22-09-2014, 11:13 AM
consultant also need to make a living mah...
PUBLISHED SEPTEMBER 22, 2014
Danger lurks when property consultants also trade
BYKALPANA RASHIWALAPRINT
PROPERTY consultants may be tempted to invest in real estate, but to be a good consultant, one needs to be somewhat detached and not get carried away, says a veteran in the business.
"Some of them think that with the knowledge they have, it is a sure thing; so they start to take positions. They may get carried away and start trading in property. But in their job as a property consultant, they are not supposed to do that," says Knight Frank Singapore's executive chairman, Tan Tiong Cheng, when asked to offer advice to those planning a career as a property consultant.
Apart from clouded judgement, there could also be potential conflict of interest issues.
"As a property consultant or as an agent, you are supposed to serve your client, yet there have been cases where the agent took a position by buying the property from the client,'' said Mr Tan.
PUBLISHED SEPTEMBER 22, 2014
Danger lurks when property consultants also trade
BYKALPANA RASHIWALAPRINT
PROPERTY consultants may be tempted to invest in real estate, but to be a good consultant, one needs to be somewhat detached and not get carried away, says a veteran in the business.
"Some of them think that with the knowledge they have, it is a sure thing; so they start to take positions. They may get carried away and start trading in property. But in their job as a property consultant, they are not supposed to do that," says Knight Frank Singapore's executive chairman, Tan Tiong Cheng, when asked to offer advice to those planning a career as a property consultant.
Apart from clouded judgement, there could also be potential conflict of interest issues.
"As a property consultant or as an agent, you are supposed to serve your client, yet there have been cases where the agent took a position by buying the property from the client,'' said Mr Tan.