09-11-2023, 04:29 PM
Minister Desmond Lee: No immediate changes to penalties for MOP rule breaches by property agents
MND Minister Desmond Lee said the Council for Estate Agencies (CEA) has no immediate plans to reconsider penalties for breaching minimum occupation period (MOP) rules.
He emphasized the CEA's disciplinary actions, which encompass fines and registration suspensions for errant property agents.
This stands despite recent cases where agents received fines of only S$1,000 and S$500 for advertising BTO flats that did not meet the required five-year MOP.
https://gutzy.asia/2023/11/09/minister-d...ty-agents/
MND Minister Desmond Lee said the Council for Estate Agencies (CEA) has no immediate plans to reconsider penalties for breaching minimum occupation period (MOP) rules.
He emphasized the CEA's disciplinary actions, which encompass fines and registration suspensions for errant property agents.
This stands despite recent cases where agents received fines of only S$1,000 and S$500 for advertising BTO flats that did not meet the required five-year MOP.
https://gutzy.asia/2023/11/09/minister-d...ty-agents/