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Thread: Property agents can earn as much as a cabinet minister

  1. #21

    Default Re: Property agents can earn as much as a cabinet minister

    FYI only the top 5% do this well.

  2. #22

    Default Re: Property agents can earn as much as a cabinet minister

    .....

    Minister's pay is brought up many times

    We get peanut and we have peanut responsibility!

  3. #23
    Moderator Octarine's Avatar
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    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Jedi View Post
    What are talking about? How does a property agent help you in your salary? It has no relationship at all. Please read my post carefully.
    You said that a property agent helps his clients to make money. If I engage one to find a property, how would he help me to make money?
    EOS

  4. #24
    Moderator Octarine's Avatar
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    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Sion View Post
    A property agent helps your property to apprecaites its value in years ahead and thereby making everyone a wealthy man in Singapore.
    What stuff are you smoking? Sure it's legal?
    EOS

  5. #25

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Octarine View Post
    You said that a property agent helps his clients to make money. If I engage one to find a property, how would he help me to make money?
    Yep.. he only make money for the seller/landlord. And that money comes from the opposite side (buyer/renter). IMO not much value creation except for driving the buyer around.. lol (and paperwork of course)

  6. #26
    Senior Member Sion's Avatar
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    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Octarine View Post
    What stuff are you smoking? Sure it's legal?
    What I smoke is just the tapioca leaves stolen from your balcony pots.

    I think you has police permit to grow them for self-consumption:


  7. #27
    Senior Member denniskee's Avatar
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    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by ricohflex View Post
    Some real estate agents have low status in SG society.
    ?? learn something new everyday.

    Btw, there is a chinese saying "笑貧不笑娼"
    Last edited by denniskee; 30th August 2013 at 09:47 AM.
    photography makes one sees things from all angles.

  8. #28
    Senior Member UncleFai's Avatar
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    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Yappy View Post
    .....

    Minister's pay is brought up many times

    We get peanut and we have peanut responsibility!
    Pay gold bars, still get monkeys.

    http://billmoyers.com/2013/08/28/pay...r-performance/

  9. #29

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Jedi View Post
    A successful property agent helps his clients to make money. That's the main value.
    Not all property agents do only residential.
    Residential agents can make money for clients - rental properties, fire-sale negotiations, lobangs on repo properties...even HDB rent a room, client also can earn $.

    Commercial property agents help biz owners find a suitable place for their biz - client can make $ (depends on biz of course).
    There are also leasing officers on retainer to the main developers (Far East Property Group) who are also paid commission. Their job of course is to lease out property and make $ for the company

    There are also agents who attend condo launches as sales team. They get $4000 or more for each apartment sold. Make $ for developer, right.

    So which of the above kind of client you are...thats where agent can make $ for you
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  10. #30

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Shizuma View Post
    Not all property agents do only residential.
    Residential agents can make money for clients - rental properties, fire-sale negotiations, lobangs on repo properties...even HDB rent a room, client also can earn $.

    Commercial property agents help biz owners find a suitable place for their biz - client can make $ (depends on biz of course).
    There are also leasing officers on retainer to the main developers (Far East Property Group) who are also paid commission. Their job of course is to lease out property and make $ for the company

    There are also agents who attend condo launches as sales team. They get $4000 or more for each apartment sold. Make $ for developer, right.

    So which of the above kind of client you are...thats where agent can make $ for you
    You sum it all. Unfortunately, some people just don't see the light.

  11. #31
    Moderator Octarine's Avatar
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    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Jedi View Post
    You sum it all. Unfortunately, some people just don't see the light.
    Some people are just not on the side of property owner. For those who want to get property / rent units etc. any agent is also a cost factor or even worse: the cause for frustration and anger.
    EOS

  12. #32

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Octarine View Post
    Some people are just not on the side of property owner. For those who want to get property / rent units etc. any agent is also a cost factor or even worse: the cause for frustration and anger.
    Shizuma has given more details in answering your question.

    Of course, all of us know that there are good and bad salesperson in any industry, not just property. So if you met a bad agent, then you considered yourself unlucky.

    Those good ones are the ones creating values to you, and thus would be able to earn high commissions. This explains why some of them could earn millions as commisiions.

  13. #33

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by Jedi View Post
    Shizuma has given more details in answering your question.

    Of course, all of us know that there are good and bad salesperson in any industry, not just property. So if you met a bad agent, then you considered yourself unlucky.

    Those good ones are the ones creating values to you, and thus would be able to earn high commissions. This explains why some of them could earn millions as commisiions.
    Honestly, his reply mentioned nothing about agents helping the renter/buyer side. The problem is, not all of us here lucky enough own two property to sell.. or upgrade.
    What they do is jacking up the price as high as possible to earn maximum commission. This in turn, inflate overall property prices islandwide.
    I've heard from a friend that an agent practically auctioning a unit to highest bidder, rather than first come first serve.
    If Sion is right.. I hope they burn some paper house for themselves

  14. #34

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by hanzohattori View Post
    Honestly, his reply mentioned nothing about agents helping the renter/buyer side.
    Not really. What Shizuma had said applied to either buyer or seller of a property. It worked both ways.

