Singapore Gets Tough on Properties Market
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. With the low entry barrier, the real estate agents make up 30,000 of Singapore's population of 4 million residents.
In response to the market that is rapidly losing faith in the code is an indicator of the level of real estate services, announced the Government of Singapore to clean multi-access points in an effort to review the situation. The proposed solutions are: Industry leading accreditation body, Enforcement Agency, Dispute Settlement Court.
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.
Going by the number of reported grievances, it is expected that this tribunal would be overwhelmed as it starts operation. For that reason, government insists that this is not a replacement for the existing agency level tribunal. This agency level tribunal would continue to serve its purpose and additionally function as a gate keeper for official Dispute Resolution Tribunal.
It would still be at least some months away before the proposal can be fully implemented and be checked against its effectiveness. But the government acknowledged the fact that all parties in this dilemma must work towards improving the present situation and government would also facilitate the program through public education. - 23159
In response to the market that is rapidly losing faith in the code is an indicator of the level of real estate services, announced the Government of Singapore to clean multi-access points in an effort to review the situation. The proposed solutions are: Industry leading accreditation body, Enforcement Agency, Dispute Settlement Court.
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.
Going by the number of reported grievances, it is expected that this tribunal would be overwhelmed as it starts operation. For that reason, government insists that this is not a replacement for the existing agency level tribunal. This agency level tribunal would continue to serve its purpose and additionally function as a gate keeper for official Dispute Resolution Tribunal.
It would still be at least some months away before the proposal can be fully implemented and be checked against its effectiveness. But the government acknowledged the fact that all parties in this dilemma must work towards improving the present situation and government would also facilitate the program through public education. - 23159
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posted by X - Men @ 12:11 PM
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