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 ethics and real estate agents/brokers, are there any exams?

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TSjsm
post May 9 2007, 01:40 PM, updated 19y ago

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I am selling my house directly without a selling agent. I get buyers agents calling wishing to have their client see my house. In almost all cases the agent has not even bothered to see the outside or inside of my house before booking a viewing with their client. With their client they make it appear as if they have done lots of work to find the property when in fact they simply called me out of the newspaper. The buyers agents are almost always highlighting the good things about my property and I have yet to see them indicate any negative thing about my property to their client. It would seem that these agents are so eager to close a deal and collect some commission that they are only representing their clients interest in the extent that they are making arrangements.

The majority of interest in my property has been through buyers agents so I cannot even conceive of any benefit that having an agent work for me would do since it seems that all the buyer agents are in fact working perhaps more to my interests! What benefit if any could I expect if I were to have a selling agent?

Are the majority of agents out-there representing buyers actually registered? Do they have to pass an ethics exam? Is there a code-of-conduct that agents must follow with respect to how they represent their clients?
stargate
post May 25 2007, 09:56 PM

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A lot of agents out there are not registered (practising this profession illegally). By right, agent must sit for the exam and I heard it is not easy and time consuming.

I'm sure there is a code of conduct they must adhere to.

Take note that in their name card, it must be stated "registered agent" and there is a unique number from the authority (forgot what name).
hamster9
post May 26 2007, 12:10 AM

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QUOTE(jsm @ May 9 2007, 01:40 PM)
I am selling my house directly without a selling agent.  I get buyers agents calling wishing to have their client see my house.  In almost all cases the agent has not even bothered to see the outside or inside of my house before booking a viewing with their client.  With their client they make it appear as if they have done lots of work to find the property when in fact they simply called me out of the newspaper.  The buyers agents are almost always highlighting the good things about my property and I have yet to see them indicate any negative thing about my property to their client.  It would seem that these agents are so eager to close a deal and collect some commission that they are only representing their clients interest in the extent that they are making arrangements.

The majority of interest in my property has been through buyers agents so I cannot even conceive of any benefit that having an agent work for me would do since it seems that all the buyer agents are in fact working perhaps more to my interests!  What benefit if any could I expect if I were to have a selling agent? 

Are the majority of agents out-there representing buyers actually registered?  Do they have to pass an ethics exam?  Is there a code-of-conduct that agents must follow with respect to how they represent their clients?
*
I am for one is one of the registered agents from MIEA (Malaysian Institute of Estate Agents). There are some who had their trainings from elsewhere provided by the real estate company (especially big companies like Kim Realty, Reapfield, etc)

It's a hard world out there and they are just trying to make ends meet. A typical dog eat dog kind of thingy wanting to close a deal as fast as possible neglecting other factors involved.

There's no ethics in exams, only based on the sense of professionalism in this field. wink.gif

hamster9
post May 28 2007, 07:06 PM

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QUOTE(RO Player @ May 27 2007, 03:59 PM)
hi hamster9

So u in the estate field. Do you mind to have a teh tarik with me next time.  rclxms.gif  Talk about properties la.. sweat.gif

Where do u operate. PJ/KL ???

p/s cant able to pm u, hamster9
*
hi..
sorry..i was away for holiday and PM were full...

I'm no more an agent but still dealing with properties as my family is a developer tongue.gif took the license for fun to learn more on properties. that's all. nod.gif
quintessential
post Dec 24 2007, 01:01 AM

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QUOTE(hamster9 @ May 28 2007, 08:06 PM)
hi..
sorry..i was away for holiday and PM were full...

I'm no more an agent but still dealing with properties as my family is a developer tongue.gif took the license for fun to learn more on properties. that's all.  nod.gif
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so where you study the real estate course? kasturi college?

 

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