Updated: 05/22/2014 01:15

Unlicensed estate agent charged for marketing foreign properties



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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