New online service for real estate agencies

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Application and renewal of real estate licences will be available online starting in May, according to a press release issued by the Housing Bureau (IH) yesterday. As of the end of April this year temporary licences for real estate agents numbered 1,199, and are valid until June 30. Temporary licences for real estate brokers totalled 3,820. In order to facilitate application procedures for the real estate industry the Housing Bureau will start offering an online booking service early this month to reduce the waiting time of applicants for licences. The Housing Bureau suggests applicants for real estate agency and brokerage licences apply for renewal of their temporary licences as soon as possible in order to leave time to process their applications before their current licences expire in order to continue conducting their business without interruption. Currently, the online booking services for the real estate business include licence application for real estate brokerages and real estate agencies, commercial premises’ certification, licence replacement or certification, licence renewal and general matters relating to the real estate agency business.