Role and functions of salesperson and their requiste knowledge and skills Flashcards
What are the available online resources for verifying details?
INLIS - Integrated Land Information Services
REALIS - Real Estate Information System
IRAS E -Valuation Enquiry List
HDB infoweb
URA webpage
What can be obtained from REALIS?
TIMESERIES - Price, rental indices, median prices, stock
PROJECTS: Info on commercial , industrial and private
Transaction information: caveats, details, property prices
What are the 3 MANDATORY Checks on tenant?
1) Check Original Immigration Pass+ Keep copies
2) Cross check ORIGINAL Passport against permit + Keep Copies
3) Verify the validity of pass with MOM + Keep COPIES
If foreigner gives up PR status, other than being a citizen now, can he still hold on to the property?
No, he has to dispose within 2 years from the date or renouncing PR status
Inheriting, how long can a person hold on to a foreign person properties after his passing?
Must dispose within 5 years
What does foreign developer needs to apply before construction?
Qualifying Certificate
How many years do foreign developers has to ensure all units are sold?
2 years from TOP or Certificate of Statutory completion , whichever is earlier
What is the extension charges ?
8% , 16 %, 24% of the purchase price of land
When is the new conveyancing money measure kicked in?
1st August 2011
Where must lawyer deposit the money for conveyancing?
IN appointed banks or Singapore Academy of Law
