The writer of the letter “No principle in CEA fee policy” (May 31) has clearly expressed the concern of the real estate industry.
According to the Council for Estate Agencies (CEA) website, the initial licence and registration period of two and three years (from January last year) has been staggered for different estate agents and salespersons.
This is to better facilitate the industry and the CEA administratively in the subsequent renewal for all estate agents and salespersons on a two-year basis.
It is obvious that salespersons and even the majority of estate agencies are unaware of this and that the CEA fee policy is contradictory.
The writer’s question is about why registration fees are subject to repayment, not what they are paid for. The CEA, which replied that “Real estate sellers must meet criteria” (June 12), should not deviate from this.
Most of the estate agencies are also unaware that they, and not the salesperson, are responsible for paying the fee.
They still offer to waive the fee to entice salespersons to join them.
From John Ow
Source : Today – 2012 Jun 25