Unlicensed, online real-estate agents under scrutiny
Unlicensed, online real-estate agents under scrutiny
Continue reading here... http://www.phnompenhpost.com/real-estat ... r-scrutinyThe 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.
- vladimir
- The Pun-isher
- Posts: 6077
- Joined: Mon May 12, 2014 6:51 pm
- Reputation: 185
- Location: The Kremlin
Re: Unlicensed, online real-estate agents under scrutiny
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..
Can't have that..
Jesus loves you...Mexico is great, right?
-
- Expatriate
- Posts: 1559
- Joined: Sat May 17, 2014 5:51 am
- Reputation: 0
Re: Unlicensed, online real-estate agents under scrutiny
Stick to the Vlad's shit Russian market and you wont get scammed.
"Affordable price and with quality." But no bathtub . Fuck off.
"Affordable price and with quality." But no bathtub . Fuck off.
EVERYONE BOW DOWN AND PAY EXTREME HOMAGE TO HIS MAJESTIES flying chicken©
Re: Unlicensed, online real-estate agents under scrutiny
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.
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.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 1 Replies
- 2669 Views
-
Last post by Strawberryshake
-
- 8 Replies
- 1530 Views
-
Last post by Mister Nice Guy
-
- 1 Replies
- 981 Views
-
Last post by Doc67
-
- 0 Replies
- 1800 Views
-
Last post by whatwat
-
- 3 Replies
- 1770 Views
-
Last post by Doc67
-
- 20 Replies
- 9725 Views
-
Last post by Phnom Poon
Who is online
Users browsing this forum: BongKingKong, khmerhamster, Lost50, Zyzz and 436 guests