I REFER to the letter, ‘Free up commissions in housing market’ by Mr Lee Chong Kai (April 20).
The Singapore Accredited Estate Agencies (SAEA) does not stipulate any guidelines concerning agents’ commission rates. The actual commission is a matter to be negotiated privately between the parties, and will depend on market forces.
The SAEA’s main role is to elevate the standard of practice and conduct in the real estate agency industry. All SAEA agencies and any individuals associated with the SAEA have to abide by the Code of Conduct and Ethics set by the SAEA. We will hear complaints concerning the conduct of any individuals associated with accredited estate agencies, and if necessary, take action against those found guilty of such misconduct.
We thank Mr Lee for his feedback and suggest he approach the SAEA should he find any allegation of misconduct of our accredited agents. Check www.saea.org.sg for further details and a list of accredited agencies and agents.
Manisah Jalil (Ms)Secretariat Singapore Accredited Estate Agencies
Source : Straits Times - 9 May 2007
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