PART II APPLICATION FOR LICENCE AND RENEWAL OF LICENCE |
| Application for grant or renewal of licence |
| 5. Every application for the grant or renewal of an estate agent’s licence shall be made electronically in the forms provided under “Licensing of Estate Agents” at the Council’s website. |
| Prescribed requirements for grant and renewal of licence |
6.—(1) Subject to the Act, paragraphs (2), (3) and (4) and regulation 7, no licence shall be granted or renewed unless —| (a) | the Council is satisfied that the estate agent has in place systems and processes to ensure proper management of the business and its salespersons; | | (b) | the estate agent does not hold a licence as any other estate agent; and | | (c) | each specified individual —| (i) | has attained the age of 21 years; | | (ii) | is not registered as a salesperson with another estate agent; | | (iii) | does not hold a licence as any other estate agent; | | (iv) | has a minimum of 4 GCE ’O’ level passes or obtained an equivalent or higher qualification as determined by the Council; and | | (v) | has, in the 2 years immediately before the application for a licence, passed the Real Estate Salesperson examination. [S 111/2023 wef 01/03/2023] |
[S 111/2023 wef 01/03/2023] |
[S 111/2023 wef 01/03/2023] | (2) Paragraph (1)(c)(iv) and (v) shall not apply to the holder of any of the degree and diploma qualifications specified in the first column of the First Schedule issued by the institutions specified in the second column thereto, if the holder enrolled for the degree or diploma qualification before 1 April 2020. [S 111/2023 wef 01/03/2023] |
(3) Paragraph (1)(c)(v) does not apply to the holder of any of the degree and diploma qualifications specified in items 1 and 7 of the first column of the First Schedule issued by the institution specified opposite in the second column of that Schedule, if the holder —| (a) | enrolled for the degree or diploma qualification on or after 1 April 2020; and | | (b) | has, in the 2 years immediately before the application for a licence, passed Paper 2 of the Real Estate Salesperson examination. |
[S 111/2023 wef 01/03/2023] |
(4) Paragraph (1)(c)(v) does not apply —| (a) | to a person who, at the time of the application for the grant or renewal of the estate agent’s licence, is any of the following persons (each called in this paragraph a relevant person):| (i) | a specified individual; | | (ii) | a key executive officer of any licensed estate agent; | | (iii) | a registered salesperson of any licensed estate agent; or |
| | (b) | to a person —| (i) | who, at the time of the application for the grant or renewal of the estate agent’s licence, is not a relevant person but had been a relevant person for any period in the 2 years immediately before the application for the grant or renewal of the licence; and | | (ii) | who had satisfied the CPE requirements under the Act —| (A) | for the year or years that the person had been a relevant person; and | | (B) | for the year or years during which the person had ceased to be a relevant person, as if the person had not ceased to be a relevant person. |
[S 645/2025 wef 01/10/2025] |
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[S 111/2023 wef 01/03/2023] |
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| Exemptions for former principal licensees and partners and directors of former house agents |
7.—(1) Regulation 6(1)(c)(iv) and (v) shall not, in any application for an estate agent’s licence made on or before 31st December 2010, apply to any person who —| (a) | is a former principal licensee; or | | (b) | is a partner or director of a former house agent performing estate agency work and who, on or before 31st December 2010, passes an industry examination listed in the first column of the Second Schedule that is conducted by the body specified in the second column thereto. [S 111/2023 wef 01/03/2023] |
(2) For any application for an estate agent’s licence made on or before 31st December 2010, a partner or director of a former house agent performing estate agency work who does not satisfy the requirement in paragraph (1)(b) —| (a) | shall be exempted from regulation 6(1)(c)(iv) and (v) until 31st December 2011; and | | (b) | shall be exempted from regulation 6(1)(c)(iv) and (v) if he passes the Real Estate Agency examination, on or before 31st December 2011. [S 111/2023 wef 01/03/2023] |
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| (3) A person to whom regulation 6(1)(c)(iv) does not apply under paragraph (1), or who is exempted from regulation 6(1)(c)(iv) under paragraph (2)(b), continues not to be subject to regulation 6(1)(c)(iv) or continues to be exempted from regulation 6(1)(c)(iv) in respect of any application for an estate agent’s licence made on or after 1 January 2011. [S 111/2023 wef 01/03/2023] |
