Cap. 615 Art. 4Eligibility for licences.   Cap. 13.   Cap. 13.

(1) Any person is eligible to obtain a licence to act as a property broker or real estate agent or a branch manager, provided he:

(a) has attained the age of eighteen (18) years or has been emancipated to trade in accordance with article 9 of the

Commercial Code; and

(b) holds a certificate in real estate having as its subject matter the legal, financial, technical and communication issues related to real estate, its marketing and sale, at a minimum of twelve (12) ECTS at level four (4) of the Malta Qualifications Framework attained from a fully licensed training institution with a regular licence by the National Commission for Further and Higher Education, or;

(c) any other qualifications which the Malta Qualifications Recognition Information Centre recognises as being equivalent:

Provided that where the equivalence of the qualifications are deemed to be only partial, it shall be possible for the applicant to prove his competence in the areas where it is deemed to be lacking by means of an assessment set by the Board.

(2) Any person is eligible to act as a property consultant, provided he:

(a) has attained the age of eighteen (18) years or has been emancipated to trade in accordance with article 9 of the

Commercial Code; and

(b) holds a certificate in real estate having as its subject matter the legal, financial, technical and communication issues related to real estate, its marketing and sale, at a minimum of eight (8) ECTS at level four (4) of the Malta Qualifications Framework attained from a fully licensed training institution with a regular licence by the National Commission for Further and Higher Education; or

(c) any other qualifications which the Malta Qualifications Recognition Information Centre recognises as being equivalent: Provided that where the equivalence of the qualifications are deemed to be only partial, it shall be possible for the applicant to provide his competence in the areas where it is deemed to be lacking by means of an assessment set by the Board.

(3) Notwithstanding sub-article (1) and sub-article (2), no person shall apply for or obtain or be eligible to hold a licence under the Act if:

(a) he is a bankrupt and has not obtained his order of discharge, or, if he has obtained his order of discharge, it is suspended for a term not yet expired or is subject to conditions not yet fulfilled; or

(b) having regard to the applicant’s conduct and repute, his financial position, and to the interests of the public, the applicant is not fit and proper person to carry on the activity of property broker or real estate agent or act as branch manager.