Dealing with Retrenchment

Dealing with retrenchment is something out of most people's mind during a boom time. As such most recent graduates would not have any idea how to deal with retrenchment.

Do you know how to deal with retrenchment? Do you know that the preparation for a possible retrenchment is done during the boom time? For instance, controlling your budget and preparation for emergency funds.

Retrenchment is going to be very common now given the short span of boom and bust cycle, as such it would be good to equip yourself with the knowledge of dealing with retrenchment.

For more information on how to deal with retrenchment, please click here.

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Dirty Tricks of Bad Real Estate Agents

Dirty tricks by bad real estate agents is something all of us should know since in our lifetime, we are expected to deal with properties at least once. So here are some of these tricks. Readers do take note of it when engaging real estate agents

Refusing to Co-Broke Property

Co-broking occurs when there are two property agents involved in a single transaction. In a co-broke transaction, the commission have to be shared out between the two agents. Some agents who refuse to share the commission would refuse to meet up or follow up clients from other agents. As such, the seller would not have the full exposure to the market.

Overpromise

Some agents promise that he has a ready buyer who can come up with high price, so that the property seller would appoint them as their agent. Such would force the seller to sell at a lower price than expected because once they realise the agent is lying, it might be too late.

Working for more than one company

Some agents may work for several company, so as to get as much client listing as possible. And because different companies have different payment structures, an agent might close the deal under the structure that is favorable.

Hijacking

Hijacking refers to an agent going behind the back of another agent and engage directly to the clients, promising better deals and urging them to sign with him instead. Such act is deemed unethical, and property buyers and sellers should try to avoid, as you never know you might need the help of these other agents.

For more information on property investment, please click here.

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