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- Originally posted by Chan$:
I am only 28 years old.
I am only 17!
Yea:
Point 2) i can’t remember right now, it’s at a book at my house… can’t remember which one.. i will find out.3) The following is an extract: “The property Agents and Motor Dealers Act (section 13) requires an agent who wishes to purchase a property on their own behalf to make a Statutory Disclosure to the client (vendor/seller). ……
This Disclosure must be given to the client to sign before a contract is entered into. Beneficial interest also applies to people closely associated with the agent, including employees of the real estate business, immediate relatives, business associates, and shareholders if the beneficially interested buyer is a company.NO COMMISSION IS PAYABLE IN A BENEFICIALLY INTERESTED TRANSACTION.
This is because the agent cannot act in the traditional agency relationship of a three way sale, and all fiduciary obligations are severed.
Beneficial interest does NOT apply if an agent is purchasing through another agent (ie a seperate real estate business)………………”
Hope this helps
Invercargill was a good place to invest a year back.. may still be good now.. havent checked in a while… because the government was trying to get people to move there by building all sorts of new attractions… like uni etc
A few insights:
1) If an Agent just dismissed a buyer because they didn’t have the ideal property, they could be throwing away oppurtunities, what if that seller came through the door the next day.
2) USA agents get a high commission because they offer a heap other extra services, aus agents don’t offer these.
3) Yes there is a beneficial interest clause in real estate transactions (at least in QLD anyway).My view of retirement is not to work for someone else…. 2 years is definately a good time frame to retire in (only from workin for someone else).
There is always a way!
Just something i heard……
i have a friend, who’s sister works at one of the larger banks in Sydney (the name excapes me at the moment). That bank still feels that Brisbane house prices are about 20% under valued….. just something i heardHeres how i do it:
I am 17 and get about $315 (it’s a traineeship) take home pay).
It takes about 3 mins to get to work, and i work in clayfield, which as brisbane siders know, one of the more expensive suburbs.
Rent is $80 pw (i live in a share house with 4 other people).
The food bill is usually no more than $30 a week, we eat well but don’t get to mant things that aren’t necessary ie a heap of junk food.
The rest of everything, including entertainment, bills and general expenses are made sure they only total about $50 pw.
So i can, and do save at least half of my take home pay, which is only about $315 (however this is sure to increase on April 18th, when i turn 18).I do 50 + hours a week in my job (real estate, learning all about it) and on top of that i program real estate software out of my job.
There is a way to do anything!
Check this site out for property software: http://au.geocities.com/screesoftware
