Hamilton and Hawkes Bay real estate agents pull 1,300 listings from Trade Me after change in fee structure; Trade Me appeals directly to home sellers
February 4, 2014 – 10:23am,
Bernard Hickey <http:
Real estate agency groups in Hamilton and the Hawkes Bay have pulled more than 1,300 listings from Trade Me Property since mid-January, arguing they are not prepared to pay a quadrupling of fees.
Describing the new fee structure as an “arrogant, dumb and stupid “ hydraulicking” of prices, some agents pulled their listings from Trade Me without first telling their customers and said they saw it as an opportunity to break away from Trade Me and re-direct vendors and home buyers to Realestate.co.nz, which is controlled by agents.