Property Agents make A LOT of Money - Page 19 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Property Agents make A LOT of Money

Reply
 
Thread Tools
  #181 (permalink)  
Old 01-06-2013, 09:32 AM
Senior Member
 
Join Date: Jan 2012
Posts: 76
SG_User is on a distinguished road
Default

I think, make a lot of money only if you have a vast customer base and also good communication skills.

Having said that, I have received too many property agent flyers. Seems that many are desperate for customers...

Reply With Quote
  #182 (permalink)  
Old 01-06-2013, 01:34 PM
Super Member
 
Join Date: Dec 2011
Posts: 231
cslee is on a distinguished road
Default

Quote:
Originally Posted by SG_User View Post
I think, make a lot of money only if you have a vast customer base and also good communication skills.

Having said that, I have received too many property agent flyers. Seems that many are desperate for customers...
We always drive to Hougang Central to do marketing. Ongoing Mid-town showflat launch have been ongoing for past few months. The nearby Park and Ride carpark is full of the property agents' cars. And whole lot of them are also eating in nearby Kang Kar foodcourt. You can easily identify them by their attires and lanyards. Most (if not all) drive BMWs, Merc etc.

Happen to see one of them is a parent of my child's classmate in childcare centre. Still owe 2-3 months childcare fee outstanding notice after I fetched my kid recently. I had an impression that these agents "die die" must keep their expensive & successful outlooks despite unpaid dues. If it were me, I would sell away my expensive car and pay up my dues first.

It's now widely reported that transaction volumes are down despite prices not yet moving. It's mean sellers not wiling to sell low and buyers still waiting on sideline for price correction. With such backdrop, how can we sustain army of property agents driving BMWs in a small nation that further reduce supply of COEs?

Reply With Quote
  #183 (permalink)  
Old 01-06-2013, 01:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Just out of curiosity, I wonder how much is a PA earning now on average...
There is this famous quote in Real estate industry.

100 people, 50 drop out.
30 barely make ends meet
18 did above average
2 made it big.

I think 50-100k PA is average.
Seems a lot right? But must remember to minus expenses, advertisement, petrol, car all these.. And also work 7 days a week, on the go kind of job. No MC, no CPF, no benefits, no bonus, no security.

End up, you may not have much left.

Worth trying. But if you can't hit 150k PA and above, better leave fast and find a stable job.

Reply With Quote
  #184 (permalink)  
Old 02-06-2013, 07:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Ha ha ha ... with this income he can't afford to buy the car? He must have been bullying you ...


Quote:
Originally Posted by earn and earn--- View Post
My property agent told me he earned more than 300K last year and 50K alone last month. And he is a resident agent and does not have a car, he only sells apartments within our condominium.

Imagine his savings!

But if the market spirals downhill things may turn out differently of course, after all last year was a bumper crop year for all in property line...
Reply With Quote
  #185 (permalink)  
Old 02-06-2013, 08:26 AM
Unregistered
Guest
 
Posts: n/a
Red face

Quote:
Originally Posted by cslee View Post
We always drive to Hougang Central to do marketing. Ongoing Mid-town showflat launch have been ongoing for past few months. The nearby Park and Ride carpark is full of the property agents' cars. And whole lot of them are also eating in nearby Kang Kar foodcourt. You can easily identify them by their attires and lanyards. Most (if not all) drive BMWs, Merc etc.

Happen to see one of them is a parent of my child's classmate in childcare centre. Still owe 2-3 months childcare fee outstanding notice after I fetched my kid recently. I had an impression that these agents "die die" must keep their expensive & successful outlooks despite unpaid dues. If it were me, I would sell away my expensive car and pay up my dues first.

It's now widely reported that transaction volumes are down despite prices not yet moving. It's mean sellers not wiling to sell low and buyers still waiting on sideline for price correction. With such backdrop, how can we sustain army of property agents driving BMWs in a small nation that further reduce supply of COEs?
It's quite strange phenomena here in Singapore, the prop agents are driving the lux cars, while the buyer are taking public transport. What happen in other countries are the opposite. Something strange are happening in Sg property market ...


