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Title: Resistance to Change in the Australian Real Estate Industry: A Call for more Buyers Agents

Australia, 26th Jun 2024 - The Australian real estate industry is facing a critical juncture as resistance to change continues to hinder the evolution of a more balanced and equitable market. Despite the clear benefits of buyers agents, the industry remains entrenched in a culture driven by high commissions, with select selling agents dominating the landscape. DDP Property founder Zaki Ameer, aims to shed light on the reasons behind this resistance and advocate for the necessary changes to serve property buyers better.The Traditional Model: A Seller’s MarketFor decades, the real estate market in Australia has been predominantly seller-focused. Selling agents, incentivised by high commissions, have traditionally held significant sway over property transactions, often prioritising the interests of sellers over those of buyers. This dynamic has left many buyers navigating the complex real estate landscape on their own, frequently relying on the advice of selling agents who are not obligated to represent their best interests.The Role of Buyers AgentsBuyers agents offer a transformative shift towards a more balanced real estate market. By working exclusively for buyers, they provide impartial advice, market insights, and expert negotiation skills. Buyers agents streamline the property search process, secure better deals, and grant access to off-market opportunities, ensuring that buyers receive comprehensive representation.Resistance to Change: Key FactorsFinancial Incentives: The high commissions earned by selling agents create a robust financial motivation to maintain the status quo. Any shift towards a more balanced system threatens their income, leading to resistance against the adoption of buyers agents.Entrenched Practices: Long-standing practices and established relat...

This press release is issued by King Newswire