Unlicensed, online real-estate agents under scrutiny

PSD-Kiwi · Post by **PSD-Kiwi** » Sat Jul 25, 2015 3:07 pm

The government’s ongoing campaign to crack down on unlicensed real estate players has shifted to the online world, although whether that will be enough to clean up the sector remains to be seen, according to industry insiders.

The Ministry of Economy and Finance traditionally issues real estate licenses for individuals and property firms, but unlicensed agents have long plagued the property industry by creating unfair competition, registered agents say.

“Licensed agents have to pay tax, [but] they just take the money without paying, so the rates they charge is cheaper,” said Nguon Chhayleang, CEO of Century 21 Regent Realty.

Although they may be cheaper, unlicensed agents are also more prone to taking part in scams and because of their unregistered status, are much harder to hold accountable.

To end this impunity, the government has been finding real estate agents’ listings online and seeing if they are registered with the government.

Continue reading here... http://www.phnompenhpost.com/real-estat ... r-scrutiny

vladimir · Post by **vladimir** » Sat Jul 25, 2015 4:20 pm

Yeah, we don't want competition, that would deprive scammers of cash and result in a realistic rental/selling price, and that would benefit the consumer.

Can't have that..

flying chicken · Post by **flying chicken** » Sat Jul 25, 2015 5:38 pm

Stick to the Vlad's shit Russian market and you wont get scammed.

"Affordable price and with quality." But no bathtub . Fuck off.

CJM555 · Post by **CJM555** » Sat Jul 25, 2015 5:41 pm

Would be a better campaign with regard to the numerous unregistered and unlicensed 'legal advisors' in the Kingdom.
So called 'lawyers' [solicitors] operating in this country, overtly providing legal advice but then hiding behind a 3rd party without full indemnity, professional code of conduct or agreed standards of practice.