Application for grant or renewal of licence – CPD courses
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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. CPD courses
Prescribed requirements for grant and renewal of licence
6.—(1) Subject to the Act, paragraphs (2) and (3) 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) every sole proprietor, partner or director of the estate agent who will be performing estate agency work —
(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 Agency examination, or obtained an equivalent or higher qualification as determined by the Council. CPD courses.
(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. CPD courses.
(3) Paragraph (1)(c)(v) shall not apply to any sole proprietor, partner or director who initially satisfies the requirements on his appointment and who —
(a) continuously remains a sole proprietor, partner or director of any estate agent thereafter without cessation; or
(b) remains a sole proprietor, partner or director of any estate agent thereafter with a period of cessation —
(i) of not more than one year; or
(ii) of not more than 2 years if the sole proprietor, partner or director accumulates at least 12 hours of continuing professional development credits during the period of cessation.
Source: Estate Agents (Licensing and Registration) Regulations 2010
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