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CENTALINE Agencies, one of Hong Kong's largest estate agency chains, is again taking the lead by initiating steps to clean up the industry's act.
It will introduce a string of measures aimed at preventing corruption and improving transparency well ahead of a proposed government bill.
It will provide more accurate data on property sizes, distinguishing between net and gross floor areas.
It also wants to give customers more up-to-date market information, including latest price movements and volume of activity.
Clients will be told exactly what role the agent is playing, making it clear whether they have a vested interest.
Some agents have been guilty of selling property they own while concealing from buyers they were the vendors.
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