SAEA to roll out courses for real estate firms

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 the CEA, the regulating body of the real-estate industry.

SAEA said the courses will help real estate agencies write reports or documents needed to apply for real-estate licences.

SAEA said small to medium firms will benefit the most through the courses, because they might not have been regularly documenting their day-to-day operations.

Tan Tee Khoon, CEO of Singapore Accredited Estate Agencies, said: “In the event (the boss) grows the business by engaging more salespersons, or turning the sole proprietorship into a partnership or private limited company, he will be able to use this as a base to build upon. So we think that the beneficiaries will be small firms.”

Source : Channel NewsAsia – 24 Nov 2010

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