Do you need a Buyers Licence in NSW to receive a spotter’s fee? I’ve spoken to numerous solicitors (who aren’t sure). I even rang the Department of Fair Trading (I’m not sure but I suppose you do). Is there anyone who has had a more definite answer and who is carrying it out?
[wacko]Goode1
Hi there!!!
Of course you don’t need a licence to get a ‘spotter’s fee’ – provided you are not breaking the law.(and whatever ‘spotter’s fee’ might ‘legally’ mean is probably anyone’s guess!)
This means you might not be able to operate as a buyer’s agent, or do anything as agent – but you may be able to ….
a) get, and onsell, an option on a property
b) charge a client for research
c) charge a client for ‘property consultation’
d) charge the client for the contact information of a vendor, so that they may directly sign up the deal in their name – i.e. you verbally or theoretically negotiate the deal. Of course you need a vendor you can trust!
e) flip
f) flick
g) start a dating agency, where lonely vendors can meet their true loves – a purchaser – and charge for your ‘dating service’ok starting to kid around, but you get the picture. And BTW, feel free to put Fair Trading NSW on to me!
cheers-
Minijoy to the world
Mini
Sorry to put a dampner on your last post but in Qld starting a dating agency now requires a license.
Everyhting else on your list sounded fine.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Oops! Really! well best I immediately cancel the late-night tv advertising campaign then…hehe
joy to the world
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