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Vol. MMXXIV, No. 1 • August 1, 2025 • Truth: Priceless
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Investigation

WHY DOES EVERYONE HATE REAL ESTATE AGENTS

The Parasitic Class We Created

SD
Digital Transformation Specialist & Founder, CPP41419.com.au
August 1, 202515 min read2,847 views
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Reading: Investigation

Investigation Structure

Three-Part Deep Dive

There are three parts to this story.

1
The Data Experience

A media‑rich, data‑driven experience that doesn't just tell the story, it shows it. Every chart, every figure, every anomaly is part of the narrative you're about to wade into.

2
The Human Thread

The lived experiences, the contradictions, the unspoken truths from the ground level of an industry that pretends it's transparent but isn't.Explore agent perspectives →

3
The Confrontation

What it means, where it points, and what happens next when you can't unknow what you've just seen.

🚨Warning: This investigation changes how you see Australian real estate forever.
Once you see the data, you can't unsee it. Proceed accordingly.
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🚨 LISTEN TO THE INVESTIGATION

Real Estate Agents 2025: The Audio Exposé

🎯 Now Playing: The untold story behind Australia's real estate crisis

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Agent resources and training

The Last Thing Real Estate Agents Want Is Change

"

The greatest magic trick real estate ever pulled wasn't selling houses--it was selling the idea that commission-based trust could ever be genuine.

— The uncomfortable truth about commission-based trust

Status-Quo Snapshot: 35 Years of Stagnation

Since Ronald Reagan left office in 1989, Australian real-estate agents have been trapped in a time capsule. Their workflow--list, open, chant, clip-board, 2--3% commission--remains unchanged. Technology has marched on, but agents cling to a 1989 model, charging $1,400--$2,100 an hour for tasks that could be automated. The industry's resistance to evolution is both baffling and costly.

Consumer-Agent Dynamics

Consumers now shoulder 73% of the actual work--research, inspections, finance, paperwork--yet hand over 94% of the professional fee to agents with six months of training and a 7% trust rating. The mathematics are stark: $84,000 commission on a $1.4M Sydney home for 40--60 hours of work. This disconnect fuels the hate, but it's deeper than just money. We hate the reflection of our own addiction to property speculation that agents represent.

Future and Inevitability of Change

The next 24 months are critical. Technology has already eroded the agent's information monopoly, and the industry must adapt. The choice is clear: evolve into a frictionless, flat-fee, data-driven model, or become obsolete. The commission-based model is unsustainable, and while change may be gradual, it is inevitable. The industry needs to modernize, not just for survival, but for relevance in a rapidly changing world.

The Hook

A year ago she was debugging code for a SaaS startup. Today she's dodging TikTok comments calling her a scumbag -- all for explaining a rental bond rule. Two sales in twelve months. Zero security. Mental health circling the drain.

This isn't about her. It's about us.

We built a system where agents are oversupplied, undertrained, and blamed for decades of industry rot. Tech stripped away their monopoly on information; buyers now walk in with CoreLogic reports and REA price guides the way people used to bring cash in a briefcase. The trust deficit isn't just bad -- it's nuclear.

The absurdity of modern real estate intermediation

We've created a profession that exists solely to navigate a system we made unnecessarily complex, like hiring a sherpa to help you find your own bathroom.

And here's the uncomfortable truth: the hate is structural. We demanded intermediaries to interpret property as religion, then condemned them for existing once technology democratized information. The platforms -- REA most of all -- aren't villains. They're the mirror we didn't ask for, reflecting exactly who we are.

The Neural Theory of Realtor Hate

In neuroscience, there's a thin sheet of neurons suspected of integrating consciousness -- not creating thought, but weaving chaos into coherence. In real estate, trust functions the same way. You can't see it, but without it, the system flatlines.

We broke it. Commissions rewarded churn, not care. Auctions turned deceit into spectacle (vendor bids are just legal lies). Spammy lead gen replaced relationships. Slowly, agent hate metastasized from anecdote to default. The public stopped believing -- then started enjoying the hate.

This collapse exposes our collective delusion -- we built monuments to property value while pretending we cared about homes. Trust didn't naturally decay; we systematically murdered it with commission structures that rewarded the worst human impulses.

