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NZ realtor offers no-commission sales

Mackenzie’s Real Estate in Wellington are making the leap from commercial real estate into residential, and frankly, it couldn’t have happened at a worse time.

But owner Euan Mackenzie is hoping that a zero-commission offer will help him get some properties on the books.

There’s no catch, but you need to have your property under contract before September 1. There’s a $7000 fee for marketing, but no other costs.

Stuff.co.nz explains that a typical commission in the area on a $500,000 sale would be between $16-$23,000.

โ€œWe decided we would expand and do all facets of real estate,” Mr Mackenzie explained.

“In doing so we thought weโ€™d do something to get our name out there. Also, some people might be going through tough times at the moment.โ€

After September 1, he plans to charge a residential commission of 2.5 per cent.

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Nathan Jolly

Nathan Jolly was an in-house journalist with Elite Agent. He worked with the company from July 2020 to December 2020.