Licensing Fees for Estate Agents (Agencies) and Salespersons (Housing Agents) in Singapore
I read the Press Release issued by the Ministry of National Development (MND) on 15 September 2010, pertaining to the $230 annual registration fee for each sales person.
Council for Estate Agencies (CEA) which is formed and under MND, will officially take over in regulating the real estate industry from 22nd October 2010.
It is certainly a move that is more than welcome, to clean up the 'cowboy industry', which was given the opportunity to self-regulate for years. Unfortunately, the opportunity was not treasured.
However, the annual registration fee of $230 is an eye sore in my opinion. I understand fee is necessary to maintain the administration workload. But at $230 annually? This equates to $6.9M to be collected annually from 30,000 sales persons(housing agents), excluding the fees to be collected annually from 17,000 estate agents (agencies) ranging from $300 to $30,000 per agent. Minister Mah Bow Tan in his parliament speech of 'The fees will be kept affordable'. I thought at $20 annually is real reasonable and affordable.
3 Of The Top 9 Reasons 5 Main Benefits Of Renting A House Benefits of Renting a Vacation Buying Vs Renting a House Buying a House Versus Renting a House California Health Insurance Independent Health Charlotte Real Estate How to Sell Condo Hotels A New Second Home Do You Have To Use A Real Dubai Apartments for Rent Exploring Retail Sign Options For Real Flats to Rent and Houseshares Four Things to Consider Before Renting Home Buyers and Sellers Real Estate How Much Trust Do You Place How To Get The Right House How To Start A Estate How to Choose a Good Real How to Choose a Literary Agent How to Rent Your House How to Rent a Villa Online Is Buying a Timeshare Licensing Fees for Estate Agents (Agencies) Luxury and Comfort of Renting Luxury Making an Open House Succeed The Pointers New York Real Estate Ownership Guide Operational Problems to Avoid Pennsylvania Real Estate Agencies Pop Quiz Commercial Real Real Estate 201 Finding A house Real Estate Agencies Single Or Dual Real Estate Leads 101 Are You Copping Real Estate Software An Agents Guide Rent Back House A Buyers Rent Back House More Homeowners Are Aware Rent Back House Save Rent Back House And Organize Rent HDB Flats in Singapore Rent Out Furnished Apartments Rent a Flat in Fife Deposit Rent a Villa Check the Amenities Renting Flats in London Finding Renting a Flat in Bromley Renting a House What You Need Report The Real Estate Market In Panama Seattle Real Estate Agencies The Gaping Difference Between The Heritage Hotel Bangkok Studio Apartments The Real Estate Blog Three Things to Consider Before Tips For Renting a Flat Top 10 Real Estate Marketing Tools Top 5 Areas to Rent Student Top 7 Mistakes Rookie Real Top Three Reasons to Use a Real Top Tips in Renting Villas to Rent Will Make We Buy Houses Agents Why Are Estate Agency Fees
All rights reserved
Copyright © 2010 - 2018le>