Would you do it? Estate agent regrets letting the TV cameras into his offices

first_imgHome » News » Agencies & People » Would you do it? Estate agent regrets letting the TV cameras into his offices previous nextAgencies & PeopleWould you do it? Estate agent regrets letting the TV cameras into his officesBoss of company which has become most famous estate agency in the world after appearing in a Netflix reality TV show says he’s not happy with its focuson personal rather than business matters.Nigel Lewis18th August 202003,174 Views The owner of an estate agency that has become the centre piece of a surprise Netflix TV hit show has said he was misled about what the reality show Selling Sunset would really be about.The show, which features Los Angeles agent The Oppenheimer Group and follows its agents’ attempts to sell multi-million homes in the city, recently began its third series after its second series became a word-of-mouth lock-down favourite in the UK.While TV shows about our estate agents tend to focus on their inadequacies, Selling Sunset focuses more on the personal lives of the glamorous men and women who work for Oppenheimer, and their jaw dropping commissions.Agents in the US take up to 6% of a property’s asking price and in one episode one of the company’s brokers closes on a €40 million mansion, earning £2.4 million in fees.£600,000This is then distributed among the buying and listing agents and their brokers – so a selling broker might expect to keep 25% of that, or £600,000.The boss of the Oppenheimer Group, Jason Oppenheimer, has told Hello magazine that: “I wanted it to be all about the nuances of real estate, but I now realise the show I envisaged wouldn’t be that popular.“I’ve come to accept the idea that I’m on more of a reality show than a real-estate show.”But the show also reveals the rampantly competitive and insecure working conditions agents in the US experience on a daily basis, often working on a commission-only basis for weeks and months on house sales that can fall through without warning or payment.Read the Hello interview in full.selling sunset The Oppenheimer Group Jason oppenheimer August 18, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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