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What is the Record Keeping Requirement? – real estate for sale/ rent in...

What is the Record Keeping Requirement? – real estate for sale/ rent in Singapore What is the Record Keeping Requirement? – Real estate for sale/ rent in Singapore Company to have a proper system of...

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Psychological pricing – real estate for sale/ rent in Singapore

Psychological pricing – real estate for sale/ rent in Singapore Psychological pricing is based on the concept that certain prices have a psychological impact on buyers. For example, instead of setting...

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Listing in multiple listing systems – real estate for sale/ rent in Singapore

Listing in multiple listing systems - real estate for sale/ rent in Singapore There are suppliers in the market that provide Multiple Listing Systems (MLS) for salespersons to lists their properties...

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What are specific customers’ expectations? – real estate for sale/ rent in...

What are specific customers’ expectations? – real estate for sale/ rent in Singapore The specific customers’ expectations of salespersons’ services in a sale/lease of property are as follows: Real...

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Definition of contract – real estate for sale/ rent in Singapore

Definition of contract – real estate for sale/ rent in Singapore A contract is an agreement between 2 or more persons, and contains the rights and obligations agreed to by the parties.  It is an...

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Duty of disclosure – real estate for sale/ rent in Singapore

Duty of disclosure – real estate for sale/ rent in Singapore Under the Code of Ethics and Professional Client Care (to be covered in details in Unit 5), a real estate salesperson has a duty to disclose...

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Injunction – real estate for sale/ rent in Singapore

Injunction – real estate for sale/ rent in Singapore Court order preventing person from doing a certain act. Real estate for sale/ rent in Singapore. To restrain a party from committing a breach of...

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Duties of agents and breach of duties and liabilities – real estate for sale/...

Duties of agents and breach of duties and liabilities – real estate for sale/ rent in Singapore An agent’s duties include the following: Real estate for sale/ rent in Singapore. To exercise his duties...

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Actual & apparent authority of agents – real estate for sale/ rent in Singapore

Actual & apparent authority of agents – real estate for sale/ rent in Singapore Actual Authority – e.g. “to find me a buyer” giving the real estate salesperson the authority to advertise and...

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Rights of an agent – real estate for sale/ rent in Singapore

Rights of an agent – real estate for sale/ rent in Singapore An Agent is entitled to: Real estate for sale/ rent in Singapore. 1. The right to remuneration: Commission received only on successful...

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What is restricted residential property under the Residential Property Act –...

What is restricted residential property under the Residential Property Act – real estate for sale/ rent in Singapore A foreign person cannot acquire or purchase restricted residential property unless...

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Differential Premium (DP) calculation based on valuation method – real estate...

Differential Premium (DP) calculation based on valuation method – real estate for sale/ rent in Singapore DP is based on 70% (before 18 July 2007 – 50%) of the enhanced in value arising from the grant...

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Matters to be disregarded in determining compensation – real estate for sale/...

Matters to be disregarded in determining compensation – real estate for sale/ rent in Singapore In determining the amount of compensation to be awarded for land acquired under this Act, the Board shall...

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Multiple interests in the same land – real estate for sale/ rent in Singapore

Multiple interests in the same land - real estate for sale/ rent in Singapore Multiple interests in the same land can co-exist at the same time, for example. Real estate for sale/ rent in Singapore....

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