Hong Kong Estate Agent's License

A licensing regime for the estate agency trade has come into effect since 1 January 1999. An individual or a company carrying on estate agency work in Hong Kong must hold a valid licence. It is an offence to practise estate agency work without a licence.
Source: Hong Kong Estate Agent’s Authority

To do real estate agency work in Hong Kong you must have an Estate Agent’s License. Fortunately, the process is simple but it does require some effort to study the material. While preparing for the exam I spoke to people who had passed and I was told it was easy and required little study. I took their advice, did some basic study and was rewarded with a fail and 3 month wait till the next exam. Moral of the story? Study.

Licensing is handled by the Estate Agents Authority (EAA) which also handles disciplinary action and ongoing training programs for licensed agents. (known as Continuing Professional Development CPD)

S or E license?

The EAA has two distinct categories of licensees and they are the “S” (Salesperson) license and the “E” (Estate Agent) license. The following table summarises the main differences between the two categories.

S-license E-license Co. License
Exam Fee $400 $600 n/a
No. Questions 40 MC 60 MC n/a
Annual License Fee $1,280 $2,010 $2,800

The important difference is that an S-license holder must be supervised by an E-license holder. If you hold an E-license, you can supervise salespeople and also start your own Agency as a sole-proprietor, partnership or limited company. If you do start your own agency, you must additionally apply for a Statement of Particulars of Business (SPOB) which includes a C-123456 style number.

The relative numbers of each class of licenses are shown below (data from Estate Agents Authority):
Estate Agent Licensees

To start, get onto the EAA website and find out when the next exam takes place. Make sure you register by the deadline and get yourself to the EAA offices at Hopewell Centre to pick up the syllabus and the material you need to study.

update: Visit the Estate Agent Resource page to get started.


 
 
 
 
  • James

    I am about to sit for my second EA licence as I failed it the first time. I studied diligently for two months before and couldn’t believe I didn’t pass.

    I found that the English version of the test was not written by a native English speaker and felt that some of the questions were in such poor English that the question was compromised. I think that if I was to take out the question booklet and pass it to a newspaper they would have a field day with some of the question! Also I find that a simple “Pass” or “Fail” mark does not help you identify where you went wrong.

    It also doesn’t help that the majority of the study material available (or courses) for the exam is predominantly in Chinese.

  • James,

    True, most of the material is only in Chinese and this leaves English speakers with fewer options for study materials. When I sat for the E exam I felt some of the questions were designed to trick rather than test knowledge. For the second attempt, I tried to memorise the key data and this approach gave me better results.

    Also, I recommend grabbing copies of the material from the EAA study centre in Hopewell Centre. There are more details here: EAA Exam Syllabus.

    Best of Luck.

    Mike

  • James

    Absolutely would have to agree with the fact that the questions seem to be designed to trick.

    I believe that if the exam was structured as a short answer rather than a simple multiple choice, different types of people would pass and fail. The only way to really do well I believe is to rote learn multiple choice questions. I dislike this method but maybe it is necessary.

  • christiane david igni

    Hi!

    This is Christiane David Igni, a in-house property consultant from Alveo Land Corp., a wholly-owned subsidiary of Ayala Land Inc., which is the Philippines’s top real estate developer.

    We are in the process of expanding our business internationally and we consider Hong Kong, being one of the top performing countries in Asia,as a strategic partner in marketing our real estate developments.

    As such, we are scheduled to conduct a roadshow this coming Feb. 11-20, 2014 in HongKong and I would like to set a meeting with you to discuss possible partnerships in selling our properties in the
    Philippines. We will also be opening our satellite office in Hong Kong this Feb. 14, 2014 to promote and showcase our prestigious developments.

    Please let me know what date, time and venue would be most convenient for you so we can schedule our future partnership.

    I’m looking forward to the start of a long and fruitful business
    relationship with you.

    we also have event tomorrow here in hongkong, if you’re interested in attending the event pleasesee contact details below for information.

    Thank you and God Bless.

    Sincerly,

    Christiane David Igni

    Property Investment Consulatant

    ALVEO LAND CORP an AyalaLand company

    Philippines No. : +639164942629, +639088181008

    Hong kong No. :(+852) 65340561

    Email : christianiyann@gmail.com