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 Cheated by real estate agent, its my first house and its end up a mess

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michaellee
post Mar 9 2011, 05:26 PM

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QUOTE(dingdong985 @ Mar 9 2011, 05:10 PM)
Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief smile.gif
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Congratulations. Unlikely to bounce unless the agency is planning to close shop by tomorrow. So give yourself a Tiger!
TSdingdong985
post Mar 9 2011, 05:31 PM

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yo michael...thanks a lot....
also thanks for the advices earlier
hope to learn more from u
SUSjalsrix
post Mar 9 2011, 09:32 PM

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QUOTE(dingdong985 @ Mar 9 2011, 05:10 PM)
Finally get refund!!!!!! quite relief d.....but until i saw the money in account i can fully relief smile.gif
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They should have given you your original bank cheque back instead of giving you a new cheque.

Last time, i got my own bank draft back, no need to wait for cheque to clear, just cancel.
CyrusChang
post Mar 9 2011, 09:54 PM

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Congratulation and have a nice sleep tonight!!!
TSdingdong985
post Mar 9 2011, 10:56 PM

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QUOTE(jalsrix @ Mar 9 2011, 09:32 PM)
They should have given you your original bank cheque back instead of giving you a new cheque.

Last time, i got my own bank draft back, no need to wait for cheque to clear, just cancel.
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they already claim the banker cheque sad.gif


Added on March 9, 2011, 11:05 pm
QUOTE(CyrusChang @ Mar 9 2011, 09:54 PM)
Congratulation and have a nice sleep tonight!!!
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Thanks bro...finally smile.gif

This post has been edited by dingdong985: Mar 9 2011, 11:05 PM
IMHO
post Mar 10 2011, 09:01 AM

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QUOTE(simplesmile @ Mar 6 2011, 04:57 PM)
BUMI lots is something created by the BN government to burden the non-bumi buyers.
Lets say to cost to build 2 identical property is RM200,000. Developer wants to make 50% margin. So should sell RM400,000 per unit. Assume that 1 is bumi lot and the other is non-bumi lot. Bumi lots get 7% discount. So what does the developer do?
Selling price of 2 units = 2 x RM400,000 = RM800,000
Target margin = 50%.
Difference between non-bumi and bumi lot = 7%.
Assume non-bumi price = A
Then bumi price = (1-0.07)xA
Target total selling revenue = RM800,000 = A + (1-0.07)xA = A+0.93A = 1.93A
A = RM800,000/1.93 = RM414,508

So non-bumi lot sells for RM414,508
And bumi lot sells for RM414,508 - 7% = RM385,492.

So, the discount given to bumi, is added to the selling price of non-bumi units. The government wants to non-bumi to subsidise the bumi.
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+1 vmad.gif
Gary1981
post Mar 10 2011, 10:55 AM

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A untie agent also try her best to persuade me to pay deposit for the house. However i keen ask her to give me see the house tittle, and the day i want to pay her deposit cheque, she only tell me that the house tittle had lost by the bank. Hence she support me the letter indicate the land still under the owners name. Hence before handover the cheque, i immediate call up my lawyer for advice, my lawyer said it may have a lot hassle for which may drag for months. She has the intention not to let me know about the tittle lost and force me to pay the deposit.

However, i say to agent that show me the house tittle and then only pay the deposit. She claims very fast within a month the title can be settle. Till now i have no news from her.

I already bought other unit. My advice, those 1st time buyers seriously need to gather a lot infomation before purchase any.
henryhing
post Mar 10 2011, 11:09 AM

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Congrats bro..Btw can pm me the agents face, name and company?? so i publish it to warn others..I like to attack bad people...
SUSjalsrix
post Mar 10 2011, 01:57 PM

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QUOTE(henryhing @ Mar 10 2011, 11:09 AM)
Congrats bro..Btw can pm me the agents face, name and company?? so i publish it to warn others..I like to attack bad people...
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rclxms.gif please pm me the agent name and company too.

All these salesmen are liars:

Insurance agent
Real estate agent
Credit card agent


Mostly uneducated people do this type of work.
Dern
post Mar 11 2011, 12:28 PM

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QUOTE(jalsrix @ Mar 10 2011, 01:57 PM)
rclxms.gif please pm me the agent name and company too.

