All Topics / General Property / paying others to find property

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  • Profile photo of breakingout_2breakingout_2
    Participant
    @breakingout_2
    Join Date: 2004
    Post Count: 37

    a forum contributor has offerred several properties he has found for a spotters fee. are there any guide lines for this process? I saw a warning about doing this in NSW, the person may need a licence.
    any suggestions, warnings, etc would be great

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435

    If you are the purchaser then it is not your problem because the spotter suppose to get organise before passing on the property to you.

    If the spotter does not have some sort of licence for this case then the spotter should seek advice from professional or spotter should offer to purchase the property as norminee on behalf of the purchaser.

    But if the purchaser does not want to buy property then spotter will have a lot of problem in this case.

    Therefore, an agreement between potential purchaser and spotter should be in place before hand.

    Kind regards

    Chan Dollars
    [Retire Young, Retire Rich] [strum]

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