25 Sep '17, 3am

Property agent punished for flouting CEA rules

In the latest case, a PropNex agent was suspended for almost one year and fined $6,000 for flouting the rules when representing an elderly couple in the sale of their HDB flat. (Photo: CEA) For violating the Code of Ethics and Professional Client Care (CEPCC), the Council for Estate Agencies (CEA) has suspended PropNex Realty property agent Ng Ser Leong and imposed a fine of $6,000. CEA’s disciplinary committee imposed these penalties after the 44-year-old agent flouted two provisions under the CEPCC while representing an elderly couple in their 80s in the sale of their HDB flat. SEE ALSO: Property agents to benefit from technology First, it was found out that Ng failed to verify if the female seller was fully aware of the transaction’s consequences, as she is illiterate and suffers from an advanced stage of dementia. Under the CEPCC, estate agents must conduct their busin...

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

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