Watch Million Dollar Listing Los Angeles Season 3 in Australia

In the worst market he’s ever seen, Josh lists a rundown Beverly Hills mansion to sell it quickly, but his potential buyer continuously thwarts negotiations. Meanwhile, Chad puts his reputation on the line by listing a million-dollar home for a spa owner, and Madison eagerly takes on the Malibu estate of a flirtatious sex advice author.

Josh’s grandmother, Edith, gives him a tip about real estate in a down market, so he lists a plot of land in a golf course community, while simultaneously trying to ink a deal in Bel Air in under 24-hours. Chad lands a gem of a listing in LA’s “Golden Triangle,” but quickly finds the market’s enthusiasm for the neighborhood has tarnished. Also, Madison discovers that no matter how strong his business relationships might be, the numbers don’t always add up.

Chad and Madison are both invited to speak at a real estate conference in Arizona where the topic is the declining market for high-end homes. Chad also tries to broaden his territory by listing a tiny bungalow in an up-and-coming neighborhood. But to his dismay, the home is plagued with a problem that threatens to scare away buyers. Meanwhile, Josh expands his sales territory by listing a $10 million mansion in Orange County’s Newport Coast.

Josh wants a listing on 20 acres of ocean view land in Malibu, but the owner isn’t signing until he drafts and presents a marketing plan to him at his home in Montana. Chad lists a Hollywood Hills pad that should be a slam-dunk with help of another agent, while Madison hunts for investment properties for one of his most demanding clients. Chad asks his girlfriend Victoria a question that will make or break their relationship.

Competition between the agents heats up in Malibu as Chad snatches one of Madison’s former multi-million dollar listings. Meanwhile, Madison takes-on a familiar Malibu listing with an ocean view, but soon realizes that the market has bottomed out for top homes. And Josh makes a spur of the moment gamble while also dealing with a potential health issue.

Josh thinks he can move a less than stellar Hollywood Hills home by focusing on its spectacular city views. Madison convinces a friend to lease their home instead of selling it, which ends up putting his friendship and his reputation at risk. Chad lists a $10-million gem in Orange County’s exclusive waterfront Corona Del Mar neighborhood, but struggles to balance the sale of the house with his relationship with Victoria.

Josh lists the house of his friend Dr. Sam only to realize a clever marketing scheme can quickly backfire. He also travels with Grandma Edith to the old country in an effort to sort out his memory issues. Chad wins a listing for a prime Hollywood condo project but runs into the hurdle of selling a property that exists only on paper. At Chad’s birthday party Victoria gives him a surprising gift. Madison tries to find an ideal Malibu home for a retiree only to realize that one person’s ideal is another’s nightmare. Madison attends an event in Hollywood that much to his surprise, is hosted by Chad.

Josh agrees to a co-listing with another Beverly Hills agent, but realizes she might be putting the squeeze on his commission. Chad continues to struggle moving a high-end condo, he discovers Madison might be moving in on his territory. Meanwhile, Chad tries to make time for Victoria when a big-ticket client comes walking through his door. Madison puts a dream home on the market while his clients struggle with the nightmare of sliding market conditions. He also "strips down" for a good cause while wondering if he’s revealed too much. An open house in Malibu attracts the attention of all three realtors, which results in drama.

Josh tries to move a half-demolished home in Beverly Hills only to have a buyer’s agent tear into him during negotiations. Josh puts pen to paper and writes Grandma Edith’s inspiring story. Chad thinks he’s listing a house for a friend, but finds out first-hand how the foreclosure problem is taking its toll. Meanwhile, he tries to win back Victoria by mixing business and pleasure. Madison picks up a dream client in a nightmare market – a buyer with plenty of cash to spend. He re-thinks his sexuality when he sees his image in a different light. A broker invites Chad, Madison and Josh to help him with charity work, but egos clash as the agents try and work together.