Forums / Property Investing / Creative Investing / Real estate license

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  • Profile photo of bjcampbbjcampb
    Participant
    @bjcampb
    Join Date: 2012
    Post Count: 24

    Hi do you need a real estate license in NSW if your under someone elses credit license?

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    Hi,

    A real estate license is completely different from a credit license.

    Cheers, Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
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    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Totally lost when it comes to the question.

    Please re-ask.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,190

    Does a hair dresser need a builders licence to work as a parking inspector?

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Tamara43Tamara43
    Participant
    @tamara43
    Join Date: 2012
    Post Count: 57

    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
    Participant
    @lindaq
    Join Date: 2014
    Post Count: 22

    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?

    Profile photo of PHPPHP
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    @php
    Join Date: 2014
    Post Count: 111

    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?

    PHP | Mortgage Station Pty Ltd
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    Freedom
    Participant
    @lindaq
    Join Date: 2014
    Post Count: 22

    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.

    Profile photo of Tamara43Tamara43
    Participant
    @tamara43
    Join Date: 2012
    Post Count: 57

    If you sell someone else’s property, you need a real estate licence. You don’t need a license to sell your own property.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,850

    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.

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196

    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
    http://www.vendorfinanceinstitute.com.au
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    An alternative way to finance your home.

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