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Showing posts from February, 2016

What do you think an estate agent is paid for?

I read some forum and discussion in other website, realized that many people refuse to pay agent commission, and some of them asking why need to pay the commission to property agent, and even some of them said will look for property agent when view the showroom, but when want to make a booking, they still will look for developer staff. Maybe a better question is: “What do you think an estate agent is paid for?”. Unfortunately, an estate agent is sometimes seen as a glorified tour guide or someone who is paid to open a few doors. To me, what you pay a professional estate agent for is mostly his knowledge of pricing and of the market. And this experience and knowledge could be built over many years. So to judge on whether an agent is deserving of his/her income based only on the work you see him/her physically do is not completely fair, I feel. Second, some do forget that an agent’s compensation is purely success-based, and not time-based. So it becomes easy to equate an agent’s