Couple viewed flat and then came hubby's sister - seeking agent's commission

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09-12-09, 12:04
mr funny

Couple viewed flat and then came hubby's sister - seeking agent's commission

http://www.straitstimes.com/STForum/...ry_464062.html

Dec 9, 2009

Couple viewed flat and then came hubby's sister - seeking agent's commission

RECENTLY, I advertised to sell an apartment unit and a few days later, a woman called and came over to view the unit.

She showed interest and brought her husband for a second viewing. The couple indicated they liked the place and requested another viewing with their family. At the third viewing, the whole family came and the husband's sister handed me a business card, which showed she was a housing agent from DTZ.

Two days later, the sister called to say she was offering $900,000 ($400,000 below the asking price) on behalf of her brother, and wanted a commission for herself. Or her brother would buy another nearby condominium unit.

Can a housing agent ask for commission after the buyers had already viewed a property twice without the agent being present? Is there a need to pay commission to the buyer's family member who happens to be a housing agent?

Is such a practice ethical?

Koh Siew Buay (Ms)
09-12-09, 12:10
sleek

Quote:

Originally Posted by mr funny

... she was offering $900,000 ($400,000 below the asking price)...

Is this correct at $400K below asking price? Or is the bank valuation really $900K only? :beats-me-man:
09-12-09, 13:33
mcmlxxvi

Quote:

Originally Posted by mr funny

http://www.straitstimes.com/STForum/...ry_464062.html

Dec 9, 2009

Couple viewed flat and then came hubby's sister - seeking agent's commission

RECENTLY, I advertised to sell an apartment unit and a few days later, a woman called and came over to view the unit.

She showed interest and brought her husband for a second viewing. The couple indicated they liked the place and requested another viewing with their family. At the third viewing, the whole family came and the husband's sister handed me a business card, which showed she was a housing agent from DTZ.

Two days later, the sister called to say she was offering $900,000 ($400,000 below the asking price) on behalf of her brother, and wanted a commission for herself. Or her brother would buy another nearby condominium unit.

Can a housing agent ask for commission after the buyers had already viewed a property twice without the agent being present? Is there a need to pay commission to the buyer's family member who happens to be a housing agent?

Is such a practice ethical?

Koh Siew Buay (Ms)

Maybe the sister was all the way offering them advise on loans, financial planning, interest rates, property valuations etc etc? Which by no means is still worthy of SERVICE.
09-12-09, 14:44
Acer

Look for another buyer.
09-12-09, 16:50
cheerful

haha...sis shd ask commission fr her own bro!
09-12-09, 17:04
2824

wunder whether the question would still be asked if the offer price matched or exceed the asking price? :2cents:
09-12-09, 19:31
teddybear

Actually, just look at the offer price ($400k below asking) and there is not even need to care whether she asked for commission or not. Either they are offering super low or the asking is super high. Frankly speaking, the writer should tell her that if they offer asking price then will pay her commission, otherwise ask her to fly kite. Want to buy other condo, go buy lah, cut this type of crap tactic (see too much already). Not the writer's business right? (unless the writer is desperate to sell).

Quote:

Originally Posted by 2824

wunder whether the question would still be asked if the offer price matched or exceed the asking price? :2cents:
09-12-09, 21:21
august

Tell her bcos of her commission, the price is now marked up ~ :)
09-12-09, 22:50
proud owner

Quote:

Originally Posted by mr funny

http://www.straitstimes.com/STForum/...ry_464062.html

Dec 9, 2009

Couple viewed flat and then came hubby's sister - seeking agent's commission

RECENTLY, I advertised to sell an apartment unit and a few days later, a woman called and came over to view the unit.

She showed interest and brought her husband for a second viewing. The couple indicated they liked the place and requested another viewing with their family. At the third viewing, the whole family came and the husband's sister handed me a business card, which showed she was a housing agent from DTZ.

Two days later, the sister called to say she was offering $900,000 ($400,000 below the asking price) on behalf of her brother, and wanted a commission for herself. Or her brother would buy another nearby condominium unit.

Can a housing agent ask for commission after the buyers had already viewed a property twice without the agent being present? Is there a need to pay commission to the buyer's family member who happens to be a housing agent?

Is such a practice ethical?

Koh Siew Buay (Ms)

tell her you advertised yourself and you dont need an agent ..

and they have viewd the place without her in the first place ..

jack up the price if i were you .. to cover your advertisement ..make sure in the end ...its the bro who is indirectly paying for her commision
09-12-09, 23:41
echotrain

Correct!

She can go collect commission from her own brother.

Seller marketed the place herself, no need to pay anyone.

What advice, who cares? If you didn't ask specifically for the professional opinion, she can't charge you.

Quote:

Originally Posted by proud owner

tell her you advertised yourself and you dont need an agent ..

and they have viewd the place without her in the first place ..

jack up the price if i were you .. to cover your advertisement ..make sure in the end ...its the bro who is indirectly paying for her commision
10-12-09, 00:03
hans

Than she should get commission from the buyer.

Quote:

Originally Posted by mcmlxxvi

Maybe the sister was all the way offering them advise on loans, financial planning, interest rates, property valuations etc etc? Which by no means is still worthy of SERVICE.
10-12-09, 08:56
Squall8888

There is no need to pay the agent. Remember to draft your own OTP. Or ask your lawyer to draft one.
10-12-09, 09:18
mogyi

that's why the industry needs to be regulated. cos these things happen... shady and dodegy tactics
10-12-09, 22:37
Regulators

If i were the agent for seller, i will just tell the couple that their sister is trying to come in to complicate matters when negotiations between them have been going smoothly until the sister came into the picture. If the couple are smart enough, they should know that their sister is making use of them for her own selfish gain.
11-12-09, 07:56
sleek

So is the property overvalued by 45% or undervalued by 30%? :beats-me-man: