Sep 18, 2010
Confused over stand on fixed commission rates
ACCORDING to Minister for National Development Mah Bow Tan, the Council for Estate Agencies cannot fix commission rates as such a measure is anti-competitive; and it is better for such rates to be influenced by market forces ('Oct 22 start for real estate stat board'; Thursday).
If it is possible to fix commission rates for the insurance industry without such fixing being viewed as anti-competitive, why can't the same apply to property brokers?
By adopting fixed commission rates as a rule, a chunk of current issues, such as the complaints about unethical agents, will be resolved.
The insurance industry penalises an agent who is caught under-cutting commissions by revoking his licence.
The same deterrent can be applied with equal effectiveness to real estate agents.
Koh Wee Leng (Miss)
Subscribe to:
Post Comments (Atom)
Pre-development Land Investing
In business for over 30 years, success in providing real estate investment opportunities to clients around the world is a simple, yet effective separation of roles and responsibilites. The four pillars of strength guide the land from the research and acquisition, through to the exit, including the distribution of proceeds to our clients ......
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
Posts
No comments:
Post a Comment