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Salesperson disciplined for misleading client

Posted on 25 Nov 2013 | Comments Off

On 5 September 2013, Salesperson was found guilty by the Disciplinary Committee for bringing disrepute to the estate agency industry by making misleading statements and producing a misleading HDB ownership information sheet to a potential tenant.

Salesperson tried to rent out a HDB flat co-owned by her and her ex-husband. She misled a potential tenant by saying that the flat was owned by a cousin. Salesperson subsequently produced to the potential tenant a HDB ownership information sheet altered to show only the name of the ex-husband as the owner. The potential tenant was misled on the ownership of the flat and proceeded to lease the flat.

Salesperson was convicted and suspended for three months with effect from 5 September 2013, and ordered to pay fixed costs of $1,000 to CEA.

When seeking to rent a flat, consumers are advised to check that the person you are dealing with is the rightful owner of the flat. Ask for documentary proof of flat ownership e.g. service & conservancy charges booklet, annual loan statements which bear the flat owner’s name.

Source : CEA

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Posted in CEA

Tagged CEA, Council for Estate Agencies, ERA Realty Network Pte Ltd, Estate agent, HDB, Real estate

GST petition hits 300 supporters

Posted on 26 Jun 2013 | Comments Off

An online petition directed at Council for Estate Agencies (CEA) President Greg Seow to make it mandatory for GST to be paid on agents fees has now attracted 300 signatures.

Launched 10 days ago by Jason Lim of Vestor Realty, the petition was born from growing frustration among an increasing number of Singapore real estate agents who are being forced to absorb GST when their clients simply refuse to pay.

Lim told PropertyGuru: “My plan now is to raise more awareness with realtors who are already aware of the petition and to ask them to spread the word and reach more realtors.”

He added: “Some people doubt if this petition will change anything, but all I can say is if we do nothing, nothing will happen.”

Many agents have left their comments in support of the petition.

Jonathan Yap wrote: “We provide a professional service and we should be remunerated as such”, while JC Lee commented: “I not only meet this issue with landlords – even some developers don’t pay us GST.”

A spokesperson for CEA declined to add to their previous statement to PropertyGuru, in which Yeap Soon Teck, Deputy Director (Licensing) confirmed that the organisation has previously received similar feedback, and is currently reviewing the standard forms to emphasise that if the estate agent is GST-registered then GST should be payable to the estate agent.

Petition: http://www.change.org/en-GB/petitions/council-for-estate-agencies-cea-impose-gst-as-non-negotiable-and-compulsory-payable-by-all-consumers

Source – PropGuru – 25 Jun 2013