Could REA/Domain Face Pricing Pressure from Agents

Could REA/Domain Face Pricing Pressure from Agents? On June 12th Soufun announced that it will be lowering their secondary listing service pricing by 40% nationally from June 1 2014 to December 31 2014. Soufun is the number #1 property portal in China and has been facing increasing pressure from agents to reduce fees given a tough property environment. In Australia a group of more than 400 real estate agencies has formed Real Estate Digital Marketing services (REDMS) seeking to negotiate on new advertising rates proposed by the REA Group. Read more here: (VIEW LINK)


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