(4) A person to whom regulation 6(1)(c)(v) does not apply under paragraph (1), or who is exempted from regulation 6(1)(c)(v) under paragraph (2)(b), continues not to be subject to regulation 6(1)(c)(v) or continues to be exempted from regulation 6(1)(c)(v) in respect of any application for an estate agent’s licence made on or after 1 January 2011 —| (a) | if the person was on 1 January 2011, and had since that date continuously been, any one or more of the following persons (called in this paragraph relevant persons):| (i) | a specified individual; | | (ii) | a key executive officer of any licensed estate agent; | | (iii) | a registered salesperson of any licensed estate agent; or |
| | (b) | if the person —| (i) | was on 1 January 2011, and had since that date continuously been (other than any break not exceeding 2 years each), any one or more of the relevant persons; and | | (ii) | had satisfied the CPE requirements under the Act —| (A) | for the year or years that the person had been any one or more of the relevant persons; and | | (B) | for the year or years during which the person had ceased to be any one or more of the relevant persons, as if the person had not ceased to be such relevant person or persons. |
[S 645/2025 wef 01/10/2025] |
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[S 111/2023 wef 01/03/2023] |
[S 111/2023 wef 01/03/2023] |
| Identical or similar names not allowed |
| 8. The Council may refuse to grant a licence if, in its opinion, the business name of the applicant or the name of the corporation making the application is so similar to that of an existing holder of an estate agent’s licence as to be likely to cause confusion. |
| Prescribed qualifications and requirements for key executive officer |
9.—(1) Subject to the requirements of the Act, a key executive officer of an estate agent must satisfy the following requirements:| (a) | he must be the sole proprietor, a director or a partner of the estate agent; | | (b) | he must —| (i) | be 21 years of age or older; and | | (ii) | subject to paragraph (2), have a minimum of 4 GCE “O” level passes or obtained an equivalent or higher qualification as determined by the Council; |
[S 111/2023 wef 01/03/2023] | | (c) | he must have at least 3 years of experience in estate agency work; [S 111/2023 wef 01/03/2023] | | (d) | he must —| (i) | have completed at least 30 property transactions (acting for any house agent or estate agent or as the holder of a house agent’s licence or an estate agent’s licence) in the 3 years immediately before his appointment; or | | (ii) | have at least 3 years of experience in managing the business of a house agent or an estate agent as an executive director, a chief executive, key executive officer, partner or sole proprietor; [S 111/2023 wef 01/03/2023] |
| | (e) | subject to paragraphs (2), (3) and (4) and regulation 10(2), he must, within the 2 years immediately before the appointment as a key executive officer, pass the Real Estate Agency examination. [S 111/2023 wef 01/03/2023] |
[S 111/2023 wef 01/03/2023] | (2) Paragraph (1)(b)(ii) and (e) does not apply to the holder of any of the degree and diploma qualifications specified in the first column of the First Schedule issued by the institution specified opposite in the second column of that Schedule, if the holder enrolled for the degree or diploma qualification before 1 April 2020. [S 111/2023 wef 01/03/2023] |
(3) Paragraph (1)(e) does not apply to the holder of any of the degree and diploma qualifications specified in items 1 and 7 of the first column of the First Schedule issued by the institution specified opposite in the second column of that Schedule, if the holder —| (a) | enrolled for the degree or diploma qualification on or after 1 April 2020; and | | (b) | has, in the 2 years immediately before the application for a licence, passed Papers 2 and 3 of the Real Estate Agency examination. |
[S 111/2023 wef 01/03/2023] |
(4) Paragraph (1)(e) does not apply to a key executive officer who passed the Real Estate Agency examination more than 2 years before the appointment as a key executive officer —| (a) | if the key executive officer was on the date the key executive officer passed the Real Estate Agency examination, and had since that date continuously been, any one or more of the following persons (called in this paragraph relevant persons):| (i) | a specified individual; | | (ii) | a key executive officer of any licensed estate agent; | | (iii) | a registered salesperson of any licensed estate agent; or |
| | (b) | if the key executive officer —| (i) | was on the date the key executive officer passed the Real Estate Agency examination, and had since that date continuously been (other than any break not exceeding 2 years each), any one or more of the relevant persons; and | | (ii) | had satisfied the CPE requirements under the Act —| (A) | for the year or years that the key executive officer had been any one or more of the relevant persons; and | | (B) | for the year or years during which the key executive officer had ceased to be any one or more of the relevant persons, as if the key executive officer had not ceased to be such relevant person or persons. |
