Wednesday, October 03, 2007

Real estate agents

There is a news report about moves to upgrade the professionalism of real estate agents. This follows complaints from the public about the unethical practices of some agents.

Will it work?

It is difficult. But it is a step in the right direction.

Is there another alternative?

Yes. We can educate the consumers and empower the consumers (owners or buyers of the property) on the steps to take to handle the transcations on their own.

When there is a real alternative, i.e. do it yourself, then the real estate agents will become be more efficient and bring down the cost to the consumers.

2 comments:

Anonymous said...

Estate agents are like insurance agents, they are salesmen. Unlike estate agents, insurance agents' crooked ways are not immediately known, therefore it is far more damaging.
Licensing alone is not enough.A set of Practice standard must be in place.

Anonymous said...

the real estate agent usually can get away from it as there are no strict measure to protect the rights of consumer.

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