Property
First Prosecution Case Against Unlicensed Selling of Properties
By Doctor Wealth  •  May 22, 2014

Today the first prosecution case has been brought against a person for unlicensed selling of properties. The practice of property seminars selling properties have been plentiful especially after the property curbs. The question is why it took them so long to clamp down on this practice.

 

According to CEA:

The Council for Estate Agencies (CEA) charged Tan Yang Po (50 years old, Singaporean female) trading as AZEA Personal Coaching (“APC”) in Court today for allegedly acting as an estate agent without being licensed with CEA. This is the first prosecution case related to unlicensed estate agency work for the sale of foreign properties.

Under the Estate Agents Act, an estate agent must be licensed with CEA before it can market local or foreign properties in Singapore. Tan, trading as APC, faces five charges for acting as an estate agent without being licensed as an estate agent.

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By Doctor Wealth
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