Source : Straits Times - 20 Mar 2009
I REFER to Wednesday’s report, “Government to tighten rules for housing agents”.
I agree with National Development Minister Mah Bow Tan that certain standards must be set and tougher measures must be taken against agencies that fail to rein in their agents.
Punitive action - and not the passing of examinations - is the best way to deal with unethical agents.?
Examinations will not prevent a similar incident from happening in the future as this is an issue that involves moral values, not academic knowledge, of the agent.
For example, an agent may pass the Common Examination for House Agents and represent an accredited agency, but continue to make “secret” profits from other sales transactions if he joins another real estate company.
(It is my understanding that some companies still accept agents who have been convicted in court.)
I suggest the following:
1. Housing agencies should do a cross-check on agents who have resigned or had their services terminated by another agency. If they are found to have any previous criminal convictions, they must be barred permanently from returning to the industry.
2. Impose a heavy fine on agents who make “secret” profits at the expense of their clients.
Raymond Lim
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