toxic property agent pwning their competitors.......

[mewmew]

Suppose this is a CEA problem, let the investigations follow its due process..

If this is an agency problem, a simple matter of changing agencies.

For any other thing, time will tell.

if investigate rike iswa, he eat grass leow

 

[Spike]

if investigate rike iswa, he eat grass leow

For serious investigations.. it's usually an immediate suspension.

 

[lowsesforever]

Good that the property market is disrupted. The profit margins are too fat. Time for a similar disruption like telco or taxi industries. Ultimately, it’s a free market. Hope we get more fixed rates in the future

 

[ahnyaahnya]

Market comm rates exist for a reason. If one is allowed to market whatever low fees he fancies, 1999, 2999, 3999 or whatever, what happens next? You'll see 999, 499, maybe even 199. The whole property transaction market becomes like a wet market.

As long as the agent delivers the same standard of services, I don't see why not.

 

[zuppeur]

Patrick want to break agent rice bowl

 

[ahnyaahnya]

I don't think the issue here is the low rate that agent is charging. It's the fact that he uses low rates to market his services. Cea doesn't allow such practices.

Why cannot? They are but agents . Not doctors or something like that

 

[0bserver]

Market comm rates exist for a reason. If one is allowed to market whatever low fees he fancies, 1999, 2999, 3999 or whatever, what happens next? You'll see 999, 499, maybe even 199. The whole property transaction market becomes like a wet market.

Isn't that great?

 

[dezzo69]

there are many property agents who do flat fees lower than "$1999" and even work via referrals.

you don't hear about them coz they are humble and have enough on their plate already.

an agent who has "over 90 listings" might not be doing it all my him/her/itself... no need to sleep ah?

property agent market is a free market what. they can even do it for free if they want.

 

[ahnyaahnya]

In the old days , when prices were low ( bought a 5 room resale for less than 200k about 30 years ago), that 2% was ok, being less than $4k.
Now with many flats going for around a million , that's easily around $20k

 

[DeadPeople]

actually, they know their service value is just open for viewings.

the skillsets is quite easy to get it. its a matter of time their commission fees fall.

 

[DeadPeople]

In the old days , when prices were low ( bought a 5 room resale for less than 200k about 30 years ago), that 2% was ok, being less than $4k.
Now with many flats going for around a million , that's easily around $20k

ya because flat prices being inflated too high. based on 2% for these skillsets is really not paying a right price for the right skills.

 

[woonwoonjiakbeehoon]

just like whoever set the 2%, Patrick has the right to set $1999 isn't it?

his peers buey song and bunknife him gao gao

 

[proton_cannon]

if someone want to offer 199 for all the min hardwork required by all means.. agents also not stupid to know what is their minimum worth.

last time 2%-3% standard is already set when HDB at 100-200k, now 1million flat still 2-3%. that is saying their salary last time 3k, now should be worth 15k-30k

You got pay raise doesn't mean others don't deserve to earn more also. Last time 200k flats is when and what is the median wage?

 

[mewmew]

You got pay raise doesn't mean others don't deserve to earn more also. Last time 200k flats is when and what is the median wage?

all werkers are being drill to work faster cheaper better, huai shld agent not be part of tis?

and dats wat patrick ish doing, honest earning while providing value to consumers

earn moar by doing moar notch by controlling price

 

[woonwoonjiakbeehoon]

Look at it this way

Home sellers will normally aga aga factor in the agent's comm in the selling price.

If paying what 1-2% comm means they will also up their price accordingly.

 

[chocolatekid82]

This patrick tio complain is because he guai lan , bring others down. He isnt an angel la. Ownself want to get market share of transactions but cannot cohabit peacefully with other agents.
Heard homeseller marketing budget is low, so resort to controversial contents on tiktok. That said, he dont plow on marketing or go down for viewing hence can charge $1999, but no need guai lan other agent say end day effort is same.
He charge so low, now any tom dick harry also wan sell house. Dont blame when property prices rise to sky high.

 

[ahnyaahnya]

This patrick tio complain is because he guai lan , bring others down. He isnt an angel la. Ownself want to get market share of transactions but cannot cohabit peacefully with other agents.
Heard homeseller marketing budget is low, so resort to controversial contents on tiktok. That said, he dont plow on marketing or go down for viewing hence can charge $1999, but no need guai lan other agent say end day effort is same.
He charge so low, now any tom dick harry also wan sell house. Dont blame when property prices rise to sky high.

??? Agents accepting lower commission will cause property prices to go sky high ?

 

[spinex]

ownself undercut ownself also cannnot...

mean can we report to NEA for hawkers that sell $1 or $2 food ?

 

[sk0065]

Knn.
Sell $600k Hdb vs $300k hdb

the former twice as powerful meh?
The house already has an instinct value.

why should the agent be compensated twice the amount? Not say do double paper work or twice the effort required.

 

[Deathzz]

400k - 2% is 8k
1M - 2% is 20k!!!

to post on PropertyGuru and answer phone call???
When I sold my house agent also never do much, just show my place only, after sale laio also I need to settle with lawyer myself. Knn I see the lawyer do more work than the agent sia

agreed

You got pay raise doesn't mean others don't deserve to earn more also. Last time 200k flats is when and what is the median wage?

Not disagreeing on having pay raise over the years, I only know median wage now is 5k+ per month. based on 160hours of man-hours at work per month, avg $32 per hour.

not sure if can convince majority that 10k-20k commission per listing, at $50 per manhour (for ease of calculation) is 200-400 hours of efforts?

It is simply just the scaling of % that makes a stark difference.