[S 645/2025 wef 01/10/2025] |
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[S 111/2023 wef 01/03/2023] |
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| Exemptions for former principal licensees |
| 10.—(1) Regulation 9(1)(c) and (d) shall not apply to any person who is a former principal licensee. [S 111/2023 wef 01/03/2023] (2) Regulation 9(1)(e) does not apply to a former principal licensee, or a qualifying partner or director of a former house agent (called in this paragraph a former agent) —| (a) | if the former agent was on 1 January 2011, and had since that date continuously been, any one or more of the following persons (called in this paragraph relevant persons):| (i) | a specified individual; | | (ii) | a key executive officer of any licensed estate agent; | | (iii) | a registered salesperson of any licensed estate agent; or |
| | (b) | if the former agent —| (i) | was on 1 January 2011, and had since that date continuously been (other than any break not exceeding 2 years each), any one or more of the relevant persons; and | | (ii) | had satisfied the CPE requirements under the Act —| (A) | for the year or years that the former agent had been any one or more of the relevant persons; and | | (B) | for the year or years during which the former agent had ceased to be any one or more of the relevant persons, as if the former agent had not ceased to be such relevant person or persons. |
[S 645/2025 wef 01/10/2025] |
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[S 111/2023 wef 01/03/2023] |
(3) In this regulation, “qualifying partner or director of a former house agent” means a partner or director of a former house agent who has carried out estate agency work and who —| (a) | on or before 31 December 2010 — passed an industry examination listed in the first column of the Second Schedule that is conducted by the body specified opposite in the second column of the Schedule; or | | (b) | on or before 31 December 2011 — passed the Real Estate Agency examination. |
[S 111/2023 wef 01/03/2023] |
[S 111/2023 wef 01/03/2023] |
| Proof of professional indemnity insurance |
| 11. No licence shall be granted or renewed unless the Council is satisfied that the applicable professional indemnity insurance requirements are or will be satisfied. |
| Continuing professional education requirements for licence renewal |
12.—(1) An estate agent’s licence must not be renewed unless the following individuals have satisfied the CPE requirements under the Act for the specified period:| (a) | where the estate agent is a sole proprietor — the estate agent; | | (b) | where the estate agent is a partnership or body corporate — every partner or director of the estate agent who carries out or who intends to carry out estate agency work; | | (c) | the key executive officer of the estate agent. |
[S 645/2025 wef 01/10/2025] (2) In this regulation, “specified period” means —| (a) | in relation to an application for renewal of a licence expiring on or before 31 December of 2024 or any earlier calendar year — the period of 12 months starting on 1 October of the calendar year preceding the time of application for renewal and ending on 30 September of the following calendar year; | | (b) | in relation to an application for renewal of a licence expiring on 31 December 2025 — the period starting on 1 October 2024 and ending on 31 December 2025; or | | (c) | in relation to an application for renewal for a licence expiring on 31 December of 2026 or any subsequent calendar year — the period of 12 months starting on 1 January of 2026 or that calendar year and ending on 31 December of 2026 or that calendar year. |
[S 645/2025 wef 01/10/2025] |
[S 111/2023 wef 01/03/2023] |
13.—(1) The security that the Council may require under section 33(5) of the Act is a bank guarantee of such amount (not exceeding $75,000) as the Council may specify in any particular case.| (2) The security shall be in such form and be provided in such manner as the Council may require. |
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14.—(1) If the Council is satisfied that an estate agent has failed to comply with any condition specified in respect of security required to be furnished under section 33(5) of the Act, the Council may direct the forfeiture of the security or any part thereof.| (2) The forfeiture of any security or part thereof under paragraph (1) shall be without prejudice to the taking of proceedings against any person for any offence under the Act. |
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