The Freshman

Table of Content 1-2
 
26. Premium must be paid before letting an HOS flat
27. The promise of gift may not materialise, and the gift may not be worth it
28. Providing false information will bring about serious consequences 
29. Stamp duty may have to be paid on a provisional agreement, but may be exempted if the deal is annulled
30. In the conveyance of a small house, one should take note of whether premium has to be paid
31. A willingness to furnish proof enhances mutual trust
32. Inspect the common areas and learn more about the property
33. Vacant possession is essential, purchaser's rights are paramount
34. Submit offers as instructed, disclose commission as stipulated
35. Liability for commission should be resolved before collection action
36. Determination of Commission Disputes
37. Care should be taken in changing names in an agreement as stamp duty may have to be paid a second time
38. If a property is sold "as is", the purchaser should understand what it means
39. Care should be taken in viewing properties so as to avoid paying double commissions
40. The terms of a contract must be carefully considered and honoured once the contract is signed
41. The user of a property should be checked to avoid purchasing a "useless" property
42. Conveyance of a village house with a garden
43. Power of Attorney must be explicit and valid
44. When acting as an intermediary on line, beware of your liabilities
45. Whether renting or buying, land search is indispensable
46. The area of a property is important and must be verified
47. A Deed of Gift may affect property right
48. The agent should carry out his client's instructions and obtain his consent before acting
49. Falling prey to an internal subscription swindle
50. Specify the chattels in the provisional agreement for sale and purchase
 
Back to EAA Publications

 

© Copyright 2002 Estate Agents Authority. All rights reserved.

LICENCE LIST

Ascertain if the person concerned is currently licensed and the details of the licence

Learn More
LICENSEE CORNER

Useful quick links for Licensees

Learn More
CONSUMER EDUCATION WEBSITE

Useful information and advice for consumers

Learn More
CANDIDATE CORNER

Useful information before becoming an estate agent

Learn More