Estate Agents Ordinance and Subsidiary Legislation Part 2

Where a person by whom an offence under the EAO has been committed is a ______, and it is proved that the offence was committed with the consent or connivance of: a director; or other officer concerned in the management of the company; or any person purporting to act as such director or officer, then the director or other officer or the person, as the case may be, shall be guilty of the like offence: Section 42.

An estate agent is liable to repay to a ______, any monies received by or on behalf of that agent for or on account of that ______, as monies received in the course of his business as an estate agent: Section 43(1).

A salesperson receiving money in the course of his estate agency work, and for or on account of a ______, must pay such monies forthwith to his estate agent employer, or into a trust account maintained by that agent pursuant to the Practice Regulation: Section 43(2).

These monies may be used only for making: payments to the ______ concerned; or other payments in accordance with the client’s prior written instructions.

Section 2 of the EAO defines an “______” as including “every form of ______, whether to the public or not”.

Licensed estate agents who advertise their clients’ ______ properties should comply with the relevant requirements under the Practice Regulation.

Liability for Monies Received: Section ______.

These monies may be used only for making payments to the client concerned; or other payments in accordance with the client’s ______ written instructions.

Section ______ : Estate Agents Ordinance and Subsidiary Legislation.

Licensed estate agents who advertise their clients’ residential properties should comply with the relevant requirements under the ______ Regulation.