Property agents face pressure to hit targets, while more buyers and sellers opt to do without their services

With around 29,000 registered agents, the real estate industry can be competitive, with agents facing pressure to hit their targets.
With around 29,000 registered agents, the real estate industry can be competitive, with agents facing pressure to hit their targets.ST PHOTO: GIN TAY

SINGAPORE - Three months ago, business owner Jeremy Tan, 31, had a property agent tell him to make a better offer for the three-bedroom condominium unit he was looking to purchase, as his initial offer would yield only a small commission and was "not worth the inconvenience".

This negative house-hunting experience came to mind for Mr Tan, upon hearing of the PropNex Realty property agent who was suspended and fined for faking offers to receive a better commission.

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