business

Business

Buying a Resale Flat

Salespersons guide your buyer-clients through the policies and procedures for a smooth resale flat purchase.

The Council for Estate Agencies (CEA) has 8 Prescribed Estate Agency Agreements for the sale, purchase, and lease of residential properties.

  • This agreement is a contract between you and the buyers, and it seeks to protect both parties’ interests. The terms and conditions of the agreement, such as commission payable, can be negotiated between both parties.
  • You should explain the agreement to the buyers fully, and give them enough time to read it thoroughly.
  • If there are any amendments made to the agreement, please make sure the buyers countersign them. Please give them a copy of the agreement which they have signed.
  • Any agreement made between you and the buyers is a private arrangement. Please resolve any concerns directly with the buyers.