The principal functions of CEA – HDB resale flat for sale
The Council for Estate Agencies (CEA) was formed on the 22nd October 2010 as a statutory board under the Ministry of National Development. Established under the Estate Agents Act, CEA is empowered to administer the new regulatory framework for the real estate agency industry. HDB resale flat for sale.
In addition, CEA is committed to raise the professionalism of the real estate agency industry through collaborative efforts with the industry on industry development programmes and protect the interests of the consumers through targeted public education schemes. HDB resale flat for sale.
The principal functions of CEA include the following:
- Administer the licensing and registration regimes under this Act;
- Regulate and control the practice of estate agents and salespersons;
- Promote integrity and competence amongst estate agents and salespersons and to maintain or enhance their status;
- Administer examinations and a professional development framework for the purposes of licensing and registration under this Act;
- Develop codes of practice, ethics and conduct for estate agents and salespersons;
- Conduct investigations and disciplinary proceedings in relation to offences and unsatisfactory conduct or misconduct in relation to estate agency work;
- Develop measures to equip consumers with the necessary knowledge to conduct their property transactions with prudence and diligence; and
- Perform such other functions and discharge such other duties as may be conferred on the Council by any written law.
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