licences
A licence may be suspended or revoked if the licensee:
has failed to comply with the requirements of, or has contravened, a provision of the Estate Agents Ordinance;
is not eligible to hold or continue to hold a licence;
has failed to comply with a condition attached to his licence;
has failed to comply with, or has contravened, a regulation made under the Ordinance; and
has failed to a pay a fine imposed by the Disciplinary Committee of the Estate Agents Authority.
The above is not exhaustive and there are other reasons why a licence may be suspended or revoked.
A person whose licence is being suspended or has been revoked must not carry on the business of doing estate agency work as an estate agent or act as a salesperson for an estate agent; otherwise, he may commit an offence under the Ordinance and the maximum penalty is a fine of $500,000 and imprisonment for two years.
A person whose licence has been revoked is not entitled to apply for a licence within the period of 12 months commencing from the date of the revocation. A licensee may resume doing estate agency work after the suspension has ended.