Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 
13313 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2295170 12-Aug-2019 22:20
Send private message quote this post

Batman:
gzt:
surfisup1000: A whole generation of aucklanders who have grown up thinking house prices will increase 20% or more a year.

As you know apartments are not the same market which is one of many reasons that banks require 20%. Imo if deposit requirements on apartments were lower this would solve a lot of problems. And create a few more to solve naturally.


What kind of 1 bdr apartment costs 600k?

 

 

 

A nice one in Wellington, for a start.






13313 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2295173 12-Aug-2019 22:26
2 people support this post
Send private message quote this post

Real Estate agents require very little training and are vastly overpaid in a good market for what they do especially given the unique idea that the client should pay their advertising costs...as well as a huge percentage.

 

 

 

They are not really a significant intellectual step up from double glazing or used car salesmen.

 

 

 

If you work out the price Auckland houses were selling for at the top of the market and the short amount of hours an agent needed to put in to get the sale, they were being paid better than a QC.....






 
 
 
 


1356 posts

Uber Geek


  # 2295186 12-Aug-2019 22:46
Send private message quote this post

Geektastic:

 

Real Estate agents require very little training and are vastly overpaid in a good market for what they do especially given the unique idea that the client should pay their advertising costs...as well as a huge percentage.

 

 

 

They are not really a significant intellectual step up from double glazing or used car salesmen.

 

 

 

If you work out the price Auckland houses were selling for at the top of the market and the short amount of hours an agent needed to put in to get the sale, they were being paid better than a QC.....

 

 

I'm sure my mother would disagree, she has to undergo training just to keep her license and while she is at her course that constantly remind them of all the ways they can lose their licenses, there is quite a lot she can get in trouble for if she doesn't do everything by the book. She isn't vastly overpaid, I don't think most agents are, in my experience there is a small percentage of them that do earn much more than the rest (around the 20% mark). For the company she works for in Auckland she has to pay all advertising costs, usually Trademe will charge around the $700 mark. I've personally seen her spend hours upon days upon weeks to get a deal through and at the end of the day no one cares about her time or the fact that she is missing out of family time just to make a living, more often than not a deal falls through due to the people being too greedy.

 

So yeah I would have to disagree with that statement as most of it simply isn't true.




959 posts

Ultimate Geek

Subscriber

  # 2295233 12-Aug-2019 23:35
One person supports this post
Send private message quote this post

Geektastic:

 

Real Estate agents require very little training and are vastly overpaid in a good market for what they do especially given the unique idea that the client should pay their advertising costs...as well as a huge percentage.

 

They are not really a significant intellectual step up from double glazing or used car salesmen.

 

If you work out the price Auckland houses were selling for at the top of the market and the short amount of hours an agent needed to put in to get the sale, they were being paid better than a QC.....

 

LOVE it 😀 - so true 🍷





iMac 27" (late 2013), Airport Time Capsule + Airport Express, iPhone7, iPad6, iPad Mini2

 

Panasonic Blu-ray PVR DMR-BWT835 + Panasonic Viera TH-L50E6Z, Chromecast Ultra, Yamaha AVR RX-V1085


Overarching undertones
3840 posts

Uber Geek

Subscriber

  # 2295242 13-Aug-2019 03:59
One person supports this post
Send private message quote this post

lNomNoml:

Geektastic:


Real Estate agents require very little training and are vastly overpaid in a good market for what they do especially given the unique idea that the client should pay their advertising costs...as well as a huge percentage.


 


They are not really a significant intellectual step up from double glazing or used car salesmen.


 


If you work out the price Auckland houses were selling for at the top of the market and the short amount of hours an agent needed to put in to get the sale, they were being paid better than a QC.....



I'm sure my mother would disagree, she has to undergo training just to keep her license and while she is at her course that constantly remind them of all the ways they can lose their licenses, there is quite a lot she can get in trouble for if she doesn't do everything by the book. She isn't vastly overpaid, I don't think most agents are, in my experience there is a small percentage of them that do earn much more than the rest (around the 20% mark). For the company she works for in Auckland she has to pay all advertising costs, usually Trademe will charge around the $700 mark. I've personally seen her spend hours upon days upon weeks to get a deal through and at the end of the day no one cares about her time or the fact that she is missing out of family time just to make a living, more often than not a deal falls through due to the people being too greedy.


So yeah I would have to disagree with that statement as most of it simply isn't true.



I couldn’t agree with @Geektastic more. Yes they have to do some training - but it’s nowhere near the amount that people in the ‘real’ professions have to do (3-5+ year university degrees), or the amount of learning required to become a tradie via an apprenticeship for that matter.

You do not need to be of above-average intelligence to be a REA.

So IMO it’s correct to say “Real Estate agents require very little training and are vastly overpaid in a good market for what they do.”

1 | 2 | 3 | 4 | 5 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Logitech introduces new Made for Google keyboard and mouse devices
Posted 16-Oct-2019 13:36


MATTR launches to accelerate decentralised identity
Posted 16-Oct-2019 10:28


Vodafone X-Squad powers up for customers
Posted 16-Oct-2019 08:15


D Link ANZ launches EXO Smart Mesh Wi Fi Routers with McAfee protection
Posted 15-Oct-2019 11:31


Major Japanese retailer partners with smart New Zealand technology IMAGR
Posted 14-Oct-2019 10:29


Ola pioneers one-time passcode feature to fight rideshare fraud
Posted 14-Oct-2019 10:24


Spark Sport new home of NZC matches from 2020
Posted 10-Oct-2019 09:59


Meet Nola, Noel Leeming's new digital employee
Posted 4-Oct-2019 08:07


Registrations for Sprout Accelerator open for 2020 season
Posted 4-Oct-2019 08:02


Teletrac Navman welcomes AI tech leader Jens Meggers as new President
Posted 4-Oct-2019 07:41


Vodafone makes voice of 4G (VoLTE) official
Posted 4-Oct-2019 07:36


2degrees Reaches Milestone of 100,000 Broadband Customers
Posted 1-Oct-2019 09:17


Nokia 1 Plus available in New Zealand from 2nd October
Posted 30-Sep-2019 17:46


Ola integrates Apple Pay as payment method in New Zealand
Posted 25-Sep-2019 09:51


Facebook Portal to land in New Zealand
Posted 19-Sep-2019 18:35



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.