A property agent has been fined S$30,000 and suspended 12 months for being unprofessional and unethical in a property transaction, said the Council for Estate Agencies (CEA) on Monday (Oct 21). This is the highest fine and longest suspension meted out to a property agent, the statutory board said in a media release. PropNex Realty agent Ngu Ping Chuan James Ethan, also known as James Ngu, 39, made...
Council for Estate Agencies (CEA)
The Council for Estate Agencies (CEA) earlier this week issued new guidelines for property agents and salespersons marketing foreign properties. Industry players generally welcome the move, but some said the guidelines could pose challenges. In the last couple of years, more Singaporeans have been buying properties overseas, in countries such as Malaysia and the United Kingdom. To help consumers...
The Council for Estate Agencies (CEA) has announced a new training roadmap to boost the capabilities and professionalism of real estate agency leaders and salespersons. Separately, the Housing and Development Board (HDB) has also introduced a new electronic resale checklist, which could mean less hassle for those hoping to buy or sell their flats. CEA’s new Continuing Professional Development (CPD)...
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...
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...
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...
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...
While the Council for Estate Agencies (CEA) considers a potentially shorter timeframe for dispute resolution, National Development Minister Khaw Boon Wan has responded to Singaporeans’ feedback over a recent blog post about the CEA entitled ‘A Very Busy First Year’. Mr Khaw expressed gratitude for the feedback, highlighting that the views agreed on were improving public education for consumers,...
The Council for Estate Agencies (CEA) will continue to take steps to enhance industry standards as well as protect consumers, wrote Minister for National Development Khaw Boon Wan in his latest blog post. “We set up the Council for Estate Agencies (CEA) to raise the professionalism of the industry so as to better protect consumer interest. CEA has now completed its first full year,” Mr Khaw...