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ScrappyO
18-02-2008, 01:57 PM
http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10493154

STRAT
18-02-2008, 02:06 PM
http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10493154Thats a shame, It was a good idea. Im sure all the regular agents will be smiling. Wonder if they had anything to do with it:eek:

winner69
18-02-2008, 02:19 PM
Hope deposits on pending sales in trust accounts are safe ...... wouldn't want any more scandal than necessary

Steve
18-02-2008, 08:08 PM
And to think that the business had just been valued at $13.75m for the reverse listing!!! :eek:

Sauce
19-02-2008, 09:03 PM
Thats a shame, It was a good idea. Im sure all the regular agents will be smiling. Wonder if they had anything to do with it:eek:

Clearly it wasn't such a good idea! ;)

Sideshow Bob
20-02-2008, 06:26 PM
I just hate the 'told you so' from the Real Estate Institute, basically saying that agents/agencies earn their 4%.

Just wonder if they set up costs were too high, or spent too much on advertising. I had friends who tried to tender for a house through The Joneses, and said they were bloody hopeless! I suppose if anyone was any good working for the Joneses, they'd be off doing their own thing as a standard agent.

tim23
20-02-2008, 07:32 PM
Agree hate the smug attitude of REINZ - tough times ahead for them anyway!