Part 2: Part 2: Estate Agents Ordinance and Estate Agency Practice

Kin-kwok is the sole proprietor of Wang Fat Estate Agency and from time to time receives money on behalf of clients. Under the Estate Agents Ordinance and the Practice Regulations, which of the following must he do? (i) Deposit the money into a trust account opened at an authorised institution (ii) Apply the money to make payment to the relevant client (iii) Pay out the money in accordance with the client's prior written instructions (iv) Issue a written receipt to the client within fourteen days of receipt (v) Keep a copy of the receipt for at least three years

• A(i), (ii), (iii) and (v) only
• B(iii) and (v) only
• C(i) and (iv) only
• D(ii), (iii) and (iv) only
• E(i), (ii), (iii), (iv) and (v)

Where a complaint against a licensee is substantiated, which of the following disciplinary sanctions may the EAA impose under the Estate Agents Ordinance? (i) Admonish or reprimand the licensee (ii) Fine the licensee HK$100,000 (iii) Suspend the licence for three years (iv) Revoke the licensee's licence (v) Attach specified conditions to the licence

• A(i), (ii), (iv) and (v) only
• B(ii), (iii), (iv) and (v) only
• C(i), (ii), (iii) and (v) only
• D(i), (iii) and (iv) only
• E(i), (ii), (iii), (iv) and (v)

Where the EAA appoints an investigator under the Estate Agents Ordinance to investigate a licensee, which of the following are statutory obligations of that licensee? (i) To produce records relevant to the investigation when required by the investigator (ii) To allow the investigator to enter and search his private residence (iii) To explain documents produced when required by the investigator (iv) To pay the EAA the reasonable costs of the investigation when required

• A(i) and (ii) only
• B(i) and (iii) only
• C(ii), (iii) and (iv) only
• D(iii) and (iv) only
• E(i), (ii), (iii) and (iv)