08 Feb '18, 2pm

Singapore Launches Property Agent Rating System and Public Transaction Histories

Singapore Launches Property Agent Rating System and Public Transaction Histories

Singapore’s legion of property agents will soon be publicly rated online Singaporeans may soon be able to rate the city-state’s nearly 30,000 property agents in much the same way they assess restaurants and Uber drivers. The Council for Estate Agencies (CEA), a government body that regulates the industry, announced plans to collect and publish customer ratings of real estate agents, and to make property transaction histories available to the public. The CEA will publish property transactions closed by agents to enhance professionalism in the industry and transparency to consumers, said the regulator. Ratings System Kicks Off This Year The council aims to work with the industry to gather and publish clients’ ratings of agents over the long term, in an effort to improve accountability, CEA said in the statement. The rating system will be applied to the island-state’s 28,571 ...

Full article: https://www.mingtiandi.com/real-estate/agencies-people/si...

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