Eligibility of other persons to hold estate agent’s licence – Singapore property for sale
31. Subject to the provisions of this Act, no person (other than an individual) shall be eligible to be granted or to hold or continue to hold an estate agent’s licence unless —
(a) the person has a key executive officer who satisfies the requirements of this Act;
(b) the key executive officer and each of the person’s directors or partners for the time being is a fit and proper person;
(c) the person does not hold a moneylender’s licence;
(d) none of the person’s directors or partners for the time being holds a moneylender’s licence;
(e) none of the person’s directors or partners for the time being is an employee, a director or a partner of a person who holds a moneylender’s licence;
(f) the Council is satisfied that the person complies with such other requirements as are prescribed and which apply to the person; and
(g) the Council otherwise considers the person to be a fit and proper person to hold an estate agent’s licence. Singapore property for sale.
Eligibility to be registered salesperson – Singapore property for sale
32.—(1) No person other than a natural person may be registered as a salesperson. Singapore property for sale.
(2) An individual shall not be eligible to be or to remain registered as a salesperson unless
(a) he has attained the age of 21 years or such other age which is for the time being prescribed for the purposes of this subsection;
(b) he satisfies the Council that —
(i) he is or will be employed by a licensed estate agent as a salesperson and he does not hold a licence as any other estate agent;
(ii) he has the prescribed educational qualifications or experience;
(iii) he does not hold and is not an employee, a director or a partner of a person who holds a moneylender’s licence; and
(iv) he complies with such other prescribed requirements including continuing education which apply to him; and
(c) the Council otherwise considers him a fit and proper person to be registered as a salesperson. Singapore property for sale.
Source: Estate Agents Act (EAA)
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