Yeah, doctors & lawyers. And you mention that their costs haven't gone up? how do you figure? CPI indices indicate otherwise.west2east wrote: Today they demand a fee of $4000 for the same flat that earned them $1000 a decade ago. Has any other industry (e.g. school teachers or nurses) seen such a dramatic rise in their income while doing the same work?
Ah I see. I suppose the only possible downside is that you have an agent (well, two) earning half what they might if it had have been let under more orthodox means. But if it works out it is certainly a bonus.x9200 wrote: The main legal restriction is for the agent not to represent both parties. I am not aware of anything that could prevent the LL or the tenant to hire as many agents as they want. In practice it still works via the old scheme so both agents are paid (here) by the LL and this is more about the agreement between the agents as the LL still pays the same money.
10 years ago, the real estate industry was held over a barrel by newspaper advertising costs. They also had to hire a secretary to handle visitors when they were out of the office.Yeah, doctors & lawyers. And you mention that their costs haven't gone up? how do you figure? CPI indices indicate otherwise.
Let's put it into one& two syllable terms so maybe both of you will understand it.....sallyanne.uk wrote:I'm really bewildered by this too. People really scoff at paying more than about £200 to an agent in the UK, paying a month's rent could be like paying £2,000 for many of the nicer apartments are $4,000 or more per month.
Do companies normally pay these fees for the foreign workers, is that why the fees are so high?
Or do the agents in Singapore really work hard and find the flat for you?
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