SEAA lauds 625 agents at its annual SG Real Estate Agents Excellence Awards
Recent efforts by SEAA, like memorandum of understanding on best practices guide on co-broking compensation, display its initiatives to support real estate agents in Singapore. The co-broking best technique overview advocates representatives to accumulate payment from the gathering they represent and to consent to all payment totally free plans before any engagement with customers.
“The awards set up consumer faith and help agents get a favorable reputation by preserving high standards of ethical conduct. This draws in integrity-focused clients and boosts general representative measures,” states Wang.
Other awards were the Impressive Youths Grant for agents aged 28 years and beneath, that took home a gross commission of at the very least $120,000 in 2023, along with the Rookies Award for brand-new representatives that have actually demonstrated exemplary profits and rental deals productivity of at the very least $80,000 within 18 months in the industry.
This is the 5th year SEAA has actually planned this award occasion, and the event was decorated by Associate Professor Muhammad Faishal Ibrahim, Minister of State, Ministry of National Development and Ministry of Home Affairs.
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The association also constantly reviews and updates its Continuing Professional Development programs in accordance to market demands. “SEAA continues to be committed to equipping our members with the current technology tools and expertise, enabling them to remain at the leading edge of the industry and flourish in any kind of market conditions,” states Wang.
In his address, Minister Faishal says that buyers trust agents to guide them navigate a significantly complex realty landscape and to take in their best interests. “As entrusted specialists in your market, you play a crucial duty in supporting your customers realise their house ownership goals, but also to protect their financial interests,” he claims.
A total of 625 local property brokers received the Singapore Estate Agents Association (SEAA) SG Real Property Professionals Excellence Awards 2024, which was held up at Marina Bay Sands on Aug 16.
On the other hand, the Seniors Achievers Honor recognised representatives that are 60 years of ages and above and made approximately $100,000 for the entire of last year.
The honors event was held in 2 programs. It found award-winning representatives clinch honors across 4 categories.
He also prompted agents to speak out versus errant representatives who set up listings with misleading promotions or online commentaries which contain fallacies. “They interrupt the market and violate the moral conduct and reliability anticipated of every real estate agent. Creating, participating in or promoting such practices severely threatens the reputation and believe in that the property industry has actually painstakingly developed in time,” he claims.
The first session in the afternoon saw agents clinching the Sales rep Achievement Honor for the Silver and Gold classifications. The night-time event presented private and multi-award recipients for the Salesperson Achievement Award in the Platinum and Diamond categories.
Adam Wang, president of SEAA, observed in his speech that there has been a noteworthy increase in firms taking part in the grants this year, with the amount of qualified applications for 2024 at over 600 recipients. “This is a testimony to the authority and reliability that these accolades bring to their job in the realty market.”