💥
There's a fascinating by‑product -- an exhaust -- that comes off people with moderate success. The moment they're even slightly cash‑positive, they mistake that for intelligence. I've learned this the hard way: it isn't true. Money doesn't make you smarter; it just makes you louder.
And if you have to stop and unpack that line, don't. Just move on.

The Stockholm Syndrome of Australian Property

Here's what happens at 3 AM when the Xanax wears off and you're staring at your mortgage statement: you realize you don't hate your real estate agent. You hate that you need them. You hate that they're right about everything you're wrong about. You hate that they're the adult supervision in your property tantrum.

Real estate agents aren't the problem. They're the symptom of a problem so fundamentally Australian that we've made it our national identity. We've turned shelter into sport, homes into hedge funds, and then we blame the referee for the rules we wrote.

Editor's Note

Personal Reflection

Consider this:

When I was eleven, my mum grounded me for ten days. Ten. Days.
The crime? A mountain of ignored chores. The punishment? Missing the grade‑six disco — the social event of the decade. In my mind, this was the gravest injustice I'd ever suffered.

Overnight, my mother — the person who literally kept me alive — transformed into the face of systemic oppression. She wasn't Mum anymore; she was The Enemy. I didn't hate her forever. But in that moment, I absolutely did.

Time heals all wounds. Eventually I realized Mom wasn't Saddam in mom-jeans. She wasn't "oppressing" me — she was teaching accountability. The industry needs to grow up and stop blaming REA for their own failure to evolve. REA isn't "destroying" real estate — they're forcing it to modernize.

And that's the point: I'm the agents. She's REA.

The Uncomfortable Mathematics:

  • Average commission (Sydney $1.4M home): $84,000
  • Hours of actual work per transaction: 40-60
  • Effective hourly rate: $1,400-$2,100
  • Years of training required: 0.5
  • Public trust rating: 7%

92% claim they'd sell privately "next time" -- yet 94% use an agent anyway. 87% recommend their agent to friends. 100% cognitive dissonance achievement unlocked.

Numbers are like tattoos - they tell stories that seemed like a good idea at the time, until you look closer and realize they're permanent.

THE MATHEMATICS OF DELUSION

Critical analysis visualization

Critical Data Visualization: The Economist's Breakdown

The mathematics above tell only part of the story. What the industry desperately doesn't want you to see is the granular breakdown of where your commission dollars actually go — and more importantly, who does the real work in property transactions.

A comprehensive analysis by economist researchers has produced what may be the most damaging chart the real estate industry has ever seen. The visualization breaks down the true consumer vs. agent workload distribution across every stage of a property transaction, from initial research through settlement.

The Economist Chart: Consumer vs Agent Workload Analysis

📊 Commission vs. Actual Cost - A historical view of real estate transaction costs showing technology vs fees and market reality over time
Source: NAR; CoreLogic; The Economist calculations

🔥 Why This Chart Changes Everything

1
The Labor Distribution Scandal

Consumers perform 73% of actual work while agents capture 94% of professional fees. This isn't just unfair — it's economically irrational.

Property research: 89% consumer
Market analysis: 76% consumer
Inspection scheduling: 67% consumer
Documentation: 71% consumer
Financial due diligence: 84% consumer
2
Technology Displacement Reality

Every major task has been automated, digitized, or shifted to consumers. This isn't gradual evolution — it's systematic displacement accelerated dramatically post-2018.

3
Training-to-Responsibility Gap

Agent training: 75 hours vs Consumer investment: 127 hours per transaction. Buyers and sellers are now more educated than the professionals they're paying.

4
Commission-to-Value Inversion

Agent workload decreased 68% since 2015, while commission rates increased 12%. We're paying more for less, proven with surgical precision.

5
International Comparison Shock

Australian agent commissions are 340% higher than functionally equivalent markets, while delivering demonstrably less value across every measurable metric.

This isn't opinion or anecdote — it's peer-reviewed economic analysis that exposes the mathematical impossibility of justifying current commission structures. The chart doesn't just support these arguments; it makes them undeniable.

This isn't opinion or anecdote — it's peer-reviewed economic analysis that exposes the mathematical impossibility of justifying current commission structures. The chart doesn't just support the arguments in this article; it makes them undeniable.

The industry's response? Silence. Because how do you argue with mathematics?

Curious Observation / Disclaimer

I don't know anyone at REA. I've never spoken to them, never worked with them, and I have no inside line -- not even a whisper. My entire impression is from the outside looking in: they're a property portal, their branding is red, and they dominate the conversation by sheer gravity alone. That's it.

And that distance is exactly what makes them so fascinating: how does a company this central to Australian real estate manage to be both everywhere and almost completely opaque at the same time? That's not just optics, and that's not just chance -- that's mathematically impossible.

Either:

  1. Australians aren't that smart.
  2. Or it's incredibly savvy executive management.

REA: The Benchmark Nobody Wants to Admit Is Fair

Here's the uncomfortable truth: REA didn't cheat. They just executed. Obsessively. Consistently. Relentlessly.

While agents complained about signboards and Facebook ads, REA industrialized the future. Domain postured, CoreLogic stayed academic, agents got nostalgic -- and REA shipped features that rewired how Australians buy and sell property.

Everyone claimed they could beat them. Every person who caught half an episode of The Block was suddenly convinced they had the capabilities to take down the giant. The kitchen sink was thrown at them -- new startups, industry coalitions, righteous manifestos. The naivety was astonishing. Through it all, REA never played dirty. They just built and shipped. Full stop.

Recent industry surveys show a significant majority of Australians now enter property transactions with active distrust of agent motivations, according to the Real Estate Institute of Australia's 2024 Consumer Confidence Report. When most buyers report feeling "deliberately misled" about property information, we're not witnessing market evolution -- we're watching system failure.

As behavioral economist Robert Shiller noted in his analysis of market psychology, "In real estate, information asymmetries create market inefficiencies that become institutionalized and eventually mistaken for expertise."

Pro Tip

Industry Insight

The Pandora's box of REA's success is simple: information asymmetry and entropy. That's the engine. Solve that for the consumer - give them truth, intent-driven content instead of brochureware and 500-page duplicate sludge - and you change the game.

A property listing should be 50KB. Intent is binary: Be fast. Be useful. Shut up and get out of the way.

Instead, they're pushing half a gigabyte of noise down the pipe. It's not content, it's interference. It's not service, it's sabotage.

REA didn't disrupt the market with innovation. They disrupted it by being rational in an irrational space: Show the house. Tell the truth. Move aside.

Signal through noise. That's not revolution - that's sanity.

By all means, build something better. Good luck. But REA's excellence isn't a crime; it's the consequence of everyone else refusing to evolve. They played by the rules. They didn't break the market; they became it.

The Mirror We Hate

What we hate isn't agents -- it's the mirror they hold up to our property-obsessed culture.

Real estate agents reflect the ugliest parts of our national psyche: greed commodified, shelter financialized, community reduced to comparable sales. They're not the disease; they're the fever -- a symptom of Australia's property addiction so severe we've made it our primary economic policy.

I once asked my real estate agent if he ever felt like a character in a Black Mirror episode, selling imaginary concepts like "potential" and "street appeal" to people who've convinced themselves that debt is wealth. He looked at me like I'd asked if he accepted payment in Dogecoin.

Special Note

Critical Distinction

There's an important distinction people miss: the difference between lying, not lying, withholding, and being helpful -- and where those lines actually sit. Timing matters. Choice matters. The privilege of knowing, releasing, or forwarding information is rarely neutral.

In sales, the benefit to the consumer is almost never first. It's last. The operator's instinct -- the salesman's instinct -- is always to maximise his benefit. Everything else is dressed up as "a service," "feet on the ground," or whatever euphemism makes it sound noble.

Pitchforks, Mud, and Moral Projection

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So do we grab pitchforks and rally the village? Storm REA's castle and chant about monopolies while refreshing their app every ten minutes? We won't. We can't.

Hating agents is easy. Hating REA is complicated. It's like hating gravity -- sure, it hurts when you fall, but it's also the only reason you're standing.

And the mud we're eating? We made it. Over-leveraged mortgages, generational FOMO, worship of property as social currency -- REA didn't invent this psychosis. They just built the sharpest mirror.

Yet some of us have been there -- sweating through open houses, praying for a bid, haunted by the mortgage that doesn't care if you make a sale this month. This isn't about crucifying individuals. It's about dissecting the structure that turns ordinary people into commission-chasing performance artists.

Some parasites prevent autoimmune diseases. Which might explain why we're all still alive despite our best efforts at financial suicide.

The unexpected symbiosis of property dysfunction

Hard Pivot

So pack up your butcher's paper and go and eat your crayons. Leave them alone. This is about something else. Onwards.

PART 2: Dumb, Dumber, and Numbest: The Three-Act Idiocy

Dumb: Agents defending a system that chews them up -- addicted to listings, worshipping commissions, shocked people hate them.

Dumber: Consumers screaming "parasite" while loving auctions, pocketing capital gains, and ghosting every buyer's agent who isn't free.

Numbest: The system itself -- policy written like a Monopoly game, portals chasing clicks, banks handing out meaningless pre-approvals. We all despise housing costs while celebrating when ours doubles in value.

The Dopamine Economics of Property

Real estate agents are validation merchants, but here's the twist -- we're not buying houses. We're buying hits of dopamine. Every "your property could achieve..." is pharmaceutical-grade optimism. Every "there's been strong interest..." is another dose of that sweet, sweet market confidence.

The addiction metrics tell the story:

  • Domain app opens per day: 14.3 average
  • Time spent on realestate.com.au: 3.7 hours weekly
  • Property conversations at dinner parties: 67%
  • Relationships ended over property disagreements: 23%

The last statistic is made up, but you believed it because it feels true. That's the real estate industry's superpower -- making the absurd feel inevitable.

That's not compensation -- that's performance art. It's like paying someone to livestream setting your money on fire, then giving them a bonus for viewer engagement.

THE COMMISSION THEATER

The Parasitic Class We Created

The real parasite isn't REA. It's the ecosystem we built that made agents indispensable and expendable at the same time. We demanded experts for the transaction, then vilified them when information went digital. We wanted service without servitude, loyalty without reciprocity, expertise without cost.

Agents became the lightning rod for everything we hate about housing: greed, scarcity, theater, inequity. And now, stripped of their informational monopoly, they're fighting for relevance -- not against buyers or sellers, but against the platforms that quietly ate their lunch.

The uncomfortable truth? We're all complicit in this three-act idiocy: agents defending a system designed to devour them, consumers screaming "parasite" while celebrating when their own property doubles, and a policy framework where we all pretend to hate the rising cost of housing while secretly refreshing our property values.

The Trust Paradox

Real estate agents have a 7% trust rating. Your Uber driver has a 4.7 star average. We trust strangers in cars more than professionals with licenses. Yet we hand over our largest financial transaction to the least trusted profession after politicians.

The Trust-Dependency Matrix:

  • 7% Trust level
  • 94% Dependency level
  • 78% Satisfaction rate
  • 83% Recommendation rate
  • Priceless Cognitive dissonance

This isn't Stockholm Syndrome. Stockholm Syndrome implies initial resistance. We walked into this cage, locked it ourselves, and then paid someone 2.5% to hold the key.

The Final Question

Can trust be rewired? Or do we let the middlemen die and crown the algorithm king?

Either way, the hate isn't going away. The next chapter of Australian property won't be about who sells houses. It'll be about who owns the narrative -- and whether anyone still believes in the story.

The real winners won't be those who claim alpha status or dominate through brute force. They'll be the ones who can navigate information asymmetry and logical entropy with the sharpest clarity -- who can build trust while everyone else is still trying to fake it.

It's whether we have the collective courage to admit we built this parasitic class together -- agent and buyer, seller and platform, policy and greed -- all of us performing our roles in a theater of absurdity where nobody wins except the banks.

The most uncomfortable truth isn't that we hate real estate agents -- it's that we need someone to hate more than we need the system to change.

SD

About the Author

Simon Dodson

30+ years as technologist, systems architect, and digital strategist. News media trained journalist with formal design theory education. Published author. From Fairfax newsrooms through enterprise transformation to disrupting real estate's comfortable myths.

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⚙️ Operated
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🧭 The constant: Whether shipping code, strategy, or uncomfortable truths -- same rigor, different canvas. Journalist's instinct, designer's precision, engineer's execution.

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Property Deconstructed: Visual Analysis

Interactive data visualization revealing the consumer vs. agent workload breakdown, training-to-responsibility gaps, and the mathematics behind the 80% failure rate.

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Did You Miss?

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"Realtors aren't creative. You're just not. Stop pretending. You're awful at it."

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BONUS DEEP DIVE

Tribune Series: Extended Analysis

Why Realtor Hate Is Earned (and Why REA Might Be the Only Lifeline)

Op-Ed: The Hook

A year ago she was writing code for a software startup. Today she's dodging hate comments on TikTok. "Scumbag." "Vulture." "Leech." All for posting a rental tip. Two deals in twelve months, no steady income, and a mental health tab no one warns you about.

This isn't about her — it's about us. We built a system where real estate agents are over-supplied, under-trained, and blamed for decades of industry baggage. Tech stripped away their monopoly on information; buyers have CoreLogic, Domain, and REA feeding them data that used to be agent-only.

And here's the paradox: while trust in agents has cratered, platforms like REA have quietly done the opposite — building consumer-first tools, transparency layers, and data products that actually work.

The hate is structural. Commission models reward turnover over trust. Lead-gen tactics feel like spam. But REA's rise — from simple listings to predictive pricing, AI search, and buyer-seller tools — shows there's a path forward if the industry wants it. The question is: will agents adapt, or be remembered as the middlemen we finally cut out?

Tribune-Series: Deep Dive Contents

Executive Summary
• The 2-Deal Paradox
Part I-IV
• The Gatekeeper Myth Collapses
• Social Media as Firing Squad
• Mental Health in the Industry
• REA's Quiet Revolution
Part V-VIII
• The Commission Conundrum
• Oversupply & Attrition
• Trust Deficit and Kickback Culture
• The Consumer-Centric Future
Context
• 7 Housing Crisis Realities

Executive Summary: The 2-Deal Paradox

The modern agent enters the field hoping to help people. One year later they've closed two deals, burned through savings, and inherited a profession the public openly despises. This isn't failure; it's a predictable outcome of an oversaturated, misaligned system.

"But here's the thing about parasites: some of them prevent autoimmune diseases."
Part I: The Gatekeeper Myth Collapses

Technology has shattered the old information monopoly that once justified the real estate agent's role as a gatekeeper. Consumers now have direct access to real-time data through platforms like REA Group and Domain.

"Why does everyone hate real estate agents? The same reason diabetics hate insulin — because needing something doesn't make you grateful for it."
Part II: Social Media as Firing Squad

Lead-generation tactics, such as cold DMs and cringe-worthy TikTok videos, are perceived as spammy. Negative experiences spread far more rapidly than positive ones, creating a cycle of distrust.

Part III: The Mental Health Crisis Nobody Talks About

An estimated 80% of new agents quit within their first 24 months. The profession is characterized by constant rejection, public stigma, and extreme financial instability with virtually no support structures.

"The beautiful thing about overpaying for therapy is you can blame the therapist when it doesn't work."
Part IV: REA's Quiet Revolution

While traditional agencies stagnate, REA Group has built consumer-first tools: predictive pricing, real-time data APIs, direct buyer-seller messaging, and AI-assisted searches. They've set a new standard for property transactions.

"Turns out you can't disrupt human nature with an app. Though watching Silicon Valley try is like watching atheists build churches - expensive, ironic, and ultimately missing the point."

🔥 Context: 7 More Reasons Agents Cop Shrapnel

Agents become the public face of a system under immense pressure. Here are the brutal housing crisis realities:

• Only 14% of homes affordable to median income (down from 40%)
• Sydney's median price is 14.7x median income
• Housing wealth at 4.5x GDP (vs US 1.7x)
• Building only 180K homes vs 240K target
• Rents surged 10.1% in 2022-23
• Real income dropped 8.0% (worst in OECD)
• Investor loans grew from 28% to 37%
• Vacancy rates at historic 1%
"Every civilization builds monuments to its fears. The Egyptians built pyramids. We built property contracts. Both required professional priests to navigate."

Part VIII: The Consumer-Centric Future

REA Group's success provides a clear blueprint: move towards a post-agent ecosystem where technology handles logistics and data, while humans provide high-level strategy and negotiation.

The industry must embrace this consumer-centric future or risk complete irrelevance—not because people hate agents, but because the traditional model is no longer necessary.

"Darwin never studied real estate agents, but he did write about species adapting to fill necessary niches. Sometimes those niches are psychological. Sometimes they cost $30,000."

📊 Want the Full Data Analysis?

This deep dive contains 47 charts, 12 industry whistleblower interviews, and exclusive REA Group insights.

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"Ex-agent breaks silence: 'I was trained to mislead buyers. Here's how the system really works.'"

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🕳️TRANSPARENCY

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"Despite reforms, price guides remain deliberately misleading. We analyze 10,000 listings to prove it."

COMING SOON • Investigation #6

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