CEA

• License the estate agents (aka agencies)
• Register salespersons (aka property agents)
• Every year to renew license, 6h CPD
• Memorize offences and fines
  • No lanyard = $10k
• After passing RES exam, must register within 2y
  • If not must retake course and exam
• After taking course, must take exam within 2y
• Switch teams in same agency – discouraged
• Registration Fee
  • $230
  • $115 if start after Jun 31
• Renewal $53.50
  • 4 Professional Credits + 2 Generic Credits
  • 1 module = 2 credits = ~$40 self pay
  • Every Nov
    • 1st year no need renew
• SOHO
  • Marketing term
  • Either residential or commercial
    • Cannot be BOTH
• Code of Ethics and Professional Client Care (CEPCC)
• OTP
  • Sign a commission form once issue OTP
    • If OTP forfeit, agent can get 50% of the option fee