Fin24.com recently ran a story on its website that South Africa’s property industry has already lost 55 000 registered estate agents out of 90 000 as a result of the weaker housing market.
As interesting as the story were the comments left on the web page by readers:
About time, with their exorbitant commission at 7% per sale it about time some of these crooks went t1ts up!
Good riddance. Should have happened ages ago. They are the bloody same as insurance agents and IT specialists, a dime a dozen. Always on your case if you are interested in property, knows what you want without asking, and tries to sell you the property that they will make the most commission on. Thanks for leaving and making my choices mine for a change!
Great news!!! This means 55 000 less estate agents to phone you at 1800 at night to try and convince you to sell your house with which you were perfectly happy. Oh yes I forgot, you then have to buy a more expensive house and the agent walk home with two deals. We will also be less exposed to name dropping, an must have quality for estate agents.
This may not be representative, but I get the impression from these comments that there is some discontent about the residential property broking system.
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