Real estate license

Viewing 11 posts - 1 through 11 (of 11 total)

bjcampb
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@bjcampb
Join Date: 2012
Post Count: 24
October 20, 2014 - 12:06 pm
Hi do you need a real estate license in NSW if your under someone elses credit license?
Redwood
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@redwood
Join Date: 2013
Post Count: 340
October 20, 2014 - 5:20 pm
Hi,
A real estate license is completely different from a credit license.
Cheers, Ivan
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Richard Taylor
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@qlds007
Join Date: 2003
Post Count: 12,024
October 25, 2014 - 9:53 pm
Totally lost when it comes to the question.
Please re-ask.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
October 25, 2014 - 10:42 pm
Does a hair dresser need a builders licence to work as a parking inspector?
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Tamara43
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@tamara43
Join Date: 2012
Post Count: 57
November 4, 2014 - 12:37 pm
Hi bj
You need a full Real Estate Licence if you are involved in selling property directly by yourself or for example if you do JVs. Alternatively if you obtain your Certificate of Registration you can buddy up with someone who is fully licenced to sell property. It has nothing to do with the Credit Licence which is required if you provide/manage finance yourself (as in an Instalment Contract). Again I’ve been told if you don’t have a Credit Licence you can get the assistance of someone who does have one.
Hope that helps!
Tamara
Freedom
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@lindaq
Join Date: 2014
Post Count: 22
November 7, 2014 - 4:01 pm
Do you mean selling properties for others Tamara? Because you are allowed to sell your own property without a licence aren’t you?
On this note, how many developers, or investors in Australia get there licence? Are there advantages/disadvantages?
PHP
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@php
Join Date: 2014
Post Count: 111
November 7, 2014 - 6:43 pm
Freedom wrote:
Do you mean selling properties for others Tamara? Because you are allowed to sell your own property without a licence aren’t you?
On this note, how many developers, or investors in Australia get there licence? Are there advantages/disadvantages?
Yes you can sell your own property via private treaty.
Not sure about your other question, what license are you asking about in particular? do u mean a builder’s license?
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Freedom
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@lindaq
Join Date: 2014
Post Count: 22
November 7, 2014 - 7:34 pm
Oh gosh, how did I do that grammatical error with the word ‘there’ . I have never done that!
Moving on. I mean get their Real Estate Licence in order to buy/sell their own properties and investments that they purchase through their companies.
Tamara43
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@tamara43
Join Date: 2012
Post Count: 57
November 7, 2014 - 10:10 pm
If you sell someone else’s property, you need a real estate licence. You don’t need a license to sell your own property.
Scott No Mates
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@scott-no-mates
Join Date: 2005
Post Count: 3,856
November 15, 2014 - 8:19 pm
Freedom wrote:
Moving on. I mean get their Real Estate Licence in order to buy/sell their own properties and investments that they purchase through their companies.
A developer, selling their own properties (100% ownership), does not require a real estate licence. If they are in a JV, then they are selling someone else’s property.
Unless they build the properties, they don’t need a builders licence either.
Paul Dobson
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@pauldobson
Join Date: 2003
Post Count: 1,196
January 21, 2015 - 3:11 pm
One of the best reads I’ve found regarding licensing, specifically for vendor finance, was written by Tony Cordato. It can be found via CLICK HERE.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
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