Property News · February 18, 2020

How a property agent fell afoul of the Estate Agents Authority’s code of ethics by offering loan to a client


It is common for prospective buyers to submit more than one registration of intent to stand a better chance of purchasing first-hand residential properties through balloting. Sometimes, they might not have sufficient down payment for multiple submissions. Notwithstanding, property agents are not allowed to offer loans to prospective purchasers to help them submit any registration of intent under any circumstances.According to the Practice Circular (No. 13-04 (CR)) issued by the Estate Agents…

Source : South China Morning Post
Read more…How a property agent fell afoul of the Estate Agents Authority’s code of ethics by offering loan to a client

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