This is the kind of rubbish SPH( see below) that churns out to Singaporeans. Motherhood statements that does not add value to ERA Property Fraud Debate and does not address the current issues.
Han Fook Kwang and Patrick Daniel really need to ask themselves is this the best that SPH can deliver to their readers and to the country. The issues are very simple and there few here.
1) Does the industry need regulation
2) Are there sufficient mechanisms to help protect the average buyer and seller from dishonest brokers/agents
3) Can the average seller/buyer afford to seek redress thru the courts
4) What is the perception of this industry - good, bad or ugly?
5) Can we spare a few of the scholars to devote sometime to draw a set of minimum standards.
6) Has the Press failed in playing a responsibler part of raising awareness
Source : Sunday Times - 8 Feb 2009
A property agent should work in his client’s best interest, so look out for anything that indicates otherwise.
1 Do your homework. Always get a valuation done on the property so you know if you are being cheated, said Mr C.M. Tan, 64, a retired bank manager who has worked on home loans.
2 Don’t rush to appoint an agent. Meet a few and have detailed discussions with them before deciding on one, said Ms Ivy Lee, chief executive of Ivy Lee Realty.
3 Get a reputable agent from recommendations by friends.
4 If an agent is unwilling to advertise or co-broke your property, he is not exposing it to a maximum number of buyers, said experts.
5 Be wary of agents who make promises that sound too good to be true, said Ms Lee.
6 Do not leave your agent alone to do his work. Check up on him every two weeks or so to ensure that he is working hard to sell the property.
Han Fook Kwang and Patrick Daniel really need to ask themselves is this the best that SPH can deliver to their readers and to the country. The issues are very simple and there few here.
1) Does the industry need regulation
2) Are there sufficient mechanisms to help protect the average buyer and seller from dishonest brokers/agents
3) Can the average seller/buyer afford to seek redress thru the courts
4) What is the perception of this industry - good, bad or ugly?
5) Can we spare a few of the scholars to devote sometime to draw a set of minimum standards.
6) Has the Press failed in playing a responsibler part of raising awareness
Source : Sunday Times - 8 Feb 2009
A property agent should work in his client’s best interest, so look out for anything that indicates otherwise.
1 Do your homework. Always get a valuation done on the property so you know if you are being cheated, said Mr C.M. Tan, 64, a retired bank manager who has worked on home loans.
2 Don’t rush to appoint an agent. Meet a few and have detailed discussions with them before deciding on one, said Ms Ivy Lee, chief executive of Ivy Lee Realty.
3 Get a reputable agent from recommendations by friends.
4 If an agent is unwilling to advertise or co-broke your property, he is not exposing it to a maximum number of buyers, said experts.
5 Be wary of agents who make promises that sound too good to be true, said Ms Lee.
6 Do not leave your agent alone to do his work. Check up on him every two weeks or so to ensure that he is working hard to sell the property.
