Interpretation of a fit and proper person – Singapore property for sale
(2) For the purposes of this Act, a person is not a “fit and proper person” if the Council, after considering any relevant facts or matters, is of the view that he is not such a person, and unless the Council otherwise determines — Singapore property for sale.
(a) an individual shall not be a “fit and proper person” if —
(i) he has been convicted of an offence involving dishonesty or fraud;
(ii) he has had a judgment entered against him in civil proceedings that involve a finding of fraud, dishonesty or breach of fiduciary duties on his part;
(iii) he has been convicted of any offence under this Act; or
(iv) he is an undischarged bankrupt or has made a composition or arrangement with his creditors; and Singapore property for sale.
(b) a person (other than an individual) shall not be a “fit and proper person” if —
(i) the person has been convicted of an offence involving dishonesty or fraud;
(ii) the person has had a judgment entered against him in civil proceedings that involve a finding of fraud, dishonesty or breach of fiduciary duties on his part;
(iii) the person has been convicted of any offence under this Act;
(iv) any director or partner of the person or any other person who is responsible for the management of the person is not a fit and proper person; or
(v) the person is in liquidation or is the subject of a winding-up order, or there is a receiver appointed in relation to it, or it has entered into a composition or scheme of arrangement with its creditors. Singapore property for sale.
(3) For the avoidance of doubt, it is hereby declared that – Singapore property for sale
(a) references in this Act to estate agency work are not to be construed as including references to work which relates solely to a survey, to a valuation or to a disposition by way
of auction or tender; and
(b) references in this Act to an estate agent without qualification are not to be construed as including references to an auctioneer whose function is solely to conduct an auction. Singapore property for sale.
Source: Estate Agents Act (EAA)
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