HOW DO YOU BECOME A BIRD DOG??

In Australia to be able to legally charge a commission for finding properties for others, you must have an estate agent’s licence (at least agent’s rep) plus work under the umbrella of some one with a full license who has a trust account and proffesional indemnity insurance. In other words an estate agnecy.

I know not everyone does so, but it’s breaking the law and there are new regulations coming out to control the property investment industry and protect the consumer -about time

Michael Yardney
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are you guys both saying that a service like “Jarrah” is offering is illegal. If so strange that the site administrators support his idea.

seems a little wishy washy. Would have to read how “otherwise dealing” has been interpreted.

If person x is interested in a piece of real estate, say a westfield plaza for example in the NSW and x then sends his employee to meet the parties, conduct research and due dilligence, establish business relationships and set up contacts and elicit the likely terms of a subsequent agreement is he breaking the law.

Probably not – otherwise every large firm would have to employ teams of real estate agents and buyers agents rather than more suitably qualified persons to conduct business and make serious decision about purchases.

In commercial confidence and without prejudice.

DLPP…and all else…

“(1)…..carries on a business…”

No money changes hands; no business is recognized (“carried on”)…

Anything that comes after (1) is all relative and pertaining to (1) it being the opening and therefore “guiding” clause…

Business Law not Real Estate Law is relevant here…

Just a humble Lumber Jack…

“ask and you shall recieve”

Sincerely, Jarrah

++CASH FLOW PROPERTY HUNTER
(your not hunting if your not hungry)

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“be ye angels?”,
“nay we are but MEN!”

i know jarrah

need to just get some good paid advice about what you can do. I don’t see a problem.

doing the course would not help you much because you will be working all around the place

if only there were not stamp duty in oz. in nz i actually buy all my properties and legally transfer ownership by deed.

hi all
what happens if you take an option in sa and then sell the house with the option on it.
you have flipped it and you haven’t changed names on the title until the new owner buys it.
and option is legal as far as I know in each state and you sell the property with your work as the option part.
also I do agree with jarrah the main point is running a business you need to be registered
doing one on one dealing negates alot of these little rules as you are not running a business on selling real estate.
if this is not the case then most developers would be out of business as they neg a deal on the land, develop and then sell them off the plan without any real estate involved at all.
( I know a bit about this as some are sold before the purchase of the land internally)
bird dogging is a interesting market as I don’t see much difference to say
a broker chasing the best loan.
a commercial banker chasing investors to invest in a unlisted property trust. a seed capitlaist chasing money to put in a deal.
they are all one on one dealings so they take you into that merky world of business that is not regulated at the moment and as long as there are people that are willing to give it a try it is relatively difficult to regulate.
for wealthangel the answer is relatively easy find out the rules and either work with them or work around them just don’t work opposite to them.
and hope it goes well we need people that will have a go.
I had a very wise business man who told me once when I asked was this legal and he said its legal until a guy in a wig has knocked down that its not legal.
I must admit I like the merky area of business as there are few people that dabble in that area and can be very profitable.

I am not recommending any one to get into this area of investing nor am I recommending anyone to becomming a bird dog each to their own all I would say is good luck.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

The law can be interpreted in many different ways and it’s never really an issue unless someone refuses to pay or finds you accountable for something, then the law gets looked at.

It all depends on your risk profile, I feel safer to have a real estate license.

Hi Audrey [biggrin] all the best for the future

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