Over time there has been quite a lot of talk about the shortcomings of the current real estate industry in NZ. Complaints and gripes abound from vendors and buyers alike. People like Neil Jenman take advantage of this to make money. I have done more than my share of defending the industry, for what I sometimes wonder. The government is supposedly looking to 'overhaul' the industry, but from what I can see this will only be tinkering with the existing system.
Some ideas on how to change it sometimes crop up here now and again.
I thought it might be productive to collect these ideas in one thread and hopefully start a debate on the pros and cons of different methods.
To start off, here are a couple of ideas.
1/ Keep the same system but improve it in places, much like the govt is planning.
2/ Have a system where the buyer and seller both engage an agent and the commission comes equally from the buyer and the seller. This may be close to the American method which I am not too familiar with.
So, any ideas, comments? I expect that if done properly there will be a more productive debate with ideas here than anything provided to the govt by the RE industry big-wigs who, I believe, have failed noticeably in their dutes over recent years and have brought so much of this chagran on themselves.
xris
Some ideas on how to change it sometimes crop up here now and again.
I thought it might be productive to collect these ideas in one thread and hopefully start a debate on the pros and cons of different methods.
To start off, here are a couple of ideas.
1/ Keep the same system but improve it in places, much like the govt is planning.
2/ Have a system where the buyer and seller both engage an agent and the commission comes equally from the buyer and the seller. This may be close to the American method which I am not too familiar with.
So, any ideas, comments? I expect that if done properly there will be a more productive debate with ideas here than anything provided to the govt by the RE industry big-wigs who, I believe, have failed noticeably in their dutes over recent years and have brought so much of this chagran on themselves.
xris
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