With the property market being at a new peak, we’ve seen a familiar phenomenon — one that we also witnessed back in 2013: there’s a flood of new realtors looking to join the market. The Straits Times reported 4,487 new agents over the past two years, with about 97 per cent of agents renewing their licenses this year. We also...
With the property market being at a new peak, we’ve seen a familiar phenomenon — one that we also witnessed back in 2013: there’s a flood of new realtors looking to join the market.
Another agent, who has also been in the industry for around four years, says that buyers and sellers look for experienced realtors — so a property upturn is not a “magic bullet” to success, if you only just joined this year: “I was very, very lucky, and during my first or second month, I had these buyers from Indonesia. Within the first month they bought three units, and thanks to that I won an award. I thought wow, this is my destiny.
Some agents agreed that, compared to the past, it is easier to be part of the sales team these days. However, not every show flat is guaranteed to be packed. One agent cautioned that, on certain days, you may have as little as a single viewing. “All it takes is for the developer to overhear you saying something they feel is bad — maybe you try to be frank, and you tell someone ‘oh, the three-bedder layout is a bit squeezy for the second bedroom’, and the developer might take offence. They can just say they don’t want this agent representing them, then game over.”
The cost of the video and marketing would likely mean that he doesn’t end up making much at the end of the day .
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