Friday, October 21, 2011

Unregistered property agent charged

A second person was charged on Thursday with representing himself as a property agent without being registered with the Council for Estate Agencies (CEA).

30-year-old Raymond Sim Soon Leong was also charged with failing to obtain a written authorisation from a licensed real estate firm before practising.

Despite being unregistered and unauthorised, CEA said in a media release that Sim had advertised two HDB flats for rental on an online property portal describing himself as a sales director with a licensed estate agent.
CEA said he also represented clients in making offers, negotiated property transactions and conducted flat viewings.

Sim was exposed when his prospective clients checked the CEA's Public Register of Estate Agents and Salespersons, and reported him to the council.

For each of his offences, Sim could be fined up to S$25,000 or jailed for a year, or both.

Since January 1 this year, all property agents must register with the CEA and possess written agreements with their companies before they are allowed to perform their job. Failure to comply with these rules is an offence.

Source : Channel NewsAsia – 20 Oct 2011

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