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WHY CHOOSE PROPNEX?



PROPERTY agency PropNex has unveiled a range of initiatives aimed at
improving the quality of its agents. 

The measures range from ensuring that agents are properly insured to
proficiency tests covering subject like ethics and HDB regulations. 

PropNex chief executive Mohamed Ismail said the new benchmark could result
in 500 below-par agents being sacked by the end of the year. 

This will be in addition to its drastic axing of 2,800 inactive agents last
week. 'It's no longer a numbers game,' said Mr Ismail yesterday. 'We're focusing
on quality rather than quantity. We want to help move the industry towards
professionalism.' 

PropNex's actions follow a spike in consumer complaints about estate agents
which has resulted in the profession being labelled a 'cowboy industry'. 

Consumers lodged 1,113 complaints about the property industry last year, up
from 991 in 2006 and 672 the year before. 

The PropNex measures include a new in-house practising certificate,
compulsory for all agents operating under the firm's name. 

Agents must also take out professional indemnity insurance that protects
them against the cost of lawsuits and offers consumers compensation when
agents mess up. New entrants and inactive agents must also pass a new
proficiency test - in the form of a multiple-choice exam - that will cover
subjects like code of conduct and ethics, the HDB and private property
markets. 

Among the initiatives unveiled yesterday by PropNex, which has the biggest
pool of housing agents here, are: No bankrupts allowed to be agents,
compulsory professional indemnity insurance for all its agents and a panel
to discipline errant ones.

The measures came after the company cut ties with some 2,800 inactive or
non-performing agents last week, "to ensure the professionalism and
reliability of its associates".

By barring bankrupts from joining the firm, "consumers will be shielded from
interaction with rogue agents riding on the brand to misappropriate funds
due to cash flow problems," said PropNex chief executive Mohd Ismail.

"There is no regulation in any form stating that bankrupts cannot be housing
agents. PropNex imposed this rule to safeguard consumers from fraudulent
attempts," he said, warning that "customers cannot seek financial recovery
from a bankrupt".

PropNex's move is the latest in a series of industry initiatives aimed at
raising the bar for agents.


At PROPNEX, we are truly committed to our Quality Service. We are interested to have a Built-To-Last Business Relationship with our associates. Our mission is to enhance the quality of lives by providing value-added professional service. As one of the Top Sales Team in Singapore's Best Known Real Estate Agency, we are committed to helping our Associates to achieve success and offers the rewarding career path.

Our agency’s training system helps real estate professionals achieve lasting success by providing brand marketing and sales tools that are among the finest in the industry.

Professional Development and Training:
- rigorous training programmes and workshops
- motivational talks by well-known local and international speakers
- Centralised In-house Agents Course
- On-The-Job Training and Coaching
- and many more...

Innovative Technology:
- Comparative Market Analysis system
- Financial Planning Software
- Personal website for cost-effective online property marketing
- Virtual Tours (VPM) property marketing offered by View2Offer.com Pte Ltd.
- Island-wide Residential Database

Interested to attend our FREE Career Seminars? Absolutely no obligation to sign up.

We conduct FREE CAREER SEMINARS on:
- Every Thursday & Friday (7pm to 9pm)


Seminar Highlights:
- How to find your potential
- Incentives of being with us
- Creative Business Thinking
- Career Path
- Unlimited Income
- And many more...

To reserve a seat or check for more information, feel free to call me at +65 9641 8805.