Hong Kong Regulations

ESTATE AGENTS (LICENSING) REGULATION - SECT 10

Statement of particulars of business

(1) A licensed estate agent shall, before carrying on estate agency business
at any place under a particular business name, apply to the Authority for the
grant of a statement of particulars of business for that place and name and
shall pay to the Authority the relevant portion of the licence fee in respect
of such business.

(2) The Authority may, upon an application under subsection (1) and payment of
the relevant portion of the licence fee, grant to the licensed estate agent
(or, where the business is carried on by two or more licensed estate agents,
to any one of them) a statement of particulars of business.

(3) A statement of particulars of business may be granted, and may upon
application be renewed, for a period for which the portion of the licence fee
in respect of the business has been paid and expiring not later than-

   (a)  the expiry of the estate agent's licence of the person by whom the
        statement is to be held; or

   (b)  in the case of a statement to be held in respect of a partnership, the
        latest date on which the estate agent's licence of any member of the
        partnership is to expire.

(4) A statement of particulars of business shall have effect only in so far as
the person named therein (or if two or more persons are so named, at least one
of them) is a licensed estate agent and, accordingly, the Authority may
require any person in possession of any statement that has ceased to have
effect under this subsection to surrender it.

(5) For the avoidance of doubt, the grant or renewal of a statement 
of particulars of business for any period in respect of a business carried on
by two or more persons as members of a partnership shall not entitle any such
person to do estate agency work after he ceases to be a licensed estate agent.

(6) An application by any person under subsection (1) or (3) for the grant or
renewal of a statement of particulars of business for a business carried on by
him or as a member of a partnership, whether made at the same time as his
application for the grant or renewal of a estate agent's licence or
thereafter, forms part of the latter application.