- Joined
- 25 February 2007
- Posts
- 838
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- 1
You should be in Washington working for George W Bush, he'd love you..
Up is Down, Right is Left, Wrong is Right, Black is White, Waterboarding is not Torture and the Economy is in Great Shape...
You should be in Washington working for George W Bush, he'd love you..hello,
actually temjin you dont need to be licensed to give information about real estate or loans,
similar to taxation advice if you dont charge then no issue,
just doing my bit for the communiy again
thankyou
robots
hello,
actually temjin you dont need to be licensed to give information about real estate or loans,
similar to taxation advice if you dont charge then no issue,
just doing my bit for the communiy again
thankyou
robots
hello,
friends have just gone to live in washington and work with military,
I dont like the idea of having to carry an ak47, 9mm with laser, 303, uzi, rocket launcher, pen gun and rambo knife on my bicycle just to get around the neighborhood
i prefer the love, peace and happiness of life here in melbourne
thankyou
robots
And what has that to do with the issue of real estate as an investment vehicle.
My earlier comment that you may be some kind of nut was I thought in retrospect, a bit over the top and to some extent was tounge in cheek, but now you are making me believe it
lol Robi I love how you attempt to change the direction of the debate, weve now changed countries and blown their crime rate out of all sort of proportion to boot, In some vague attempt to justify Melb house prices in bubble territory ?
Melbourne has stacks of crime and guns and drugs etc etc etc. Just the Crims and Police are the only ones with guns.
QUEENSLAND'S buoyant housing market is teetering on the edge of a downturn with new figures revealing a 38 per cent jump in homes for sale.
Yeh, and I think you could be on slippery ground trying to say you dont' have to be registered to give advice because you dont' charge a fee. That is why most posters are carefull to give qualification and reasons of substance for thier claims. I think some latitude is given to ensure good spirited debate but that could change dramatically if push came to shove on the issue
Perhaps a qualified person could advise on the point.
Interestingly enough I spoke with one of the top Cairns builders on Friday - a fellow who is certainly not cheap, but has a reputation for consistently outstanding quality. He reckons he's got no new work coming through after the current lot of homes are completed.
The Queensland Building Services Authority (BSA) has issued a warning about a second Sunshine Coast construction company less than two weeks after the collapse of Real Property Constructions (RPC).
The guy's a troll. He's got no idea, as is plainly obvious from his posts.
Of course you have to be licensed to give advice.
If you've ever been to a public, general presentation by, say, your bank's financial planners or a big investment manager like Colonial (CBA), Challenger or BT (Westpac), you'd know they go to great pains to provide adequate - i.e. mile long - disclaimers about any advice given being intended for general purposes only.
This is and long has been a requirement by ASIC and one can get prosecuted if specific advice is given without a licence and without ensuring you "know your client" first. This applies even to advice given at a friend's barbecue and is the basis for cases like the one in Tasmania a couple of years ago where a financial planner got his licence suspended for several months because he gave - free - advice to his relative without providing him with a written Statement of Advice.
Simple bank products can be sold without a licence and so can real estate - however the difference there is that both the bank staff and the real estate agents are not supposed to give "financial" advice - that's why they are "clerks", "agents" and not "advisers".
Agents supposedly work for the seller (although too often they just work for their own commissions), while advisers - at least the ethical ones operating on a fee-for-service basis - work for the buyer [of financial products/advice].
The fact that real estate agents, who more often than not have very little special skills and next to no idea about investing & tax and financial matters, do indeed give what amounts to financial advice, is a long standing issue the financial planning community has been trying to raise with the relevant authorities (ASIC).
Unfortunately ASIC's excuse is that because real estate is regulated by the States, while financial planning is regulated by the Feds, they have no jurisdiction against the spruikers.
This is why so many real estate fraudsters like Henry Kaye can get away with consistent highway robbery for sometimes up to several years, before someone finally does something about it.
Tom R.
This applies even to advice given at a friend's barbecue and is the basis for cases like the one in Tasmania a couple of years ago where a financial planner got his licence suspended for several months because he gave - free - advice to his relative without providing him with a written Statement of Advice.
Agents supposedly work for the seller (although too often they just work for their own commissions), while advisers - at least the ethical ones operating on a fee-for-service basis - work for the buyer [of financial products/advice].
The fact that real estate agents, who more often than not have very little special skills and next to no idea about investing & tax and financial matters, do indeed give what amounts to financial advice, is a long standing issue the financial planning community has been trying to raise with the relevant authorities (ASIC).
This is why so many real estate fraudsters like Henry Kaye can get away with consistent highway robbery for sometimes up to several years, before someone finally does something about it.
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