Hello all,
It seems that every mortgage broker is out selling or advising on investment properties.
I thought it was illegal to advise on selling "investment properties" without a license.
Any person receiving a commission from the sale of a property must have a real estate license.
What are your thoughts??
If they are giving specific financial advice that will make you decide on what to invest in then they must be a licensed financial adviser.
However the information on what an offset account does is considered to be exempt from this.They also leave themselves liable to being sued for a financial loss by their clients if the advice leads to their client suffering a financial loss unless they claim that the advice is not specific to the clients circumstances and that they should consult a licensed financial professional before making investment decisions.
I don't think you need a licence to advice someone on buying /selling an investment property.
Thanksvs hate to say but you do need mate.
Wealth totally agree it is illegal to offer any form of financial advice without a License.
Richard Taylor | Australia's leading private lender
In yesterdays paper REIN real estate investors network Jim Downes (a licensed agent) has been made to compensate one client 4,000.00 a month for making promises to figures that did not come true …
No body can predict the future … a real estate agent cannot give advise unless they have a special license.
Glen McGrath the x cricketer was the promoter "Spruker" for the company and has now left
How many people have said "the boom is over" or "we are officially on the bottom" or "now is definitely the time to buy.
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