Sometimes its good to look at the participants in other asset classes just to get an idea that it is not only people involved in finance who are useless. I have to admit I find real estate fascinating in the ability of agents to be successful despite their absolute and total incompetence. For example I am currently on a land rats alert service for properties. I have strict criteria as to what I am interested in and yet not one of the alerts I have received match what I am looking for. Its somewhat akin to ringing your broker asking to buy BHP and being given CBA and then receiving a blank look when you tell them they are peanuts.
In the midst of the latest national property boom, our thoughts naturally turn to the happy figure of the estate agent. You might idly wonder if it isn’t too late to switch careers in order to stand in the same blizzard of made-up money long enough that quite a lot of it sticks to you. But in order to succeed, you will have to master the jargon. Estate agents communicate in a dialect renowned for its strangulated syntax, peculiar vocabulary and breathtaking insouciance, dancing on a rhetorical knife-edge between salesmanship and fraudulence. Here are some tips to get you started. All examples are drawn from actual recent estate-agent “literature”.
More here – The Guardian
PS: All you need to know about real estate agents can be seen in the fact that they hired Jordan Belfort to speak at the Australian Real Estate Conference. Not even stockbrokers would be that dim…..