G
General Veers
Guest
Money
Home > Breaking News > Money > Story
Nov 26, 2009
Yes to ending dual role
Respondents in public consultation exercise also want an entrance exam
<!-- by line --> By Joyce Teo
<!-- end by line -->
<!-- end left side bar -->
Respondents had also called for the licensing of individual agents. While the Government had called for industry-led accreditation, some respondents wanted the Government to handle this. -- PHOTO: AFP
<!-- story content : start --> A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest - with many giving the idea the thumbs up. This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest. But there is likely to be resistance from some agents who stand to lose commissions if it is implemented. The proposed ban is one of a series of possible changes in a planned industry overhaul after years of complaints about questionable practices by some agents. A public consultation exercise on a planned real estate regulatory framework drew more than 200 comments and suggestions, said the Ministry of National Development (MND) on Wednesday. The proposal most commented upon was the ban on dual representation.
Read the full story in Thursday's edition of The Straits Times.
[email protected]
Home > Breaking News > Money > Story
Nov 26, 2009
Yes to ending dual role
Respondents in public consultation exercise also want an entrance exam
<!-- by line --> By Joyce Teo
<!-- end by line -->
<!-- end left side bar -->
Respondents had also called for the licensing of individual agents. While the Government had called for industry-led accreditation, some respondents wanted the Government to handle this. -- PHOTO: AFP
<!-- story content : start --> A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest - with many giving the idea the thumbs up. This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest. But there is likely to be resistance from some agents who stand to lose commissions if it is implemented. The proposed ban is one of a series of possible changes in a planned industry overhaul after years of complaints about questionable practices by some agents. A public consultation exercise on a planned real estate regulatory framework drew more than 200 comments and suggestions, said the Ministry of National Development (MND) on Wednesday. The proposal most commented upon was the ban on dual representation.
Read the full story in Thursday's edition of The Straits Times.
[email protected]
:o 
