[Rant] Unethical conduct of real estate spruikers
I’ve got to get something off my chest.
Have you ever been to a real estate seminar where they tried to flog you overpriced apartments ?
If you have you’ll know what I’m talking about.
I went to a lot when I was starting out until I found out what was really going on.
These people are treating you like suckers. They don’t want you to be wealthy, they want to get their greedy little hands on massive commission cheques for flogging you a property for the highest possible price. Worst still some unscrupulous agents charge the buyers a fee and also take a fee from the sellers on the same transaction.
Well, it can be worth anywhere from $10,000 to $50,000 a sale. No wonder they want you to buy.
Now, yes I know they have to earn a living. And sure, plenty of them ARE good at what they do, and they do the right thing by their clients.
Problem is, when you wave a cheque this big in front of someone there’s a good chance they’re going to roll over and sell you something they shouldn’t. And that’s where things get murky, if not downright dangerous.
Or in some cases where the spruiker gets a commission from both the buyer and seller it’s actually illegal.
But because the industry is basically unregulated these cowboys can do whatever they want.
I hate to say it, but I’ve met a lot of people who have been victims of these scammers, and they’re never going to touch property again. Such a tragedy when these people could have been very well off if they hadn’t been taken for a ride.
That's why I refuse to accept any commissions from both sides the buyer or the seller.
The rules for working with DDP are different. We don’t take commissions on the house and land packages we recommend. We just charge a flat fee to help you invest which covers all your costs.
I’m firmly on your side, and your side only.
It means I’m free to recommend older houses if they make more sense.
And if we recommend a brand new property then any commission which would normally go to us will go to you. All of it ... 100%.
Not getting any ‘kick back’ means we only recommend a property if it’s going to help you create wealth faster.
The faster your wealth grows the sooner you come back. And everyone wins.
And if you invest in a brand new property and get a commission cheque, that puts you a lot closer to investing again.
Anyway, I’d love to have you spend an hour with one of our team showing you how all this is possible.
Plus what your options are for creating wealth, and the best places to invest for your personal circumstances – cashflow, capital growth or something in between.