Singapore legislation
Clause 13
Clause 13
Amendment of section 52
Section 52 of the principal Act is amended —
(a)
by deleting “$75,000” in subsection (3) and substituting the words “the maximum specified in subsection (12)”; and
(b)
by inserting, immediately after subsection (11), the following subsection:“(12) The maximum financial penalty that the Disciplinary Committee may impose is —
(a)
in the case of a licensed estate agent — $200,000; and
(b)
in the case of a registered salesperson — $100,000.”.