Have just come across an experience where a property agent charges 3% for commission. If the deal is aborted, then it is 1.5%.
Imagine the irony of such agent fees and they put the Registered Valuer's endorsement of their registration number to blanket ride this ridiculous charges.
This is almost unbelieveable given that commission is only meant when the sale is completed not when it is not successful.
This explains why houseowners decide to sell without agent.
Won't be surprise if this is a dying trade very soon !
I certainly will not be using any property agent for their service.
Simply lack of integrity.