FAP Turbo

Make Over 90% Winning Trades Now!

Saturday, January 23, 2010

Proposal Is Compulsory Accreditation For All Properties Agents

By Billy Chen

With the low entry barrier, the real estate agents make up 30,000 of Singapore's population of 4 million residents. Coupled with non-existent requirement for qualification test or exam for the job holders, that probably explains the deteriorating service within this real estate industry.

In response to a market that is fast losing faith on the falling real estate service level indicators, Singapore government announced a multi-pronged approach in its attempt to correct the situation. These proposed solutions are: Industry led accreditation body, Enforcement agency, Dispute Resolution Tribunal.

An important part of the proposal is mandatory accreditation for all brokers. The accreditation body should be headed by industry veterans. And it would be a central database publishing with agents in order to evaluate the background agents who want to employ.

The public search would hope that the role of hopping a subject that previously was not known, and stick to the substance with more cards to solve.

Enforcement Agency in the draft and recommended. Enforcement Agency is looking for agents and adventurers competent authorities. And it is also responsible for dealing with the weakness in the form of penalty points.

To the people who are increasingly losing confidence in the current system, it is certainly timely booster. With the founding of the experts who lead real estate dispute settlement tribunal trying conducted a quick resolution of issues related to property and thus save money for everyone involved.

The government would set up the dispute resolution tribunal from its fund initially, but over time, the cost and the responsibility of running it would be handed back to the industry.

If the number of reported complaints, it is expected that the court was convinced, as it begins its work. For this reason, the Government stresses that it is not a substitute for the existing courts in the Agency. This agency level, will meet the court continue its purpose and also as a gatekeeper of the official dispute resolution court.

That could remove at least a few months before the proposal would be implemented in full, and compare their effectiveness. But the government acknowledged that all parties in this dilemma is anxious to improve the current situation and the government would also facilitate the program through public education needs. - 23212

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home