Regulation of Estate Agents

In May 1997, the Estate Agents Ordinance was passed to regulate the
operation of estate agents in Hong Kong. The Estate Agents Ordinance
makes provisions to establish a statutory Estate Agents Authority
responsible for licensing estate agents and regulating their activities, to
enshrine the obligations or estate agents in law and to prescribe penalties
for offences. The Estate Agents Authority was established in November
1997. A two-year transitional period will be provided to enable the trade
to meet the full licensing requirements by 2000/01.

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