Last time, still can find agents accepting 2% when property prices is low.

Now, property prices is high , 3% is very hefty.

I understand everyone have to cari makan. But their mouth very big leh and sellers basically got no other professional to hire.

Neighbour help to open door for RM 1000 only

They should open up the market. Then , you'll see real professionalism in the market. Otherwise, who are u comparing to?

They're all agents...no one else are allowed by the law to do the job

I think the discussion has gone a bit off track.

Looks like the focus has derailed somehow..

I'm looking at very macro stuff, not that extra 1% or whether agent is competent or not. I am talking about competition and free market.

Let me realigned the whole discussion into a simple story.

Imagine your house pipe is leaking and you want to look for a plumber to fix it. You search around your area, u found 6 plumbers. Those 6 plumbers are coming from 2 major companies only

You asked for quotation and all 6 quoted u , 3%.on house price

No 3% , they won't do. You try to negotiate but they said it's in the Standard and that's the maximum fees they can charge. They know their leverage.

You try to look for plumber from other area who will accept 2%. You found none. To your suprise, most other plumbers in other area are also coming from the big two companies. Suddenly, you realise that you're "trapped" without choice.

No plumbers will accept lower than the maximum fees of 3% because their colleague will pitchfork them. They're from the same 2 big companies.

You don't know how to fix a leaking pipe and to hire plumbers, it's very expensive because none negotiable 3%.

At the end, you are wondering what will happen when the Standard increase fees to 6%. They said it's due to inflation but forgot the property prices already increased and linked to inflation.Yes,that's double counting.Maybe it's time to quit your professional job to become a plumber. Finally, u learnt your economics lesson on price fixing.