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Old Mortgage News

The joys of agents

Sunday 9th of July 2000

Real estate agents are more popular than banks – at least, that’s according to a recent survey by the Consumers’ Institute.

The latest Consumer magazine says that, out of the Institute members who replied to its survey, 77 per cent of people who used an agent to sell their house rated their performance "good" or "very good".

"That’s a higher percentage than the banks managed in our recent member survey," Consumer says. However, it says that estate agents’ reputation for misleading buyers and pressuring vendors to sell "is not altogether undeserved".

"The Commerce Commission has concerns about agents’ misleading practices. And a ruthless streak among some agents is perhaps to be expected when you consider about 80 per cent of salespeople do not make it past their third year in business."

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