All real estate agents in Singapore must display their Estate Agent Card when working beginning tomorrow, according to a report from AsiaOne.
This is one of the regulatory measures imposed by the Council of Estate Agencies (CEA), following many complaints of unscrupulous activity filed against Singapore agents.
“Beyond the regulatory role, promoting consumer awareness and education are key focuses of CEA’s work,” said Chionh Chye Khye, Executive Director of CEA.
“CEA will work with CASE, HDB and the industry to raise consumer awareness and to educate them on their rights and responsibilities when appointing salespersons for property transactions.”
The Estate Agent Card contains the agent’s name, licence and registration numbers, recent picture and registration expiry date.
Agents found violating this rule could be fined up to S$10,000, imprisoned up to six months, or both.
Additionally, the public register of CEA will be improved to display pictures of all salespersons.