hi sifus here..
this is meaning post that could help many from being cheated by developer.
I wonder if anyone recently facing this issue too?
please pm me..
i think something have to do to prevent more innocent buyer money being "illegal suck by developer under bright sky" just because they keep threaten buyer that they had signed the developer booking fee form.
they and agent will keep forcing buyer "You had signed means you accept".
I believe all professional developer and agent aware of the rules Regulation 11(2) of the Housing Development (Control and Licensing) Regulation 1989 ,
yet, purposely ignore and do it, challenge the law.
from my view,
For those who involve , developer and agent, should be investigated by housing ministry all over again, or go take exam again.
Offence 1: Illegal black and white letter
They ignore and challenge the law by writing in out black and white on paper.
Under Regulation 11(2) , they dont even have the right to have the term of forfeit this word/meaning in their letter.
Offence 2: Misleading on purpose
As a professional developer or agent, this act is a way of misleading buyer by wrongly "educated" buyer.
I always thought agent should stand by buyer side protect buyer too,
until i see this post..OH MY GOD...where is the professionalism ?
Agent can earn so many k once purchased,
buyer willing to pay because we dont want /no time handle mess, wish to find a professional person handle for us,
but they are not even responsible backed with law and regulations in their brain,
what is the purpose of agent?
Offence 3: Forfeit money
The money they forfeit, consider illegal money in their account,
i believe there is always buyer change mind all year round,
imagine each unit RM1000, easier then rob bank.
entire account of company had to be checked, how many money been forfeit, consider as dirty money,
all have to return to buyers.
Anyone agree with mine statement above?
Please point me out if I am wrong, lets discuss and I wish to learn as I learning to invest in property
This post has been edited by bunny2018: May 9 2019, 08:30 PM