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 Using unlicensed agent, Risks associated with unlicensed agent

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mini orchard
post Sep 15 2022, 09:06 AM

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QUOTE(Meileetan @ Sep 15 2022, 08:44 AM)
An agent approached me offering to help look for tenants.  I asked for name card and searched the agency number on LPPEH.  Turns out this agent is not licensed although the company is a valid one.  When questioned, she said she already sat for the exam and awaiting results.
She has now successfully secured 2 interested prospects who want to put down the booking deposit.  My question is: what risks am I facing if I proceed with the services of this agent? What options do I have - e.g. ask her to co-broke with a licensed REN?
Thanks.
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By now, all negotiators should have renewed their ren membership with lppeh.

If the ren is not registered, then you call the agency and request to assign a registered ren to handle your case.

How they share the commission, leave it to the agency to sort it out .

 

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