21 Feb '17, 3pm

Man jailed, fined $23,000 for illegal estate agency work

Consumers are urged to engage property agencies and agents who are licensed and registered with the CEA. Shakir Khan, a 56-year-old Singaporean, was convicted in court of two charges of conducting estate agency work without first being registered as a salesperson, or licensed as an estate agent by the Council for Estate Agencies (CEA). Shakir was forced to pay a total fine of $23,000, in default 11 weeks’ imprisonment, for the charges relating to two rental transactions of HDB flats. In May 2012, he represented both the tenant and the landlord of a Kallang HDB flat for a one-year lease of the flat. In this transaction, he facilitated the negotiations between the landlord and the tenant on the terms of the lease. Aside from this, he also facilitated both parties in the signing of a Letter of Intent using the letterhead of HSR International Realtors, collecting a $750 commis...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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