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Property investors warned of misleading conduct

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Australian Broker | 19 Aug 2016, 07:00 AM Agree 0
A peak real estate industry body has warned investors to be on the look out for misleading conduct in the property sector
  • Jeff | 19 Aug 2016, 11:08 AM Agree 0
    Mr Harvey, you think it is ok to charge investors $15,000 for a service you add absolutely no value to in this market? We paid a Buyers Agent $15,000 to find us a property, they simply sourced online listings we had already found, did not negotiate whatsoever on the price, no conditions were negotiated outside the norm, and after 7 months we've not heard from them.

    The three Buyers Agency firms we've dealt with have been absolute rubbish. The investment agency I have been speaking with over the past 2 months has found us 6 properties, all off-market, suited to our situation and strategy on all bases, they all valued on the dollar, and we don't have to pay a thing, they do get paid 3% but this seems fair - equates to around $15,000.

    If they can find us suitable property and can get paid by the seller, why is this wrong?
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