33.—(1) An application for or to renew an estate agent’s licence shall be made to the Council in such form and manner and with such information or evidence as the Council may require, and shall be accompanied by the prescribed fee.
(2) The Council shall consider every application for or to renew a licence that is made in accordance with subsection (1), and may grant or renew a licence, with or without conditions, or refuse to grant or renew a licence.
(3) Any licence granted under this Act is not transferable.
(4) The Council may require an applicant to furnish it with such additional information or documents as it considers necessary in relation to the application before considering the application.
(5) The Council may, before granting or renewing any licence, require the applicant to furnish such security as may be prescribed.
(6) Any person who, in any application for the grant or renewal of a licence for himself or any other person, submits false documents or makes a statement which is false or misleading in any material particular shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both.