“Tenancy Guide for Non-local Students in Hong Kong”

The booklet introduces to non-local students the important points to note about renting a flat in Hong Kong.
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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.

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.

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.

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.

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.

TV Announcement in Public Interest “Place all deposits at a law firm for stakeholding”

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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.

New leaflet on “Notes on Appointing Estate Agents”

The new leaflet to remind the public of important points-to-note when appointing estate agents.
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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 […]