The Council for Estate Agencies (CEA) has rejected 611 individuals applying to be real estate salespersons. In a written reply to a parliamentary question, National Development Minister Mah Bow Tan said 392 were rejected as the applicants had neither taken CEA-endorsed exams, nor completed at least three property transactions over the last two years. Mr Mah added that these applicants can apply to...
Agents
Catalist-listed Top Global is establishing a real estate investment and development business in Singapore, Malaysia, Indonesia and China, as well as lease or acquire hotels in Chinese cites, said Hano Maeloa, CEO of the company. Top Global recently set up a real estate consultancy firm in Singapore with two partners, which it hopes to franchise in Indonesia. It established Global Property Strategic...
The housing deal was almost completed when a misunderstanding arose. The buyer wanted to fix an appointment with the HDB so that he could move in soon as possible. But the seller was not ready to move out yet. When told of this by the agent, the unhappy buyer emailed a complaint to the Council of Estate Agents (CEA). The agent, who only wanted to be identified as Mr Tan, told MediaCorp: "I felt abused...
The Council for Estate Agencies (CEA) said it would allow estate agencies and property agents, with pending submissions or whose applications are not in order, to act provisionally till the end of this month. Some 813 property agents and 110 estate agencies have been granted this grace period. CEA urges these estate agencies and property agents to provide CEA with the supporting documents quickly. "We...
It has been one week since the new registration regime for estate agencies and property agents came into effect. So far, 1,288 agency licences have been issued. Meanwhile, 28,766 agents have been registered, out of an estimated 32,800 applications received. Observers said the rules will clean up what was previously known as a "cowboy" industry. But some agents are unhappy as they said the process has...
The Council for Estate Agencies (CEA) has stressed that it's an offence for unregistered salesperson to do estate agency work. This includes dealing with buyers and sellers of property, getting involved in the negotiation of the transaction and getting involved in any work after the purchase or sale of the property. Registered real estate agents who appoint unregistered persons to do estate agency work...
Some non-registered property agents have been approaching registered agents to transact deals illegally It has not been a Happy New Year for Mr Lim, a property agent who was poised to close two deals - a $300,000 sale of a Housing and Development Board (HDB) flat and the rental of another unit with a lease of $2,400 a month. However, the 35-year-old found out last week that his registration has not been...
210 property agents have had their registration applications rejected and will no longer be allowed to practise from Saturday. Industry regulator, the Council for Estate Agencies (CEA), said the individuals were found to either have criminal records or records of offences involving fraud and dishonesty. The industry regulator - which was set in October - requires real estate firms to apply for a licence...
The Council for Estate Agencies (CEA) received 151 complaints in just the first month of operations. Established on October 22, the new statutory board regulates the real estate industry and can take action against errant housing agents and agencies. On average, the council received six complaints daily between October 22 and November 28. Some were over misleading information on advertisements and...
The Singapore Accredited Estate Agencies (SAEA) is rolling out a series of courses to help real estate firms comply with regulations of the recently-formed Council for Estate Agencies (CEA). The agency said the courses will assist agencies to put in place standard operating procedures (SOPs) and guidelines for their operations. These SOPs and guidelines are needed by April next year - as stipulated by...