The Council for Estate Agencies (CEA) has launched a mobile version of its online Public Register of Estate Agents and Salespersons. Called "CEA@SG", the new mobile application is CEA's first app for devices running on iOS and Android platforms. It features the same search functions as those offered on the Public Register on CEA's website (www.cea.gov.sg). With the app, members of the public can now...
Agents
Visible changes have been made over the last two years to improve the standard of real estate agencies, but more changes might be on the way, experts at a National Real Estate Congress said yesterday. The Council for Estate Agencies (CEA) was set up in October 2010 to enhance regulations for the industry, which has about 1,500 agencies and 32,000 licensed agents. The statutory board provides regulatory...
The Council for Estate Agencies (CEA) is watching over the rise of so-called “rental coordinators”, who perform similar functions to legitimate property agents, according to Straits Times. Property firms typically attract individuals who want to work as rental coordinators by offering attractive commission earnings of up to S$10,000 a month. The CEA has observed that in recent months, there have been...
A man who positioned himself as a salesperson has been taken to task by the Council for Estate Agencies (CEA). CEA has filed six charges against Tan Hock Khin, 41. The charges against Tan include holding himself out as a salesperson without being registered with the council, and for impeding CEA inspectors from lawfully gathering evidence of the offences. CEA's allegations are that Tan was not...
With the Council for Estate Agencies (CEA) coming down hard on the industry, there is a growing need for real estate agents to protect themselves. As estate agents look to renew their license this month, many will also be updating their professional indemnity insurance to help safeguard their rights. “By taking up the right type of Real Estate Professional Indemnity Insurance coverage, it also takes...
Property consultancy Jones Lang LaSalle (JLL) today announced its acquisition of property advisory firm Credo Real Estate. Karamjit Singh, Credo's Managing Director, said he hopes the move will help his company increase market share both locally and overseas. “The key driver behind this deal was the culture and values that we share with Credo; we are a people business and our success is based around...
Two property agents have become the first to be punished under the Council for Estate Agencies' (CEA's) disciplinary framework. Under the framework, sales persons who breach its Code of Ethics and Professional Client Care will face disciplinary action. The Disciplinary Committee may, upon determination of the breach, reprimand the sales person, revoke or suspend registration, impose a financial penalty...
Another unregistered estate agent has been sentenced. 48-year-old Lim Beng Kwang is the third unregistered salesperson to be sentenced this year under the Estate Agents Act. Lim was fined S$6,000 for holding himself out as a salesperson, when he was not registered with the Council for Estate Agencies (CEA). Another count of him doing estate agency business without a licence was taken into...
A man has been fined S$40,000 for pretending to be a licensed estate agent. Mr Raymond Sim Soon Leong was sentenced on May 25. He will have to serve eight weeks in jail if he cannot pay the fine. The Council for Estate Agencies (CEA) said on Monday that Sim was fined for two property transactions. Sim was charged on 20 October last year representing himself as a sales agent when he was not registered...
A former property agent has been sentenced to 12 weeks' jail for using fake stamp certificates, the first of such offences be punished. Desmond Tan Hock Heng, 24, pleaded guilty to five charges under the Stamp Duties Act. Three other similar charges were taken into consideration. Tan was sentenced to another two weeks' jail for criminal breach of trust. Tan was with HSR Property Group for less than a...