Agents failed to disclose interest

2017-06-29

Estate agents should make a full disclosure of any conflict of interest to their clients in relation to the properties they handle. Otherwise, they may be subject to disciplinary action by the Estate Agents Authority.

Estate agent sanctioned for distorting facts of sale

2017-06-08

Estate agents should act according to their clients’ instructions and should not commit misrepresentation to clients.

Agents must check agreements thoroughly

2017-05-18

Estate agents should ensure that all parties agree to all the information and terms provided in a tenancy agreement, and they should explain accurately to clients each clause.

Pay attention to prices

2017-04-27

Estate agents should not make any misrepresentations to clients on the property purchase price and relevant stamp duties. Otherwise, they may be subject to disciplinary action by the Estate Agents Authority.

Don’t draw a blank on commissions

2017-03-30

WHEN arranging for clients to sign a provisional agreement for sale and purchase of a property, estate agents should not leave essential terms blank – such as the total amount of commission payable by the purchaser and/or the vendor. Otherwise, they may be subject to disciplinary action by the Estate Agents Authority.

Don’t pay deposits directly to vendor

2017-03-02

It may be risky for purchasers to pay deposits directly to vendors – especially in the transaction of properties involving undischarged mortgages.
Estate agents should warn the purchaser of the risks involved, and advise the client to stakehold the deposits by a firm of solicitors before arranging for the parties to sign the provisional agreement for sale and purchase.

Ascertain risks before acquisition

2017-02-09

BUYING properties involving a deed of gift or assignment at nil consideration may involve risks – such as difficulties in obtaining a sufficient mortgage from a bank. Estate agents handling related property transactions should inform purchasers to seek legal advice. Otherwise, they may be subject to disciplinary action by the Estate Agents Authority.

Reprimand for failure to declare

2017-01-19

INDIVIDUAL estate agents should make a declaration of submission of registrations of intent in the sale of firsthand residential properties – otherwise, they may be subject to disciplinary action by the Estate Agents Authority.

Watch your step, agents warned

2016-12-22

ESTATE agents should maintain good order in first-sale sites when carrying out promotional activities, including not committing behavior that may endanger the safety of drivers and other road users. Otherwise, they may be subject to disciplinary action by the Estate Agents Authority. Authority staff discovered a salesman standing on the road when they drove to […]

Buyers under 18 can’t sign contracts

2016-12-01

Estate agents should keep themselves informed of any laws and government regulations relevant to their work in order to be in a position to advise their clients in a responsible manner. An estate agent acted for both the vendors and purchasers as dual agent in a property transaction. The purchasers were a mother and her […]