All these salesmen are liars:

Insurance agent
Real estate agent
Credit card agent
Mostly uneducated people do this type of work.
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insurance agent, depends lo, but if you want to buy insurance i suggest you buy from banks directly, the comission part less a lot, yet you still have the same protection.

real estate agent, YES ! they are more prone to not disclose any information to mislead you to buy the property, UNFORTUNATELY.

credit card agent, nolah....this one they want to makan you how much ? besides if you dont pay for your credit, takkan you want to blame the agent that intorduces you the card ? doesnt make sense....right?

mostly uneducated people do this work ? I disagree, it is people who want to earn side income to this....it may be those educated or uneducated.
merce
post Mar 11 2011, 01:11 PM

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QUOTE(jalsrix @ Mar 10 2011, 01:57 PM)
rclxms.gif please pm me the agent name and company too.

All these salesmen are liars:

Insurance agent
Real estate agent
Credit card agent
Mostly uneducated people do this type of work.
*
no offence... but that is a very shallow statement. smile.gif
michaellee
post Mar 11 2011, 04:30 PM

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QUOTE(merce @ Mar 11 2011, 01:11 PM)
no offence... but that is a very shallow statement.  smile.gif
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No doubt a very shallow statement BUT i caveat it with the fact that majority of them are too profit oriented and are not doing their job. Most would lie through their teeth on their products but on further probing, they have no idea what they are selling.
TSdingdong985
post Mar 11 2011, 04:40 PM

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yeah...a sales shud be honest...
like that only got continuous business....
like the agent who did this to me, i wont find him again, those who know abt this wont find him again....
he lost a lot potential customers already...

bearbearhong
post Mar 11 2011, 05:02 PM

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QUOTE(merce @ Mar 11 2011, 01:11 PM)
no offence... but that is a very shallow statement.  smile.gif
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+1


Added on March 11, 2011, 5:07 pm
QUOTE(michaellee @ Mar 11 2011, 04:30 PM)
No doubt a very shallow statement BUT i caveat it with the fact that majority of them are too profit oriented and are not doing their job. Most would lie through their teeth on their products but on further probing, they have no idea what they are selling.
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yes, but dont blame it to "uneducated" ppl, many well educated ppl are so ignorance and too $ minded that they dont bother about conscience & ethical of their profession.

TS, the so called agent may not be a registered real estate agent.

many real estate firm hires "negotiator" for their business, and many of them just wanted to get quick bucks, by giving false info, lame excuses.

go for reliable real estate firm, there are few in town, they dont dare to jeopardise their company name and most agent from there are more pro.


This post has been edited by bearbearhong: Mar 11 2011, 05:07 PM
felixmask
post Mar 11 2011, 05:34 PM

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bearbearhong -: mind share reliable real estate firm?
bearbearhong
post Mar 11 2011, 05:36 PM

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QUOTE(felixmask @ Mar 11 2011, 05:34 PM)
bearbearhong -: mind share reliable real estate firm?
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reapfields is quite well known, there are few others...
Dern
post Mar 11 2011, 06:10 PM

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QUOTE(dingdong985 @ Mar 11 2011, 04:40 PM)
yeah...a sales shud be honest...
like that only got continuous business....
like the agent who did this to me, i wont find him again, those who know abt this wont find him again....
he lost a lot potential customers already...
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that's why tell all of us lahhhhhhh, aiyoh i really dont get u why so protective ? u think if you disclose his name, he kenot cari makan in real estate, he cant jump to other field meh ? aiyoh, KL/City people not as stupid as you think lah....

instead of saving a rice bowl, why not u save a lot of other rice bowls(the buyer) ????
michaellee
post Mar 11 2011, 06:41 PM

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QUOTE(Dern @ Mar 11 2011, 06:10 PM)
that's why tell all of us lahhhhhhh, aiyoh i really dont get u why so protective ? u think if you disclose his name, he kenot cari makan in real estate, he cant jump to other field meh ? aiyoh, KL/City people not as stupid as you think lah....

instead of saving a rice bowl, why not u save a lot of other rice bowls(the buyer) ????
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No doubt I believe TS is a nice guy. But again it is one sided story. Read and seep up the experience and be wiser. Knowing the experience will keep you wary of all bad agents. Knowing the name of one will make you less aware of others.

Let's move on
TSdingdong985
post Mar 11 2011, 06:43 PM

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thanks micheal .... i still thk the agent and the company is not important.
u know this agent, but still there are a lot bad agent out thr trying to scam u...
so instead...be careful with the tactic, follow procedure, know ur right then it shud be safe
CyrusChang
post Mar 12 2011, 06:38 PM

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What about Oriental Realty?

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