Hong Kong Salespersons Qualifying Examination (SQE) key terms

The person on whose behalf an agent is authorized to act, with the scope of authority determined by the actual arrangement.

A person acting for a principal within relevant authority, whose duties are not eliminated by an opportunity to earn commission.

A person working within the relevant Hong Kong estate agency licensing framework, distinguished from assuming the authority of every other license category.

The instrument recording the agency relationship and relevant terms, distinguished from a contract transferring ownership or granting a tenancy.

Authority arising from the principal actual authorization, whose scope must be established rather than inferred from every request by a customer.

A situation in which personal interests or competing responsibilities may affect professional judgment and require the applicable disclosure and management process.

A statement relevant to a transaction decision, whose accuracy and supporting basis should be checked rather than replaced with an unsupported assurance.

An examination of the relevant registered property information, which must be interpreted for its scope rather than treated as a complete building inspection.

A relevant burden or interest affecting property, whose existence and legal effect must be established from the actual documents and framework.

An instrument relevant to the landholding framework and its conditions, distinguished from an assumption of unrestricted foreign-style freehold ownership.

A defined property area measure whose actual basis must be identified, rather than substituted silently for every other advertised area figure.

An initial transaction instrument whose actual terms and legal effect matter, rather than a document that can always be ignored without consequence.

A more detailed transaction instrument whose conditions must be read, rather than assumed identical to every earlier advertisement or oral discussion.

Money paid for the relevant transaction purpose under its actual conditions, distinguished from an agent commission or unrestricted personal funds.

Remuneration under the relevant agency arrangement and conditions, which does not itself confer ownership or unlimited authority over the property.

The transaction stage governed by the actual agreement and applicable law, distinguished from merely advertising a property or obtaining an initial expression of interest.

An arrangement requiring examination of the actual possession rights, agreement and legal framework, rather than a label conclusively established by one isolated word.

An instrument relevant to rights and responsibilities in a multi-unit development, distinguished from an individual agency agreement or advertisement.

A body within the relevant building management framework, whose role is distinct from assuming personal ownership of every individual unit.

An intelligible record of instructions, disclosures and actions that supports later review without replacing missing authority or making a false statement true.