With Chinese buyers retreating, Chinese developers pulling the pin, and local investors under the pump, real estate sales companies are using big commissions to tempt mortgage brokers, financial planners and accountants to sell overpriced properties to unsuspecting clients. From The ABC’s Michael Janda:
Developers generally contract out sales to these companies when they are having difficulty shifting their stock, such as when there is an oversupply of new apartments or houses in the area.
