TLDR: Prevent Rental Scams in Real Estate
Scammers are targeting prospective tenants by impersonating Real Estate Salespersons (RES) to deceive victims into making payments for deposits. To avoid falling victim to such scams, consumers should follow three crucial steps:
- Verify CEA Registration: Ensure that the RES’s CEA registration matches the CEA’s registry.
- Check Contact Details: Confirm that the RES’s contact number is registered with CEA.
- Direct Communication: Verify that the RES can be reached via a call using the registered contact number.
By following these steps, consumers can protect themselves from rental scams in the real estate market. Additionally, resources such as videos and CEA webpages provide further guidance on avoiding such fraudulent activities.
Scammers have targeted prospective tenants, and have impersonated Real Estate Salespersons (“RES”) to request for payments of deposits to secure a viewing or secure a lease via a tenancy agreement, and forwarding tenancy agreement to be signed or e-signed by the unsuspecting victim.
To do the above, scammers impersonate RES with existing and valid Council for Estate Agents (“CEA”) Registration number, and with valid listings on property portals. Scammers will also use the RES’s profile picture and display the RES’s phone number in WhatsApps and/or other communication mode.
It is therefore important for consumers to follow the 3 steps below:
- STEP 1: ENSURE the CEA registration of the RES tallies with CEA’s Registry;
- STEP 2: ENSURE the contact number of the RES is registered with CEA; and
- STEP 3: ENSURE the RES can be contacted via call using the contact number registered with CEA.
You can also watch and share this short video https://www.facebook.com/watch/?v=1290133575173534 which contains the 3 simple steps.
Arising from the recent spate of scams involving fake property listings and impersonation of RES, CEA,
together with the Singapore Police Force (“SPF”), have reached out to PropNex to do more for our PropNexians and consumers.
You can visit this CEA webpage at https://www.cea.gov.sg/consumers/rental-scams and Facebook which contain information on how to avoid falling victim to such scams.
Please share this message with your friends and families, in order for them to share with others.
Should You Buy, Sell or Wait?
If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?
It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.
I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.
I can help you by:
- Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
- Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.
You May Also Like …
Jayson Ang – March 12, 2024 – Share
TLDR The blog post delves into the complexities of condo downpayments in Singapore in light of the impact of Covid-19...
Read More
Jayson Ang – April 29, 2024 – Share
TLDR When deciding whether to repay your HDB flat loan early, consider the limitations of not being able to obtain...
Read More
Jayson Ang – March 22, 2023 – Share
TLDR The impact of COVID-19 on Singapore's real estate market has been significant, leading to a surge in demand for...
Read More
Jayson Ang – August 29, 2023 – Share
TLDR When preparing to sell your house, research the average prices in your area for a realistic figure. Consider factors...
Read More
Jayson Ang – June 2, 2023 – Share
Top 5 Fine Dining Restaurants in Singapore if You are Visiting Us! Singapore is known for its diverse and delicious...
Read More
Jayson Ang – February 23, 2024 – Share
Here are my top 5 picks for districts in Singapore that offer easy access to some of the best shopping...
Read More
Jayson Ang – August 13, 2023 – Share
TLDR When it comes to purchasing property in Singapore as a Permanent Resident or Foreign National, there are specific restrictions...
Read More
Jayson Ang – April 11, 2024 – Share
TLDR The Singapore housing market is a rollercoaster of unpredictable changes. Three homebuyers share their experiences: Tristan waited too long...
Read More
Jayson Ang – October 30, 2023 – Share
TLDR When considering investing in a private property in Singapore, it's important to understand your borrowing capacity. Financial experts recommend...
Read More
Jayson Ang – June 20, 2023 – Share
Sentosa's Sizzling Property Market: 5 Reasons Chinese Investors are Flocking to Singapore's Premier Island Here are the top 5 reasons...
Read More
Jayson Ang – December 7, 2022 – Share
TLDR In 2021, the real estate market saw a surge in demand due to low interest rates and supply chain...
Read More
Jayson Ang – July 2, 2023 – Share
5 Hidden Expenses to Watch Out for When Buying a Home in Singapore Buying a property in Singapore can be...
Read More
Jayson Ang – May 20, 2024 – Share
Singapore, a vibrant and multicultural city-state, is well-known for its diverse food scene, stunning architecture, and bustling shopping districts. However,...
Read More
Jayson Ang – February 5, 2024 – Share
TLDR In this blog post, the writer delves into the Singapore property market, particularly focusing on the effectiveness of quick...
Read More
Jayson Ang – July 21, 2023 – Share
TLDR When it comes to understanding property jargon, it's crucial to familiarize yourself with the specifics of a Tenancy Agreement...
Read More
Jayson Ang – June 9, 2023 – Share
TLDR Understanding the complexities of the real estate market and transactions can be overwhelming. Enlisting the help of a real...
Read More
Jayson Ang – December 19, 2022 – Share
TLDR Jayson Ang, a reputable real estate agent in Singapore, offers extensive experience and a data-driven approach to guide clients...
Read More
Jayson Ang – June 18, 2023 – Share
TLDR When navigating the complexities of purchasing a second property in Singapore, ensure you meet eligibility criteria, consider affordability factors...
Read More
Jayson Ang – August 9, 2023 – Share
TLDR In the world of real estate, the value of property agents lies in their ability to create competition among...
Read More
Jayson Ang – August 1, 2023 – Share
TLDR When preparing to sell your house in Singapore, research the average prices in your area to set a realistic...
Read More