Trading on Moving Average 20
Within 5 days or rather 4 working days, we managed to make a profit of $840.
Here is the proof.
It was traded on MA20 on 15 May @ $6.39 and sold on 20 May @ $6.81 with a profit of 6.6%.
Happy Rich Way
“How To Get Rich From Home With Your Own Business!”
The 11 Inspirational Quotes
The 11 famous quotations and life quotes for self-reflection.
Whether you are seeking to find the purpose, direction, health, wealth, happiness and relationship in your life. The 11 Inspiratoinal quotes (motivational quotes, affirmations, positive quotes, self improvement quotes, selfhelp quotes, life coach quotes) are just for you to ponder and do a few minutes of self-reflection.
Do property agents always have sellers interest above all?
To answer the question, first we must understand how property agent is being paid. They are basically being remunerated by commission. Sellers of the private property pay 2% (industry norm) of the selling price to their appointed agent.
If there is only 1 agent involved in the transaction, then the agent will get the whole 2% commission on the sale of the property. However, if the property was co-broke, then the 2% will be split between the 2 agents.
Out of the 2% commission, agents get to keep average 80% while the remaining 20% will be paid to the agency they represented.
The following are 3 scenarios to ponder and illustrate whether Seller’s Agent have the sellers interest above all.
|
Scenario |
No. of Agent |
Selling Price 1 |
Net Commission (after deducting 20% agency fee) |
Selling Price 2 (Required to hold for additional 1 more month) |
Net Commission (after deducting 20% agency fee) |
Remarks |
|
One |
1 |
$800,000 |
$12,800 |
$840,000 |
$13,440 |
Selling at $40,000 would give the seller extra $39,200 but the seller’s agent would get only $640 extra. |
|
Two |
2 |
$800,000 |
$6,400 |
$840,000 |
$6,720 |
2 agents co-broke to sell the property. The commission will be spilt between these 2 agents. |
|
Three |
1 or (2) |
$780,000 |
$12,480 |
$840,000 |
$6,720 |
A Direct buyer offering $780,000 to seller agent while the following month another buyer represented by an agent offering $840,000. |
For Selling Price 2, it required the Seller Agent to hold the Seller property for additional 1 more month. Additional cost incur are advertising fee, office rental etc.
Imagine if you’re an agent for each of the 3 scenario, which selling price will you transact for the Seller?
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