HDB flat for rent - registration criteria for new salespersonsRegulations

HDB flat for rent. The registration criteria for a new salesperson are as follows:

Must be at least 21 years old

ii.

Must have a minimum of 4 GCE ‘O’ Levels passes or Workforce Development Agency’s (WDA) Workplace Literacy & Numeracy (WPLN) Level 5 or equivalent

iii.

Possess a pass in the Real Estate Salesperson (RES) exam or equivalent*

iv.

Be registered with only 1 licensed estate agent

Must not be an existing licensee/Key Executive Officer of another licensed estate agent

vi.

Must not hold a moneylender’s licence and not be an employee, director, or partner of a licensed moneylender

vii.

Undertake mandatory continuing professional development of at least 6 hours a year

viii.

Must be covered by a Professional Indemnity Insurance valid for at least one year from the commencement date of the registration

ix.

Fulfill the fit and proper criteria, such as:
a)	Must not be an un-discharged bankrupt or have entered into a composition or scheme of arrangement with their creditors
b)	Must not have any convictions in a court of law in any country.
c)	Must not have any judgment that involved a finding of fraud, dishonesty or breach of fiduciary duties entered against them in civil proceedings
d)	Must not have been detained under the Misuse of Drugs Act or served with a detention/police supervision order under the Criminal Law (Temporary Provisions) Act
e)	Has not been convicted of any offence under the Estate Agents Act

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