New leaflet on “Notes on Appointing Estate Agents”

2017-01-17

The new leaflet to remind the public of important points-to-note when appointing estate agents.
Click to read

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 […]

Not everything rosy in garden for salesman

2016-11-10

A salesman introduced a village house with a garden to a prospective purchaser. The purchaser asked if ownership of the garden was included in the sale. The salesman told the purchaser that the garden was sold together with the property. After the second inspection of the property the salesman then arranged for the purchaser to […]

Age is not just a number

2016-10-20

A prospective purchaser appointed an estate agent to buy a property, and arrangements were made to have him view the property twice. During both inspections, the agent told the prospective purchaser that the age of the property was 15 years. The agent presented a copy of the land title search, pointing out a Deed of […]

Mortgage assurance fell short of mark

2016-09-29

ANY WRONG pointers about a mortgage that is given by an estate agent to a client can lead to trouble. One estate agent showed a first-hand serviced apartment to a prospective purchaser and said she could definitely obtain a mortgage of 85 percent of the purchase price from the lending institution appointed by the developer. […]

Agent checked for leasing own property

2016-09-08

LICENSEES should disclose their own personal interests to their clients in relation to the properties they handle. Otherwise, they may be subject to disciplinary action by the Estate Agents Authority. An estate agent arranged for a tenant to enter into a tenancy agreement in a leasing transaction. Throughout the transaction, the tenant had never met […]

Landlord out of the loop

2016-08-04

WHEN SOMEONE claims to represent an absent contracting party in a property transaction then estate agents must ensure that such a person has obtained a power of attorney before the parties enter into a sale or purchase deal or a tenancy agreement. A failure to do so can lead to disputes and an agent facing […]

Agent penalized for misleading would-be shopkeeper

2016-07-14

ESTATE AGENTS SHOULD not make any misrepresentation to their clients and should protect their interests. Otherwise, they can be subjected to disciplinary action by the Estate Agents Authority. A client, interested in renting a property for her retail business, was offered by an estate agent an “upstairs shop” inside a commercial building. She learned from […]

Special stamp duty demand revealed flaw

2016-06-23

ESTATE AGENTS SHOULD be familiar with the government measures covering the property market, not least so they can advise clients properly and fully. If they are not primed for this they could find themselves facing disciplinary action by the Estate Agents Authority. That was the case with a salesperson represented both a purchaser and a […]