Unlicensed estate agent charged for marketing foreign properties
The Council for Estate Agencies, CEA, has charged a woman for allegedly acting as an estate agent without a license.
This is the first prosecution case related to unlicensed estate agency work for the sale of foreign properties.
The 50-year-old woman, Tan Yang Po, who represented AZEA Personal Coaching, faces five charges.
The company had introduced Sterling Camden, a foreign property developer to members of its the property club.
Tan allegedly informed members that the developer was selling apartments in Houston, Texas, with a guaranteed investment return of 8 per cent plus net rental yield for two years and facilitated the sale transactions.
She collected a commission from the developer for each successful sale.
If convicted she faces a maximum penalty of three years in prison and a $75,000 fine for each of the charges.
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