Trade Me: Some agents will pay less
It has moved from a flat-fee system for advertisements for houses for sale, to a rate of $159 per listing, plus GST.
That prompted 18 offices, mostly in Hamilton and Hawke's Bay, to remove their listings from the site.
But head of commercial Jimmy McGee said the move was to bring the website's prices in line with the value it offered real estate agents and their clients.
“Under the new model, we believe our fee for agents of less than $200 + GST per listing until the property is sold still represents great value for money to vendors and their agents, about 1% of the commission an agent will get on an average-priced house.”
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