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Exclusive: Ex-Wizard founder launches into real estate

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Australian Broker | 14 Aug 2012, 09:15 AM Agree 0
Ex-Wizard founder Paul Ryan is launching a real estate venture, urging brokers to jump on board
  • Tim O'Shea | 14 Aug 2012, 09:58 AM Agree 0
    Hahaha. What a great concept. Next he will come up with an idea to enable consumers to get loans directly from the lenders without having to use pesky middle men like ......brokers. It's strange he builds a business off the back of personalized service in one industry, then tries to irradiate
    It in another. Should get his values in order.
  • Broke broker | 14 Aug 2012, 10:21 AM Agree 0
    Is this another business venture to build up and sell off to make the founder rich before it goes the same way Wizard and refund have gone?
    As a Broker and Agent i certainly wouldn't go into one of these type of businesses.
  • BRIAN | 14 Aug 2012, 11:32 AM Agree 0
    Not a new idea - look at
  • Looking4Leads | 14 Aug 2012, 01:02 PM Agree 0
    Interesting play if executed well. Say, every 'open house' attracts 20 buyers...every buyer is a borrower...and most buyers are sellers...?
  • Looking4Leads | 14 Aug 2012, 01:04 PM Agree 0
    Interesting play IF executed well. Say every 'open home' attracts 20 buyers...every buyer is a borrower....most sellers are buyers.
  • Steve McClure | 14 Aug 2012, 01:50 PM Agree 0
    There's a real danger of jeopardising a broker’s duty of care to our principal - the borrower. You can't possibly represent a buyer's (finance) interests, if as their broker, you act in some way for the vendor and have knowledge of the buyer's intimate details - and vice versa. The reason clients appoint agents (such as brokers) is to act for them, and if necessary, limit transparency to a vendor. The whole issue of conflicts between sellers’ agents and buyers’ brokers needs greater scrutiny. Your legal obligations don’t allow you to trade them off in return for referrals or financial gain. Legal people, please comment, because this is a serious PI & NCCP issue.
  • Country Broker | 15 Aug 2012, 10:23 AM Agree 0
    efore any brpker was to recommend this servce they would need to carefully read their PI Policy .
    A really good idea that has been tried before , it will be interesting to see if it goes
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