The wilderness of Real Estate Agency

 

Doing estate agency 

is like being in a ZOO with creepy creatures

lurking everywhere all over.

They are parasites, leeches, vultures, 

crocodiles, piranhas, anacondas, tigers,

draculas, , toyols & pontianaks.

All they do is .... 

suck your Agency Commission ...!!

Have you ever come across deals that involved 

the payment of the so-called 10%-15% 

Referral Fee/ Introduction Fee ?

Most likely you do ... 

BUT if you move up the value chain

you will surely encounter ghostly apparitions 

with much bigger aspirations & ambitions.

For example, many years ago, a lady Vampire

( not an estate agent but from a professional body )

called me about a major deal that I was handling.

She said she has a buyer, and she wants HALF 

of my agency fee of RM800K.  So i asked her ... 

if this deal goes through, will you be handling the

project for your client ?

And she replied YES.

So i asked again... 

this project has about 4,000 units.

Assuming a fee of RM3,000 per unit, 

your total Professional Fees is RM12 Million.

So Madam .... can you also share HALF with me ?

Straight away she jumped back .... 

NO... NO ....TAK BOLEH ....

our professional body say we are not allowed 

to share with estate agents .....

JILAKER  betul jadi Estate Agent .... 

you expect agents to share half with you 

.... but you cannot share yours ...