    Quote Originally Posted by hanzohattori View Post
    The problem is, not all of us here lucky enough own two property to sell.. or upgrade.
    You are right to say that not everyone has the financial means to own more than one property.

    However, what Shizuma had said still applied should you one day need to engage a property agent. Ask yourself this question - why do you need to engage a property agent? It is simply because you need his service to buy or sell your property even if it is for your own stay. On the other hand, if you apply for a BTO flat from HDB and got it; and stay there till you leave this world, then you will never need to engage a property agent to sell/buy any property. However, many people gotten their BTO or resale flats, stay there till the MOP is up or later, and then sell their flats to due to whatever reasons (such as moving closer to children schools, upgrade/downsize flats, upgrade to private properties, divorce, and so forth. Hence, these people will need to engage property agents to help them to sell/buy flats.

    Quote Originally Posted by hanzohattori View Post
    What they do is jacking up the price as high as possible to earn maximum commission.
    Do you have any proof or evidence to substantiate your claim? This may be a myth or practice by some agents. As such, everyone blames the entire agent population.

    Quote Originally Posted by hanzohattori View Post
    I've heard from a friend that an agent practically auctioning a unit to highest bidder, rather than first come first serve.
    Do you mean that you as a seller of a unit received many offers from the buyers, and the agent choose the highest offer to close the deal? If that is the case, aren't you happy that you sold your unit at the highest price? Or you prefer to sell to the lowest offer even though that particular buyer was the first to offer?

  15. #35

    Default Re: Property agents can earn as much as a cabinet minister

    Quote Originally Posted by hanzohattori View Post
    What they do is jacking up the price as high as possible to earn maximum commission. This in turn, inflate overall property prices islandwide.
    I've heard from a friend that an agent practically auctioning a unit to highest bidder, rather than first come first serve.
    some agents get kick-in bonuses from their clients , but at 2% vanilla commission contracts, it 10000 dollars price increase only moves the commission up by 200 dollars. most agents would rather quickly close deal and move on to next

    as for buy-side or renting, no housing agent, how you find house? not everybody is so free. (mugger foreign student, harried home-maker , busy towKay ). how to find time slowly-slowly go through listings , call to check not ghost listing, arrange timing and schedule, etc.

    for business owner looking for new place for expansion, just throw the specs to agent.

    anyway, pay package for mini star is not necessarily commensurate to competence. one can have more responsibility than competence, that is how screw ups happen. eg if a project manager blew over his Initial budget by 10 million . . . think what will happen. now think over blow by hundreds of million.

    of course, our AGM is only once in 5 years so not so easy to remove under-performing directors
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  16. #36
    Member Bukitimah's Avatar
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    Default

    I don't think you can make such a comparison. Every single minister net worth is more than most property agents and their income including their minister pay are quite obvious. Not taking into account other private business. Whilst property agent income are not fixed and those whose 'make it' to at least the minister pay alone level aren't many. Such income also is not regular.

    To choose between the two, minister is definitely better. However, our ministers are never there because of $, they just want to serve and return to society leh.

  17. #37
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    Default Re: Property agents can earn as much as a cabinet minister

    You do not find top end real estate professionals like Dennis Wee or ERA CEO or Propnex CEO agreeing to be the subject of such write-up in a boastful article.

    They know better. They do not need to boast. There is no need to compare with a Minister.

    That article is a silly advertisement for an idiot who thinks he has made it. He does NOT represent the rest of the real estate industry.
    Last edited by ricohflex; 31st August 2013 at 11:15 AM.

  18. #38
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    Default Re: Property agents can earn as much as a cabinet minister

    to be fair to the guy being featured, didnt read anywhere that he actually said he earned as much as the ministers. In fact, if his highest commission is $30,000 so far and majority of it went to pay for a car, i really dont think he's earning a million bucks annually.

    It's the reporter who hyped the matter up, hoping to garner more eyeballs.

  19. #39

    Default Re: Property agents can earn as much as a cabinet minister

    Does anyone have a concrete answer as to how long will a person take from the very beginning when a decision made to becoming a qualified full-fledge property agent?

  20. #40

    Default Re: Property agents can earn as much as a cabinet minister

    Could anyone recommend any CEA Approved Course Provider(ACP) for Real Estate Salesperson (RES) course with the lowest course fee but without compromised teaching quality? and why?
    Last edited by Rafael; 2nd September 2013 at 11:53 AM.

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