SQE First-hand residential sales (Cap. 621) question: price list for a first-hand development set out

EAA SQEFirst-hand residential sales (Cap. 621)

Which of the following must a price list for a first-hand development set out? (i) The terms of payment (ii) Any gift, financial advantage or benefit made available in connection with the purchase (iii) Who is liable to pay the solicitors’ fees and the stamp duty (iv) The estimated monthly management fee for each flat

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

Show the answer and explanation

Answer: D. (i), (ii) and (iii) only

Answer: (i), (ii) and (iii) only. (i) True. Terms of payment are required (section 31(5)(a)). (ii) True. Any gift, financial advantage or benefit must be set out (section 31(5)(c)). (iii) True. The price list must state who pays the solicitors’ fees and the stamp duty (section 31(6)(a)). (iv) False. Management fees are not a price-list item, and a price list must not set out information beyond what section 31 requires (section 31(9)). Rule: A price list sets out each flat’s price with its saleable area and unit price, the terms of payment, the basis of any discount, any gifts or benefits, who pays solicitors’ fees and stamp duty, and the appointed estate agents. It must not contain anything else about the flats. Source: Residential Properties (First-hand Sales) Ordinance (Cap. 621), section 31(2), (5), (6), (8) and (9); as at Oct 2026

Common mistake

Assuming the price list can carry any useful cost information, when section 31(9) limits it to the listed items.

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Related SQE questions

Which of the following statements about advertisements for first-hand residential properties are correct?Kowloon Homes Agency will deploy 40 staff to the first-sale sites of Pine Crest, whose sale launches on Saturday 14 November 2026. Under EAA Practice Circular No. 18-03 (CR), what must the agency give the EAA, and by when?Derek Ho, a salesperson with Harbour Realty Limited, sends a prospective purchaser this WhatsApp message about a first-hand flat in Sky Crest, Tseung Kwan O: ‘About 700 sq ft gross, only HK$14,000 per sq ft gross.’ The vendor’s price list gives the flat’s saleable area. What is the position?

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An original question written to the published SQE syllabus. Figures in the explanation carry their effective dates; check them against the current law before relying on them. Independent exam practice. Not affiliated with or endorsed by the Estate Agents Authority (EAA) or the examination administrator.