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2010-09-03 05:10
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Posts Tagged ‘commissions’

Thumbs up for ending estate agents dual role

A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest – with many giving the idea the thumbs up.
This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest.
But there is likely to be resistance from some agents who stand to lose commissions if it is implemented.

The pr… more

GE Life agents to return commissions

ABOUT 1,000 Great Eastern Life agents have been asked to return up to $12.6 million in commissions received from policies they sold up to four years ago.

The GreatLink Choice (GLC) policies are investments the insurer decided last Friday to buy back at full cost.

About 18,000 policyholders invested a total of $594 million in the policies, buying from the insurer’s network of agents.

Agents e… more

Morgan Stanley paying $500K in settlement with SEC (AP)

AP – Morgan Stanley on Monday agreed to pay a $500,000 penalty to settle federal regulators’ charges that it misled customers in its Nashville office about the money management firms it recommended and from which it received commissions.

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