| (Cap 511 section 3) [19 November 1998] (L.N. 329 of 1998) Cap 511B s 1 (Omitted as spent) (Omitted as spent) Cap 511B s 2 Exemption for estate agents and salespersons dealing exclusively with properties outside Hong Kong A person who does anything referred to in section 15 or 16 of the Ordinance shall be exempted from the requirement for obtaining an estate agent's licence or a salesperson's licence if he- (a) does so exclusively in relation to properties outside Hong Kong; and (b) states in all his letters, accounts, receipts, pamphlets, brochures and other documents and in any advertisement that he is not licensed to deal with any property situated in Hong Kong. Cap 511B s 3 Dormant partner not required to hold estate agent's licence (1) Notwithstanding section 15 of the Ordinance, any person who is a member of a partnership carrying on an estate agency business shall be exempted from the requirement for obtaining an estate agent's licence if- (a) he is not engaged in the partnership business as an estate agent; (b) he is not an unfit person; and (c) at least one other member of that partnership is a licensed estate agent.(2) In this section, "unfit person" (不适当的人) means- (a) a person who- (i) in the case of an individual, is an undischarged bankrupt, or has, within the 5 years immediately prior to the day on which the Authority considers, or, where appropriate, begins to consider whether he is an unfit person, made a composition or scheme of arrangement with his creditors; (ii) in the case of a company, is in liquidation or is the subject of a winding-up order, or in relation to whom there is a receiver appointed, or who has, within the 5 years specified in subparagraph (i), entered into a composition or scheme of arrangement with its creditors;(b) a person who is a director or officer of a company which is for the time being disqualified under the Ordinance for holding a licence, or was a director or other officer of that company at the date when the company was so disqualified; (c) a person who is a mentally disordered person, or a patient, within the meaning of section 2 of the Mental Health Ordinance (Cap 136); (d) a person who has been convicted, whether in Hong Kong or elsewhere, of any offence (other than an offence under the Ordinance), as regards which conviction it was necessary to find that the person acted fraudulently, corruptly or dishonestly; or (e) a person who has been convicted of an offence under the Ordinance in respect of which he has been sentenced to imprisonment, whether the sentence is suspended or not. |
