{"id":111776,"date":"2019-10-22T11:00:21","date_gmt":"2019-10-22T04:00:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-fined-and-suspended-for-unethical-and-unprofessional-conduct\/"},"modified":"2019-10-22T11:05:37","modified_gmt":"2019-10-22T04:05:37","slug":"property-agent-fined-and-suspended-for-unethical-and-unprofessional-conduct","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-fined-and-suspended-for-unethical-and-unprofessional-conduct\/","title":{"rendered":"Property agent fined and suspended for unethical and unprofessional conduct"},"content":{"rendered":"


\nJames Ngu was fined and suspended by the Council for Estate Agencies (CEA) for trying to negotiate for a higher commission for himself.\u00a0
\nNgu Ping Chuan James Ethan, PropNex Realty Pte Ltd property agent, was fined $30,000 for three violations of the Council for Estate Agencies\u2019 (CEA) Code of Ethics and Professional Client Care while representing a client in a condominium unit purchase.
\nThe CEA also ordered a 12-month suspension of the agent\u2019s CEA registration (as a property agent) to carry out estate agency work for each charge. Starting 16 October, the suspension periods will run concurrently.
\nSo far, this is the highest sentence that a CEA Disciplinary Committee has issued against a property agent under disciplinary proceedings.
\nAround 2016, Ngu was engaged by his client to find a private property in the central or eastern part of Singapore. In March 2017, Ngu assisted his client to look at a condominium unit at the eastern part of Singapore, valued at $1.04 million.
\nThereafter, Ngu told the seller\u2019s agent that his client wanted to buy the property and then inquired about the commission payable to him.
\nThe seller\u2019s agent informed Ngu that the seller was willing to sell the property for $1.02 million, and to give Ngu a commission of one percent of the sale price. Ngu then negotiated for a 2.5 to three percent commission instead. Ngu did not tell his client of the seller\u2019s $1.02 million offer.
\nNgu later told the seller\u2019s agent that his client\u2019s offer now stood at $1.04 million and asked for a three percent commission. In reality, however, the client gave no such instructions.
\nAfter much negotiation between Ngu and the seller\u2019s agent, the final offered purchase price for the property sat at $1.01 million, with Ngu being advised to collect commission from his own client.
\nOn April 2017, Ngu advised his client to reject the offered price due to an alleged high price, when his real reason was because he failed to negotiate for a three percent commission of the sale price.
\nLater, the client directly inquired with the seller\u2019s agent regarding the property\u2019s availability and offered $1.04 million for it. The seller agreed then accepted the offer.
\nThe client later learned that Ngu made a similar offer but with the condition that he get a three percent commission of the price.
\nNgu\u2019s acts caused the client to suffer a loss of around $20,000 to $30,000, which is the difference between the $1.04 million purchase price and the seller\u2019s initial offer of $1.02 million which Ngu failed to reveal to his client.
\nNgu pled guilty to charges of: failing to convey the seller\u2019s offer to sell the condominium unit at a minimum price of $1.02 million to his client; continuing to act on behalf of his client and failing to declare in writing his conflict of interest in getting a co-broke commission; and failing to convey to his client a counter-offer to sell the property at the price of $1.01 million, and with his commission to be paid by his client.
\nRead our handy\u00a0HDB Buying Guides\u00a0or find a\u00a0home on PropertyGuru.\u00a0
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property agent fined and suspended for unethical and unprofessional conduct<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

James Ngu was fined and suspended by the Council for Estate Agencies (CEA) for trying...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111776","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t4Q","jetpack-related-posts":[{"id":67340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agent-punished-for-flouting-cea-rules\/","url_meta":{"origin":111776,"position":0},"title":"Property agent punished for flouting CEA rules","date":"September 25, 2017","format":false,"excerpt":"\r In the latest case, a PropNex agent was suspended for almost one year and fined $6,000 for flouting the rules when representing an elderly couple in the sale of their HDB flat. (Photo: CEA) For violating the Code of Ethics and Professional Client Care (CEPCC), the Council for Estate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agents-professional-standards-have-improved-say-property-industry-players\/","url_meta":{"origin":111776,"position":1},"title":"Agents\u2019 professional standards have improved, say property industry players","date":"October 23, 2019","format":false,"excerpt":"\r A CEA spokesperson has observed an \u201coverall decrease\u201d in complaints relating to agents acting against their clients\u2019 interest or unethically from 2017 to 2018.\u00a0 The professional standards of real estate agents have improved over the years, said industry players after online criticism that some of the agents failed to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-agency-agent-fined-over-sale-of-foreign-property\/","url_meta":{"origin":111776,"position":2},"title":"Real estate agency, agent fined over sale of foreign property","date":"December 6, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Albany Heights Villas, a residential project in Auckland, New Zealand. The Council for Estate Agencies\u2019 (CEA) Disciplinary Committee has fined SQFT Global Properties Singapore $10,000 for failing to supervise the conduct of one of its former agents on the sale and marketing of a property in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/man-fined-71500-for-unregistered-estate-agency-work\/","url_meta":{"origin":111776,"position":3},"title":"Man fined $71,500 for unregistered estate agency work","date":"April 19, 2018","format":false,"excerpt":"\r Under CEA rules, it is an offence for someone to act as an agent in any property transaction if they are not registered or licensed. (Photo: CEA) A 36-year-old man was fined $71,500 on Wednesday (18 Apr) after pleading guilty to eight charges of posing as a property agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/man-jailed-fined-23000-for-illegal-estate-agency-work\/","url_meta":{"origin":111776,"position":4},"title":"Man jailed, fined $23,000 for illegal estate agency work","date":"February 21, 2017","format":false,"excerpt":"\r Consumers are urged to engage only property agencies and agents who are licensed and registered with the CEA. Shakir Khan, a 56-year-old Singaporean, was convicted in court of two charges of conducting estate agency work without first being registered as a salesperson, or licensed as an estate agent by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/man-fined-72000-for-illegal-estate-agency-work\/","url_meta":{"origin":111776,"position":5},"title":"Man fined $72,000 for illegal estate agency work","date":"April 4, 2019","format":false,"excerpt":"\r The unlicensed agent had posted nine online advertisements for the lease of private properties and HDB flats on public property portals. A 31-year old man was convicted in court of nine charges of conducting estate agency work without being registered as a real estate agent with the Council for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111776"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111776"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}