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NSW bucks predicted FHB drop-off

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Australian Broker | 17 Feb 2012, 02:00 AM Agree 0
The expected first homebuyer drop-off in NSW has not come to pass according to one broking business
  • Rizza | 27 Feb 2012, 04:02 PM Agree 0
    Brokers are obgtlaied by law to present all offers to their owners.Professional brokers do this, reputation is all in this business. Those sales people whose primary occupation is other than real estate might play around with this rule but they don't last in the business. More problematic for sellers are brokers who encourage their owners to accept a lesser commission by limiting the playing field to only buyers the selling broker brings in. This is not in the best interest of the seller, as it discourages co-broking and limits the possible buyers who will see the subject property. Therefore the seller leaves the closing table with a less net, despite paying a point or two less in commission.
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