Real estate agents warned over selling dodgy foreign investment schemes
Council says they shouldn't sell such schemes if unsure about background
A regulatory body is warning real estate agents against selling potentially dodgy foreign property investment schemes here.
Already, at least 16 agents have been sacked over suspicions they were involved in selling these get-rich-quick schemes.
The Council for Estate Agencies (CEA) has issued an advisory note warning the chiefs of real estate agencies over the issue.
In a briefing earlier this month for key executive officers (KEOs), an industry term for agency bosses, it said "foreign investment scheme companies" have been recruiting local agents.