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Contest questions for the 1/2019 issue

The Read & Win Contest for the 1/2019 issue of CEAnergy is now open till 17 May 2019, 11.59pm. You must be a CEAnergy subscriber to participate.

  1. What type of transaction records that are closed by property agents are currently available in the CEA Public Register? (You may select more than one)
    • Resale of HDB flats
    • Renting of HDB flats
    • Sale and purchase of private residential properties
    • Rental of private residential properties
  2. From 1 October 2019, the requirement per CPD cycle will be simplified to six credits – four credits to be awarded from generic competency courses and two credits from professional competency courses. True or false?
  3. Which of the following is an industry association for the estate agency industry? (You may select more than one)
    • Council for Estate Agencies (CEA)
    • Institute of Estate Agents (IEA)
    • KEO Connect
    • Singapore Estate Agents Association (SEAA)
    • Singapore Institute of Surveyors and Valuers (SISV)

Answer all the questions correctly in our online contest and you could win $30 worth of shopping vouchers! By participating in this contest, you are deemed to have agreed to our contest rules and regulations.

Hint: All answers can be found in this issue’s articles.

CEAnergy 4/2018 issue Read & Win Contest Answers and Winners

Here are the answers to our Read & Win Contest in the 4/2018 issue!

  1. Name one of the key areas that property agencies should pay attention to when they implement measures to counter money laundering and terrorism financing activities arising from property transactions.

    Answer:

    1. Identify and document the risks of money laundering and terrorism financing activities; OR
    2. Track and draw up training plans for agents to gain knowledge on combating money laundering and terrorism financing activities; OR
    3. Conduct compliance checks to ensure that agents comply with the anti-money laundering and countering terrorism financing requirements.
  2. Which of these statements are true? (You may select more than one)

    Answer:

    • If a consumer chooses to handle his property transaction on his own, he can expect the other party’s agent to help him with the paperwork or render advice.
    • In a rental transaction, a property agent’s responsibilities end after the property has been handed over to the tenant.
    • Even if you have agreed on a commission amount with your agent before the agent starts work, you can still change your mind about the amount anytime during or after the transaction is completed.
    • If a consumer has queries about matters such as property valuation or legalities, he should go to the subject matter experts for advice and not insist that his property agent advise on matters that are beyond his expertise.
    • When marketing foreign properties in Singapore, property agencies must confirm that guarantees made in property advertisements e.g. return on investments are binding on the developer.
  3. List three types of Type A advertisement infringements that property agencies must investigate and take action against their property agents.

    Answer: Any three from the list below

    • Distribute flyers in an improper way, e.g. place flyers in front of door steps, in between the railings of wrought iron gates, or on the windshields of cars;
    • Put up advertisements or distribute flyers with missing or wrong information, such as company information, agent’s registration number, or contact number;
    • Place advertising banners at public or private premises without approval from relevant authorities;
    • Use business names or titles that cannot be substantiated, e.g. claim of expertise; Send spam emails; and
    • Offer freebies or distribute brochures or name cards, e.g. outside Real Estate Salespersons examination centre, to recruit agents

Congratulations to our winners:

  • Li Xuanru R058027B
  • Poh Zan Xi SXXXX442G
  • Yan Chui Ping SXXXX554J
  • Zhang Miao Miao SXXXX427Z