SRPA promotes Residential Properties (First-hand Sales) Ordinance to estate agents (with photos)
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     The Sales of First-hand Residential Properties Authority (SRPA) today launched a new promotional initiative to brief estate agents on requirements of the Residential Properties (First-hand Sales) Ordinance.

     SRPA officers visited 18 estate agency companies in Aberdeen and Tseung Kwan O this morning, reminding estate agents on issues they should pay attention to when promoting first-hand residential properties, in particular requirements of the Ordinance in relation to advertisements and prohibitions against misrepresentation and the dissemination of false or misleading information.

     Information kits, comprising a summary that sets out how estate agents should comply with the requirements of the Ordinance when publishing advertisements on first-hand residential properties, a pamphlet on the main requirements of the Ordinance and "Notes to Purchasers of First-hand Residential Properties" setting out information of interest to prospective purchasers of first-hand residential properties, were distributed to the estate agents.

     "In most circumstances, estate agents are the first contact point of prospective purchasers. As such, estate agents' understanding of and compliance with the Ordinance are of paramount importance in the course of sale of first-hand residential properties," an SRPA spokesman said.

     "With a view to enhancing protection for prospective purchasers, the SRPA will continue to foster awareness of estate agents on requirements of the Ordinance as a targeted measure," the spokesman added.

     In parallel, the SRPA will also step up inspections of estate agency companies to check whether advertisements on first-hand residential properties comply with the requirements in the Ordinance so as to further enhance the transparency and fairness of the sales of first-hand residential properties and protect the interests of purchasers.

Ends/Tuesday, March 27, 2018
Issued at HKT 18:40

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