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #186 (permalink)  
Old 02-06-2013, 08:57 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It's quite strange phenomena here in Singapore, the prop agents are driving the lux cars, while the buyer are taking public transport. What happen in other countries are the opposite. Something strange are happening in Sg property market ...
I know of an agent who has just quitted. She said it is tough, not many owners are selling because the owners believe prices can go up further. Those selling are not in a hurry to sell and not reducing prices. Owners have holding power. So, not much transactions. So even though prices continue to rise, transactions are down. So, agents cannot make much.
Reply With Quote

  #187 (permalink)  
Old 02-06-2013, 11:59 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It's quite strange phenomena here in Singapore, the prop agents are driving the lux cars, while the buyer are taking public transport. What happen in other countries are the opposite. Something strange are happening in Sg property market ...
I think this is quite true. But I've heard that some agents are overloading themselves with personal loans and car loans to maintain a prosperous image.
Reply With Quote
  #188 (permalink)  
Old 03-06-2013, 08:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I know of an agent who has just quitted. She said it is tough, not many owners are selling because the owners believe prices can go up further. Those selling are not in a hurry to sell and not reducing prices. Owners have holding power. So, not much transactions. So even though prices continue to rise, transactions are down. So, agents cannot make much.
This is true. Sellers are being very stubborn to reduce their prices but buyers also want discounts. In many cases, there are stalemates and no transaction done. While both buyers and sellers remain stubborn, agents got nothing. However once prices start to rise again, buyers will panic and start to be more realistic in their discounts. For agents to survive, prices need to go higher again.
Reply With Quote
  #189 (permalink)  
Old 03-06-2013, 09:51 AM
Senior Member
 
Join Date: Jan 2012
Posts: 76
SG_User is on a distinguished road
Default

A vicious cycle indeed. Wait for a crash to happen.
Reply With Quote
  #190 (permalink)  
Old 03-06-2013, 12:43 PM
Unregistered
Guest
 
Posts: n/a
Default

There is this property agent who kept calling me to sell my condo. 3 years ago he told me to quickly sell as he said prices will crash by 30%, but I ignored him. I told him prices will not fall and I am right. Luckily I did not listen to him.

He still keeps calling me to sell now but I said prices will not fall as the new MRT station near my condo is still under construction and will be opened in 2015. He keeps quiet.

Don't trust agent when they tell you to sell. If they have buyers to buy from me, then why should I sell now? I will not sell because prices will move higher.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tuition Teachers Make 20k Salary.sg Income and Jobs 7 24-09-2020 09:50 AM
When getting advice on Getting Rich, never trust Property Agents / Consultants Salary.sg Investments and Net Worth 8 08-09-2011 04:21 PM
SMU Fresh Grads Make $4k to $10k Salary.sg Income and Jobs 140 04-06-2010 06:42 PM
Property Transactions Crashed (see graph), Agents Go Hungry Salary.sg Investments and Net Worth 4 28-12-2008 05:36 PM
Men, Divorcees Owe More Money Salary.sg Investments and Net Worth 0 14-06-2008 11:21 AM

» 30 Recent Threads
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,811 Replies, 2,167,889 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
4,014 Replies, 1,523,888 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,870 Replies, 4,488,767 Views
Lawyer Salary ( 1 2 3... Last Page)
14,945 Replies, 5,069,273 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,247 Replies, 1,538,030 Views
GovTech ( 1 2 3... Last Page)
775 Replies, 387,293 Views
ST Electronics ( 1 2 3... Last Page)
2,412 Replies, 646,390 Views
Htx ( 1 2)
19 Replies, 2,283 Views
Singtel Management Associate... ( 1 2 3... Last Page)
284 Replies, 161,825 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
295 Replies, 118,606 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,259 Replies, 319,037 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,931 Replies, 649,584 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
553 Replies, 323,541 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
132 Replies, 140,511 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,316 Replies, 2,676,610 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,074 Replies, 777,331 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
670 Replies, 337,980 Views
Changi Airport Group ( 1 2 3... Last Page)
420 Replies, 406,683 Views
Compare civil service salary ( 1 2 3... Last Page)
12,973 Replies, 7,673,168 Views
How much CPF do u have? ( 1 2 3... Last Page)
42 Replies, 21,830 Views
Citibank Singapore ( 1 2 3... Last Page)
173 Replies, 115,740 Views
Citibank Technology Analyst Program ( 1 2)
13 Replies, 7,942 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
206 Replies, 52,328 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,184 Replies, 588,868 Views
UOB Management Associate Program ( 1 2 3... Last Page)
548 Replies, 310,438 Views
Career as Teacher ( 1 2 3... Last Page)
4,172 Replies, 2,689,045 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
148 Replies, 197,489 Views
DBS Wealth Manager Fresh Grad...
3 Replies, 548 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
603 Replies, 478,654 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:17 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2