Author Topic: Private Sale Scam  (Read 4562 times)

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Offline Scunner

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Private Sale Scam
« Reply #20 on: January 26, 2010, 19:12:12 PM »
It is shocking how many agents are demanding 10% commission but can I point out that 3% isn't what they should charge by law, it's a figure most work to, that's all. 3% seems fair to me for the job but agents aren't committing a crime by asking for 10%. That's their offer, you are free to take it or leave it.

The other side of Jinky's story is the sinister one. Adding 35k to an asking price is theft from the buyer, who has agrees that the agent should earn 3% for his part, not 3% plus £35,000. Even more than that, these crooks do even better than you may have worked out so far - they earn 3% commission from the buyer on the extra £35,000 they added too!




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