• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 3 of 3
  1. #1
    Join Date
    Jul 2003
    Kapiti in New Zealand

    Default Warning on 'bullying' estate agents

    Hi all,

    Buyer Beware!

    Auckland real estate agents are accused of using "bullying tactics" with Asian immigrants to get them to buy homes fast.

    The man, who was selling a Mt Wellington home earlier this year, says he was embarrassed by the methods agents used with Asian immigrants looking to buy his home.

    The bungalow sold for more than $300,000 to a Chinese family with limited English. This was a $100,000 increase on the purchase price when he bought it in 2002.

    Read More->

    Best Regards


  2. #2
    Join Date
    Sep 2003


    That's nasty, and giving our country a bad name internationally, which doesn't do anyone any favours.

    It seems that the original vendor did accept the trumped up price before whistleblowing, though.

  3. #3


    Hi there,

    2 offers I made on properties could have been gazumped if I'd let the vendor's terms in the contract be accepted by us... I will explain this in detail when I get a moment sparte to write about my recent Property Investing trip to NZ.
    To say that ALL Real Estate agents act in accordance with a moral/ethical code is questionable at best. Sometimes you'll come across a shifty RE. Most of the RE's I met were nice and forthcoming (for the most part).

    For migrants wanting to spend that sort of money, without understanding the language is foolish. I know this sounds harsh, but if I turned up in Hong Kong and wanted to buy property without speaking the language, I would get a buyer's advocate or a translator to do some of the leg work for me. What's a couple of thousand dollars, if your thinking of spending 100's of thousdands?

    If I went to MacDonalds, they will always try to upsale me "Would you like fries with that?" That's how marketing works and it does bring in the money. This RE obviously took a very narrow branch and jumped on it.

    I don't think what the RE did was right at all, but if he's working for the vendor and he wants to get a name for himself, good commission and also a great outcome for his vendor, then that's what he's done.

    I think that Buyer Beware does make a lot of sense in this particular instance.

    What are your thoughts?

    Night Night
    Positive breeds Positives!


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Real estate agents: do you get what you pay for?
    By nicsa122 in forum Property Investment (NZ)
    Replies: 22
    Last Post: 01-04-2015, 10:24 PM
  2. Undercover agents catch out dodgy estate agents
    By Marc in forum Property Investment (Oz)
    Replies: 2
    Last Post: 28-11-2012, 04:26 PM
  3. Replies: 12
    Last Post: 15-07-2011, 08:52 PM
  4. Real estate agents dob each other in
    By essence in forum Regions News (NZ)
    Replies: 2
    Last Post: 21-07-2010, 01:44 PM
  5. debt collectors bullying tenants - what would you do?
    By WGN ex-property manager in forum Tenant Stuff (NZ)
    Replies: 7
    Last Post: 17-03-2010, 07:55 PM
  6. Real Estate Agents Act
    By Findspace in forum General (NZ)
    Replies: 0
    Last Post: 03-11-2009, 02:49 PM
  7. How much do real estate agents take?
    By SwissTony in forum Property Investment (NZ)
    Replies: 16
    Last Post: 02-09-2009, 02:25 PM
  8. Estate Agents
    By Denc in forum Property Investment (NZ)
    Replies: 1
    Last Post: 07-05-2009, 02:11 PM
  9. Price-fixing warning for real estate network
    By Marc in forum Property Investment (NZ)
    Replies: 0
    Last Post: 31-03-2009, 04:26 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts