Many professional bodies have increased their fees in the name of rising business cost due to inflation.

But we understand that the actual formula is basically,

Fees in percentage X "Property prices"

Over the past decade, property prices have risen and have taken account of inflation.

When the % fees is further increased, the full effect multiplying both the increase is tremendous.

Imagine raising fees from 1% to 2% , that's an increase of 100%.

Property price increase at least 200% over the decade

The net effect of multiplying 100% increase with 200% increase is crazy if u understand that.

What do u think?

fair enough. everyone earn for living. if you have the skill you may be part of them too. these all come back to survival market. to be more precise, they are not increasing, they are just follow market flow.

I know lawyer usually adjust using some discount.

Meanwhile, it's getting harder to hire agent for less than the maximum fees because market consolidation into a few big giants.

POOR boy, don't cry, even sell kidney also need agent

But remember to learn how to use the method of boycott --- share the names of property agents with lousy service or charge high commission all over social media especially LOWYAT

Sharing is caring boy boy