RES exam question on Ethics & Professional Conduct: Regulation 7(1) prohibits holding or handling money in relation to which transactions?
Regulation 7(1) prohibits holding or handling money in relation to which transactions?
- AOnly the sale or purchase of HDB flats, and not the sale of any private residential property
- BEvery property transaction in Singapore, including private residential tenancies
- CThe sale or purchase of any property in Singapore, and the lease of HDB property
- DThe sale or purchase of private property only, where the buyer is a foreigner
Show answer & explanation
Answer
C. The sale or purchase of any property in Singapore, and the lease of HDB property
Explanation
Reg 7(1) reaches the sale or purchase of any property in Singapore and the lease of HDB property. A private residential tenancy's rent and deposit fall outside it — though the Code's duties still apply.
Study the concept behind this question: CEA Code of Ethics & Professional Conduct
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