Business

Calls for real estate industry crackdown as experts claim too many agents aren't qualified

Posted January 28, 2017 08:52:00

Real estate agents have been in the spotlight this week, with allegations of the misappropriation of funds and widespread underquoting of property values. Two independent experts have told Saturday AM they believe it's because many agents simply aren't qualified to be facilitating large property deals. Experts are also warnings buyers to be aware of so-called 'low-cost' or 'discount' agents.

Source: AM | Duration: 3min 30sec

Topics: business-economics-and-finance, australia

Transcript

Real estate agents have been in the spotlight this week with allegations of misappropriation of funds and widespread underquoting of property values.

Two independent experts have told Saturday AM they believe it's because many agents simply aren't qualified to be facilitating large property deals.

Featured:
Robert Klaric, partner, The Property Expert
John Cunningham, president, Real Estate Institute of NSW