16 Mar '11, 7am

Should agents be banned from collecting commissions from both landlords and tenants?

THE article by Ms Jessica Cheam last Saturday was timely ("When your agent does not act in your interest"). Although the Council for Estate Agencies (CEA) has banned dual representation, where the same agent cannot represent both buyer and seller, in a sales and purchase agreement, it has said nothing about a rental agreement. Recently, I purchased a property with tenancy. There was no formal rental agreement between the previous owner and the tenants. When I asked the agent representing the previous owner if he could draft a rental agreement for me and the existing tenants, he boldly asked the tenants for a commission. The tenants were upset because he was asking for a lot of money. I was upset because he put off my tenants and put a strain on our relationship. I was in fact ready to pay him a commission for doing the paperwork. However, that does not warrant a commission...

Full article: http://www.straitstimes.com/STForum/OnlineStory/STIStory_...

Tweets

Property agents' views on proposed changes by URA

Property agents' views on proposed changes by URA

channelnewsasia.com 18 Mar '11, 3pm

SINGAPORE : Some real estate agents are expecting slower home sales over the short-term, if developers are required to pub...