2021 RENEWAL EXERCISE ESTATE AGENT LICENCE RENEWAL EXERCISE
The Council for Estate Agencies (CEA) will be conducting the 2021 Renewal Exercise from 1 November to 30 November 2021.
|Key Reminder |
Estate agents (EA) are advised to purchase your Professional Indemnity Insurance (PII) early (before 1 November 2021) and ensure that your PII coverage is for the entire licence period for Year 2022 (i.e. from 1 January 2022 to 31 December 2022).
Timeline and Key Steps
All EAs must participate in the renewal exercise this year.
Table 1: Steps to submit a licence renewal application
|Step 1 || |
Before the EA can submit its licence renewal application, directors and partners must submit their declarations via e-services using Singpass (for Individuals)*.
*Note: Foreign non-practising directors and non-practising partners who do not have a Singpass account will submit their declarations through their KEOs to CEA directly.
For a step-by-step guide with screenshots for Director/Partner renewal submission process, please refer page 76-80 of the ACEAS user manual.
|Step 2 ||KEO/Authorised User to log in to e-services from 1 November to 30 November 2021 using Singpass (for Corporate). |
For a step-by-step guide with screenshots on the licence renewal submission process, please refer page 80-88 of the ACEAS user manual.
|Step 3 ||Choose if the EA is renewing its licence for year 2022. |
|Step 4 || |
If the EA is renewing, check and submit the following declarations:
a. To declare all convictions and provide the following supporting documents if applicable:
i. Letter of explanation of conviction;
ii. Court Judgment;
iii. Charge Sheet;
iv. Statement of Facts;
v. Registrar certificate;
vi. Singapore Prison Service’s letter (stating admission and discharge dates from prison); and
vii. Any other related documents related to the court proceedings (e.g. Mitigation Plea).
b. To declare if the KEO and EA are in liquidation or are the subject of a winding-up order, or there is a receiver appointed in relation to it, or if the KEO and EA have entered into a composition or scheme of arrangement with its creditors, and provide the following supporting documents if applicable:
i. Bankruptcy Order;
ii. Debt Management Programme (DMP) proposal;
iii. Latest Credit Bureau Report; and
iv. Case information from the Insolvency and Public Trustee’s Office (IPTO)’s website.
c. To declare if the KEO and EA have any judgment that involved a finding of fraud, dishonesty or breach of fiduciary duties entered against the estate agent in civil proceedings, and provide the following supporting documents if applicable:
i. Court Judgment.
ii. Any other related documents related to the civil proceedings.
| Step 5 ||Confirm that all directors and partners have submitted their declarations. |
|Step 6 || |
Submit the licence renewal application via e-services using Singpass (for Corporate) by 30 November 2021*.
*Note: EAs may wish to submit its licence renewal application early as the EAs can only submit the renewal applications for their RESs after the licence renewal application is submitted to CEA.
|Step 7 || |
Log in to e-services using Singpass (for Corporate) to check the status of the licence renewal application.
Note: If approved, the renewed EA licence will be reflected immediately on CEA’s Public Register. RESs will see their renewed registration on CEA’s Public Register only after the EA has renewed its licence.
Click here to log in to e-services for Licence Renewal
Renewal Fee deduction
EAs should ensure its GIRO account is active and have sufficient funds. E-invoices will be generated 2 days prior to the GIRO deduction date. While GIRO is the default payment mode, EAs can also pay using online payment modes (PayNow or credit card).
The renewal application fee is payable every alternate renewal (e.g. if your EA paid the renewal application fee in 2020, the application fee is not payable this year). Find out more about the renewal fee comprising the application fee and licence fee.