Act by sage premium for real estate
Here are some links which estate agents and salespersons can refer to for more information. Various insurance companies are offering a variety of PII packages in the market. Credit: chameleonseye/Getty Images/iStockphoto. Stockland WA General Manager and UDIA WA President Col Dutton suggested tuning in to property news to increase your understanding on the current climate. * The minimum indemnity limit can cover both the entity and its salespersons.Įstate agents and salespersons can purchase any PII policy which satisfies their business needs from any insurance company in Singapore as long as the minimum requirements above are met. Sage advice for those stepping into homeownership. Non-sole-proprietorships with 1-10 salespersons or Sole-proprietorship with 2-10 salespersons Sole-Proprietorship with only 1 salesperson Maximum Deductible (in respect of each claim against salesperson) Maximum Deductible (in respect of each claim against entity) The table below sets out the CEA's requirements: Policy Wording: Negligence-based, Cost inclusive Category Estate agents and salespersons can choose to purchase policies with a higher coverage. PII protects estate agents and salespersons, who can be held legally liable for claims arising from wrongful acts (such as negligent acts, errors, and omissions or breaches of professional duty) committed during the performance of professional services.Įstate agents are required to purchase a PII policy which covers both the entity and the salespersons.Įstate agents are to ensure that both the entity and all its salespersons are sufficiently covered. SkillsFuture Study Award for the Real Estate Agency Industryįrom, all estate agents and salespersons are required to be covered by Professional Indemnity Insurance (PII).Guide on Best Practices for Consumer Ratings of Property Agents.Exclusive Agency Agreements: Commitment to Service.Strengthening Professionalism & Upskilling the Workforce.Facilitating Seamless, Efficient, & Secure Property Transactions.SMEs Go Digital Programme for the Real Estate Agency Industry.Uplifting the Industry through Digitalisation.Real Estate Agency Examination Syllabus.Apply for the Real Estate Agency Examination.
Apply for the Real Estate Agency Course.
Act by sage premium for real estate registration#
Act by sage premium for real estate code#
Code of Ethics & Professional Client Care.Industry Briefing on the Estate Agents Act Amendments.