FRIDAY, APRIL 29, 1994
"TO IMPROVE THE TRANSPARENCY OF THE HANDLING OF CONNECTION HANDSETS, OFTA WILL FURTHER DISCUSS WITH THE MOBILE OPERATORS ON NEED FOR A CUSTOMER CHARTER TO BE PUBLISHED ON THEIR STANDARD SERVICE," HE ADDED.
OF
THE OF
THE REPORT ALSO GIVES ADVICE TO CONSUMERS ON THE CHOICE OF MOBILE PHONE HANDSETS AND REMINDS MOBILE PHONE DEALERS AND IMPORTERS OF THEIR LICENSING REQUIREMENTS.
COPIES OF THE REPORT CAN BE OBTAINED IN PERSON
OR IN WRITING
AT THE FOLLOWING ADDRESS:
OFFICE OF THE TELECOMMUNICATIONS AUTHORITY
29TH FLOOR, WU CHUNG HOUSE
213 QUEEN'S ROAD BAST
WAN CHAI
HONG KONG
ATTENTION: CONTROLLER OF TELECOMMUNICATIONS
(COMPETITIVE SERVICES)
ROLE OF ESTATE AGENT DISCUSSED
* * *
THE WORKING GROUP ON REGULATION OF REAL ESTATE AGENTS TODAY (FRIDAY) RECOMMENDED THAT AN ESTATE AGENT SHOULD PROVIDE A PROSPECTIVE BUYER WITH CERTAIN ESSENTIAL INFORMATION ABOUT THE PROPERTY PUT UP FOR SALE THROUGH HIM.
THE
INFORMATION SHOULD INCLUDE THAT RELATED TO SALEABLE FLOOR AREA, YEAR OF COMPLETION AND PERMITTED USE OF THE PROPERTY, AND THE EXPIRY DATE OF THE LAND LEASE.
THE
MEMBERS ALSO DISCUSSED A WIDE RANGE OF ISSUES CONCERNING OPERATION OF THE TRADE. THEY NOTED THAT MANY DISPUTES OVER COMMISSION AROSE FROM THE ABSENCE OF A WRITTEN AGREEMENT.
THEY RECOMMENDED THAT AN ESTATE AGENT AND HIS CLIENT SHOULD ENTER INTO A WRITTEN AGENCY AGREEMENT RATHER THAN AN ORAL ONE AS IN MOST CASES AT PRESENT. HOWEVER, THEY DID NOT SUPPORT STANDARDISING COMMISSION RATES.
THEY ALSO AGREED THE REGULATORY AUTHORITY SHOULD PLAY A POSITIVE ROLE IN RESOLVING DISPUTES OVER COMMISSIONS AND FEES BETWEEN AN AGENT AND HIS CLIENT.
THEY AGREED THE
AUTHORITY SHOULD HAVE THE POWER TO SUMMON ESTATE AGENTS AND HOLD HEARING ON ALLEGATIONS CONCERNING BREACH OF STATUTORY RULES AND REGULATIONS.
IT SHOULD ALSO HAVE POWER TO IMPOSE PENALTIES, SUCH AS TO SUSPEND OR REVOKE A LICENCE.
MEMBERS AGREED THAT THERE SHOULD BE RULES TO REGULATE ADVERTISING BY ESTATE AGENTS. THE OBJECTIVES ARE TO AVOID MISREPRESENTATION IN ADVERTISEMENTS.
/MEMBERS ENDORSED
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