Estate Agents (Fees) (Amendment) Regulations 2021

Status:

Published in Subsidiary Legislation Supplement
on 31 May 2021

No. S 360

Estate Agents Act

(CHAPTER 95A)

Estate Agents (Fees)
(Amendment) Regulations 2021

In exercise of the powers conferred by section 72(1) of the Estate Agents Act, the Council for Estate Agencies, with the approval of the Minister for National Development, makes the following Regulations:

Citation and commencement

1. These Regulations are the Estate Agents (Fees) (Amendment) Regulations 2021 and come into operation on 1 June 2021.

Amendment of regulation 3

2. Regulation 3 of the Estate Agents (Fees) Regulations 2010 (G.N. No. S 641/2010) (called in these Regulations the principal Regulations) is amended by inserting, immediately after paragraph (3), the following paragraph:

“(4) The fee in item 10 of the Schedule is not payable in respect of the registration of an individual as a salesperson for a calendar year or part of a calendar year if —

(a)	at the time of the application for registration (called in this paragraph the relevant application), the individual is already registered as a salesperson for that calendar year or part of the calendar year (called in this paragraph the existing registration), but the individual intends to cease to work for or to be engaged by the estate agent through which the salesperson was registered;
(b)	the relevant application is made through and supported by an estate agent other than the estate agent through which the salesperson’s existing registration was registered; and
(c)	the fee in item 10 of the Schedule for the existing registration had been paid.”.

Amendment of regulation 5

3. Regulation 5 of the principal Regulations is amended by deleting the words “an estate agent” and substituting the words “a person”.

Amendment of Schedule

4. Item 11 of the Schedule to the principal Regulations is deleted and the following items substituted therefor:

“

11.	In respect of the Real Estate Agency examination conducted by the Council as a qualification for estate agents and consisting of Papers 1, 2 and 3, application to —

(a)	sit for 1 Paper

$270

(b)	sit for 2 Papers

$410

(c)	sit for 3 Papers

$520

(d)	defer the examination date after successfully applying to sit for the examination

$100 for each deferment

(e)	appeal against examination result

$60 for each appeal

12.	In respect of the Real Estate Salesperson examination conducted by the Council as a qualification for salespersons and consisting of Papers 1 and 2, application to —

(a)	sit for 1 Paper

$220

(b)	sit for 2 Papers

$390

(c)	defer the examination date after successfully applying to sit for the examination

$100 for each deferment

(d)	appeal against examination result

$60 for each appeal

13.	Application for preliminary assessment as to whether an individual is considered a fit and proper person —

$50

(a)	made before any application for the grant of an estate agent’s licence, under section 30(f) of the Act

(b)	made before any application for the grant or renewal of an estate agent’s licence, under section 31(b) of the Act

(c)	made before any application for registration as a salesperson, under section 32(2)(c) of the Act

”.

[G.N. Nos. S 707/2015; S 686/2017; S 636/2018]

Made on 12 May 2021.

QUEK SEE TIAT

President,
Council for Estate Agencies,
Singapore.

[ND 311/04-396; AG/LEGIS/SL/95A/2020/6 Vol. 1]

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