In the wake of the lawsuit surrounding alleged collusion and commission inflation in the real estate industry, where Realtors were found liable for $1.8 billion in damages for conspiring to keep commissions high, ShopProp, led by CEO Rob Luecke, reemphasizes its steadfast commitment to transparency, fairness, and consumer empowerment in the real estate industry. For over 15 years, ShopProp has been at the vanguard, challenging murky industry practices and advocating for full disclosure in real estate transactions.
“Our journey began with a clear intent: To make real estate transparent, inexpensive, frictionless and just. It’s more than just resisting commission norms; it’s about ensuring consumers have the information and flexibility they deserve,” comments Rob Luecke, CEO of ShopProp.
A Critical Warning for Buyers:
Buyers should be on alert for an emerging trend, sparked by internal industry conversations following the recent lawsuit. There’s anticipation that agents will soon begin compelling clients to sign “Buyer’s Agency Agreements” more frequently. Though this may appear to be just a procedural change, the underlying implications are significant. The concern is that many agents might not provide full disclosure about the true nature of these agreements. By prematurely signing, buyers could inadvertently bind themselves to an agent, potentially saddling themselves with an obligation to pay a set commission, even if they later encounter more attractive commission rates elsewhere. As this trend unfolds, it’s vital for buyers to remain informed and tread with caution.
ShopProp’s unique offerings include:
– Free Listings: Empowering sellers with cost-effective listing solutions.
– Buyer’s Agent Commission Transparency: Championing against mandating sellers to offer buyer’s agent commissions.
– Generous Rebates: ShopProp takes pride in returning the majority of the buyer’s agent commission back to its clients.
– Transparent Service Commitments: ShopProp stands out as one of the rare agencies that publicly display its earnings, what clients pay, and the level of service they can expect.
– Unmatched Flexibility: Believing in the principle that clients should be free to walk away if unsatisfied or if they’ve found a better commission rate elsewhere, ShopProp is unique in offering a cancel-anytime policy for both buying and selling.
Rob Luecke notes, “Why should clients be shackled to a service they find subpar or if they’ve found a better commission rate elsewhere? The idea that consumers can be bound without their explicit agreement, as seen with practices like procuring cause, is downright absurd.”
The procuring cause doctrine, which attempts to tether buyers to specific agents without proper disclosure or documentation, exemplifies the industry’s opacity. This not only obfuscates commission responsibilities but also entraps buyers without their knowledge.
The long-held industry adage, “The seller pays the commission,” is misleading. Both the buyer and seller bear this cost, and it’s vital that the industry acknowledges this whole truth.
“While the current lawsuit is a step forward, there’s much ground to cover,” adds Luecke.
ShopProp remains optimistic that with collective efforts, the real estate sector can shed its antiquated practices and fully embrace a transparent and client-centric approach.
ShopProp is a trailblazing real estate agency committed to full transparency and client empowerment. With a rich history of challenging traditional practices in the industry, ShopProp offers unparalleled service offerings that prioritize client needs and flexibility. Learn more at www.shopprop.com.
Macau’s leading gaming equipment supplier Asia Pioneer Entertainment Holdings Ltd (‘APE’ Holdings; 8400.HK) is pleased to announce the launch of Asia Tigers Club, the Group’s first NFT to enter the metaverse.
Asia Tigers Club is an NFT project consisting of 8,800 uniquely created and fashioned tigers’ Pictures For Profile (PFPs) based on the Ethereum block chain. The pre-launch will start by the end of May and the full series will be sold via the official website www.asiatigersclub.com via direct minting only.
The art-work of Asia Tigers Club was developed by established Portuguese artist Pedro Lourenco, by using traditional Chinese ink drawings coupled with modern generative art techniques. The Tiger theme is not only representative of Asia, but the character embodies the spirit, strength, adaptability and determination to bring back Asia travel to resort destinations throughout the region.
Holders of Asia Tigers Club NFTs will have priority access to metaverse offerings in Mini Macau on Sandbox to be launched around June as well as the Group’s future Resortverse metaverse. Collectors of Asia Tigers NFT will receive Resortverse Tokens which will be redeemable into real-life resort travel, hospitality, entertainment and dining experiences in Macau and across Asia.
For details, please visit the Asia Tigers Club Official Website: https://asiatigersclub.com
And Social Media Links: https://linktr.ee/asia_tigers_club .
Experience Mini Macao by visiting https://youtu.be/t2VDmlszgFw
Please download high resolution photos from https://rb.gy/ozrkcd.
APE Holdings CFO and Executive Director Mr. Tony Chan said, “We are really proud to be one of Macau’s first major NFT projects that is building a community of digital art collectors and links them back to travel and leisure in Macau. After many months of travel restrictions, we hope Macau will be the first holiday destination in travelers’ minds. Asia Tigers Club will allow collectors to first experience a digital Macau via our metaverse offerings, and when the travel restrictions relax, collectors can be among the first travellers to Macau and gain real-life benefits via our Travel Token marketplace.”
Mr. Chan added, “As the worldwide environment changed and has stopped many travelers from coming to Asia, our vision is to build Asian travel destinations on the Metaverse. Our first foray is to build Mini Macau in The Sandbox Game Maker as a prototype for our upcoming Resortverse project.”
About Mini Macau on The Sandbox Game
Mini Macau is the Group’s first project into the Metaverse built on The Sandbox Game. The metaverse experience comprises of digital representations of top tourist attractions of Macau such as The Ruins of St.Paul’s, Macau Tower, Senado Square and Ah Ma temple. Visitors can play the interactive games in Mini Macau to win Travel Tokens, visit the art gallery, ride a ferry and visit shops of real-life retail brands in Macau. The experience builds in play to earn games to earn ResortVerse Tokens. For details, please visit www.mini-macau.com.
ResortVerse is the Group’s future travel and hospitality focused metaverse platform where metaverse travel transforms into real life travel rewards. We plan to build digital resort experiences based on real-life resort destinations by replicating the world’s most notable travel destinations on the Metaverse. This new type of travel and resort metaverse portal will be launched in 2H of 2022.
About Asia Pioneer Entertainment
Asia Pioneer Entertainment Holdings Ltd. (APE) is a company listed on the Hong Kong Exchange’s GEM Market with ticker symbol 8400.HK. APE’s subsidiary APE Macau has been in the gaming supply industry for more than 15 years and supplies gaming equipment to land operators in Macau and across Asia. In 2021, it diversified into the operations of vending machines. In 2022, the Group started a new web3 project ResortVerse of which Asia Tigers Club NFT series and Mini Macau are the first part of the Group’s plan to build a travel lifestyle metaverse. Please visit the Asia Tigers Club Official Website: https://asiatigersclub.com, and on Social Media at: https://linktr.ee/asia_tigers_club .
About The Sandbox
The Sandbox, a subsidiary of Animoca Brands, is one of the decentralized virtual worlds that has been fueling the recent growth of virtual real-estate demand, partnering with major IPs and brands including Adidas, Snoop Dogg, The Walking Dead, Deadmau5, Atari, Rollercoaster Tycoon, Care Bears, The Smurfs, and more. Building on the existing Sandbox IP that has more than 40 million global installs on mobile, The Sandbox Metaverse offers players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences, and to safely store, trade, and monetize their creations. For details, please visit www.sandbox.game.
Asia Pioneer Entertainment:
Candy Chan, Public Relations and Marketing Manager
T: +853 2830 6196
Bright Communications International Limited:
Ashley Kung, Senior Manager
T: +852 36117839
Topic: Press release summary