All Topics / General Property / Spotters fee

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  • Profile photo of eaglehawkeaglehawk
    Member
    @eaglehawk
    Join Date: 2004
    Post Count: 2
    March 4, 2004 - 4:21 pm

    Could someone please clarify the situation about spotters’ fees? If I was to source a potentially lucrative (ie positive cashflow) real estate deal and then pass the information on to someone who wanted to carry the deal through to completion (wrap, lease-buy, flip, or whatever), would I be entitled to charge a spotters’ fee for this? Or is this (as I’ve heard it may be) illegal?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 4, 2004 - 11:46 pm

    Eagle

    Depends on which State you are referring to.

    Suggest you check with the local OFT or relevant body in your State.

    Cheers Richard
    richard at fhog.com.au
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Richard Taylor | Australia's leading private lender

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