Kellvin

First of all, a good agent will go thru the entire clause in the OTP in front of the seller and buyer. In this case, I suspect both seller and buyer's agent just allow both party to sign and very brief explanation. I always brief them especially the consequences of withdrawing sales from seller and buyer before the signing of the OTP. The seller's agent should advice the seller to obtain the HLE from HDB or to obtain the In Principal Approval (IPA) from the bank first in order to proceed the marketing of the unit. A good seller's agent will assist the seller to check on the eligibility to sell, financially advice after the sales and buying another unit making sure that seller is fully understand with the process before marketing. Buyer agent only mistake for this was during the signing the OTP, he should add those important clause that miss out by the other agent that present the signing of OTP. But when seller withdrawer of the sales, he might not fully understand the losing ground. What i mean the seller's agent is fully responsible. During this kind of situation, there is no need to pay any comm to buyer at all.

Blacklist this agent, tell us which company he is from?

Any reason why the agent make your dad sign a blank OTP? (Is the seller going oversea?)If not, it is best both seller and buyer sit down, face to face signing the OTP. If the seller will not be around for oversea work, the seller must trust the agent and agree with the agent meet the selling price. Is the selling price acceptable to you and your dad? What is the COV? Location, is it well reno and floor? Since the OTP is already granted and exercise, you cant do anything due to the seller already sign the OTP and cash in the cheque. Like said are you please with the selling price?

Hi marvin, relax. After reading what had happened to you, makes me feel very demoralised as a agent myself. This kind of attitute make my job into difficult position in future. But let me reassure you that not all agent are like that. We tried hard and are sincere to provide more than 100% service to our client, their gain is our gain too. Because of some bad attitute agent, people dont trust agent anymore. You can complain this to her agency and i encourage you to inform the seller if you can. You should. She should advice you and even your offer is low. Take care and have a Blessed 2010. Regards Kellvin Lim