The laws governing the house agenst are flimsy,if not a
joke.
Under the Act,There is no minimum academic and prefessional
requirements.
I find it is just contray to MAS governing the insurance
agents,
who are treated as a step son by MAS.
House agents ,who become uncontrollable,are too spoiled by
IRAS.
Tt seem too many agencies involved in house agents,but no
one has the final say.HDB is sure heavily involved.But i
think
HDB is just a paper tiger to regulate house agents.
The current laws only permit the agency license to be cancelled
after
the misconduct go to court.How come Ministry of Environment
can suspend Newton stall for 3 months after the few hundred
dollars
dinner was disclosed?
The whole Act must be overhauled now!!
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This is time that only one ministry shall be responsible to
regulate
the house agents.The ministry shall be the coordinator.
http://statutes.agc.gov.sg/
Definition of house
agent
3. Every person, firm or company who —(a) as an
agent for any other person, for or in expectation of any fee, gain
or reward of any kind, advertises for sale or letting any furnished
house or part of any furnished house;(b) by any public notice or
advertisement or by any inscription in or upon any house, shop or
place used or occupied by him, or by any other ways or means, holds
himself out to the public as an agent for selling or letting
furnished houses; or(c) lets or sells or makes or offers or
receives any proposal or in any way negotiates for the selling or
letting of any furnished house or part of any furnished house,
shall be deemed to be a person using and exercising the business,
occupation and calling of a house agent, and shall be a house agent
within the meaning of this Act.
House agents to be
licensed
5. Every person, firm or company carrying on the
business of a house agent shall take out a licence in Form B in the
First Schedule.
Evidence of misconduct
11. The judgment of any court of competent
jurisdiction whether civil or criminal, having the effect of
finding that any licensed person —
(a) is liable or responsible for any money or property come into
his possession or control as a licensed person under circumstances
amounting to a breach of trust or duty;(b) has committed any
offence as a house agent; or(c) has paid or agreed to pay to his
employer any part of his charges or expenses by way of return
commission when the employer is a person accountable to any other
person for the proceeds of the sale,
shall be ground for the
cancellation of his licence.
Offences triable by District
Court
12. Any offence punishable under this Act may be
tried by a District Court.
Power to make
regulations
13. The Minister may make regulations necessary
for or convenient to carrying out the provisions of this Act,
including but not limited to the length of notice to be given and
the manner of advertising sales on the instructions of mortgagees
acting under powers of sale or of any person in a position of trust
with respect to or liable to account for the proceeds of
sale.''
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Pl save SG from international big joke in preoperty
transaction!!