Hyped Up Buyer Agents

All industries are susceptible to unethical or greed-motivated individuals, and the buyers’ agency industry is no exception. I first started over 25 years ago, and it was a natural extension of my interest in property and having deep local knowledge of a place I love – Byron Bay and the hinterland. I also had a natural desire to help people, so being a BA was a natural fit.

Unfortunately, there has been a recent surge in the number of new, inexperienced BAs who are motivated by turnover and by doing deals rather than by serving clients well. Many of them are enticed into an online course with the promise of excessive incomes for minimal work. This article mentions how it looks like APRA may need to enter the market to try to cool off this side of the business., If you, or people you know, are looking to use a BA, I encourage you to use one registered with a reputable Guild like REBAA, Real Estate Buyers Agents of Australia.

On the other end of the spectrum, many long-term, experienced BAs are assisting their clients more often with off-market sales. Up to one-fifth of property sales these days are sold without being publicly listed. This podcast explains how it is done and why it is gaining popularity.