QUOTE(netflix2019 @ Jul 10 2025, 03:42 PM)
Back to my orinigal question. What is your job during all these scenario that u listed? worth 40k ?
I am just asking what is the job of agent during the transaction. Can feel a lot of emotions in ur reply but u are not actually answering the question.
What did u do that justify the 2% ?
I do engage agent for properties all. For me is the safety, never know who am i dealing with and i am sure not gonna meet some stranger in empty house/shoplot. But this safety for 2% is a bit too much IMHO which is why i am asking what else did u guys do other than connecting me to potential buyer. Those paperworks which again, IMHO, is the heavy lifting in transaction which is done by lawyers.What's your role during all this?
The rules and regulations of estate agent is that 3% of sales transactions is the agent commission. And that the main reason of coz is connecting the seller and buyer.
But if you think that is it, then U really think this job is too damn easy. Why not U try becoming an agent?
To secure a deal, you didn't see that as an agent, we need to answer alot of questions. What the are the property market value, bank value, developer title, status of the strata, is the title granted, if no, why? Developer liquidated, what should you do, what required for bank loan, negotiating tenancy condition and term between 2 parties, understanding the property so that can answer the tenant/buyer such like what are the management fees, sinking fund, what is the size of the unit, what renovation can or cannot be do.
For commercial properties, what are the title of the land, what can it be done and what is prohibited, how many amp, how many tonnes of flooring, ceiling height, power point, etc etc.
If really that simple just post ads and go appointment and take money, you try come do.
I even provide after sales service that personally helps landlord to fix door, changing light bulb, replacement of furniture or and broken item inside the unit, assist on applying permit to move in/out. Guiding tenant how to make payment for sinking fund,TnB,water bill, other utilities.
And yeah, so many more things that has to be handled that you just don't know what we are actually doing.