Real estate group introduces improved accreditation system

A real estate agency body has introduced a revamped system of accreditation, which allows members to complement the government’s newly declared mandatory licensing scheme for the industry.

The Singapore Accredited Estate Agencies (SAEA) said that its improved accreditation role for estate agencies and agents seeks to further develop the industry in partnership with the national real estate professional body, which is the Singapore Institute of Surveyors and Valuers (SISV).

Two weeks ago, the government announced a new regulatory framework called the Council for Estate Agencies. It is a new statutory board that will be responsible for licensing estate agencies.