Is there nothing that REAs don’t want commission on?!

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This topic contains 11 replies, has 8 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 6 months ago.

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  • #52876
    Profile photo of Anonymous
    Anonymous
    Participant

    Had an enquiry this morning from an estate agent to carry out a survey for one of their clients. No problem there, that’s often the way the introduction is made.

    But, this particular agent wanted to put a commission on top of my survey fee to the client! As if they don’t already “earn” enough commission from buyers!

    When I said that I would only deal with (and invoice) the client direct, they asked how they would earn “their” commission. I said they wouldn’t, at which they said that another surveyor they have worked with is happy to invoice the REA and for them to stick their commission on top. I suggested that they therefore use that surveyor because my choice is to remain and be seen to be totally independent. I see it as bribery.

    So, I’ve no doubt done myself out of a job but at least my professional integrity is in tact.

    This sort of practice raises several worrying issues:

    1. The unsuspecting would-be buyer ends up paying more for a survey.

    2. If the would-be buyer decides not to proceed with the purchase because of something brought to light by the survey then the REA is unlikely to be inclined to pass payment on to the poor old surveyor, because they’ve lost the sale.

    3. If the surveyor is in effect contracted to the REA, then the REA will want sight of the survey report (which ordinarily is confidential between surveyor and client). So not only would they be able to disclose its contents to all and sundry, including the vendor, but could also theoretically make changes to the report.

    4. There are obviously surveyors out there who are willing to go along with this practice.

    Can you imagine the outcry if this was standard practice in the UK?!

  • #71990
    Profile photo of Anonymous
    Anonymous
    Participant

    Good on you for your professional honesty, Hillybilly.
    Integrity before greed? A rare commodity in Spain.
    You may have lost one client, but when the time comes for me to buy in Spain – you will gain one!

    I know you can’t name names on this forum (though don’t see why not in certain circumstances..), but out of interest was the REA one of the big names? Spanish or English?

  • #71994
    Profile photo of Anonymous
    Anonymous
    Participant

    Isn’t that how the whole corruption problem started and continues on the CDS? Everyone wanting commission on top of their fees?..The Developer/REA/Lawyer scenario?

    Of late, I’m wondering if the same corruption isn’t happening in the Developer/ Bank/Court/Judge scenario. (Don’t shoot me down in flames!!! I have just reason to think this!!)

    Well done Hillybilly. Long live integrity! 🙂

  • #71995
    Profile photo of katy
    katy
    Spectator

    Good to know someone (Hillbilly) has integrity 🙂 Claire I think you are right.

  • #71996
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    I know you can’t name names on this forum (though don’t see why not in certain circumstances..), but out of interest was the REA one of the big names? Spanish or English?

    Not one of the big big names but not one operating out of the boot of a car either. An expat one yes.

  • #72007
    Profile photo of Anonymous
    Anonymous
    Participant

    hillybilly

    i should think someone with your values are worth their weight in gold in Spain! Even in the last day or two we have had people posting on here saying black money is ‘the norm’, and virtually saying dishonesty is just the accepted way in Spain. Sadly, i think it’s the sort of people that condone that sort of practice, that are fueling many of the recent problems in Spains building industry. Greed has made them very short sited! I really hope now that potential new buyers have so much more info at hand (if they bother to look for it?) that the good guys will gain from the demise of those who feel lies and dishonesty are acceptable.

  • #72011
    Profile photo of Anonymous
    Anonymous
    Participant

    Very well put Goodstitch, & Hilybilly will certainly be in my address book if I ever decide to buy in Spain again ❗

  • #72056
    Profile photo of Anonymous
    Anonymous
    Participant

    Hillybilly – would appreciate some contact details as would be delighted to use you for survey for our future purchase if possible…
    Thanks,

  • #72061
    Profile photo of Anonymous
    Anonymous
    Participant

    Well blow me down if the REA didn’t get back in touch this morning to ask me to go ahead with the survey, on my terms!!!!
    cbogan, my details are already on this site under the resources section.

  • #72066
    Profile photo of Anonymous
    Anonymous
    Participant

    cbogan – in case you didn’t get that, just click on hillybilly’s at the bottom of her posts.

  • #72075
    Profile photo of Anonymous
    Anonymous
    Participant

    Not only that Hillybilly, but R.E.A. could then charge ANY prospective buyers the full whack for a copy of your work on that property.
    Aren’t they Divils ?

  • #72322
    Profile photo of Anonymous
    Anonymous
    Participant

    Turned out the REA had been trying to charge the client an extra 300€ i.e. a whopping 66% “commission” on the survey fee!!!!!!!!

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