Give us a a break - agent - Mary Holm
Sunday 11 July 2004
Q. I have come to the conclusion you are anti the real estate industry. After 31 years in the profession - and yes, that is my choice - I do not believe we deserve your comments unless you can justify why fees should be less.
The increase in fees over the years is based on the inflation level of the homes, for which vendors get the benefit. Inflation also increases costs.
By The LandlordI have often suggested to a vendor that they pay me on an hourly rate if they think the fees are too high, and they also reimburse me for advertising and petrol. I have not yet found one who will test that theory.
With reference to Guido (an agent who accepted Money Matters' challenge to list houses for a flat $4000 commission), I do not consider seven listings a great hit rate, given what he was offering.
But it is about on a par with REAL when they came in with low commissions and went under six months later. This gentleman is not a well-known person in the area and only time will tell if he is around in five years.
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