Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Invest

Real estate body concerned by ‘blurred’ SMSF property advice

By Staff Reporter · November 20 2014
Reading:
egg
egg
egg

Invest

Real estate body concerned by ‘blurred’ SMSF property advice

By Staff Reporter
November 20 2014
Reading:
egg
egg
egg

Real estate body concerned by ‘blurred’ SMSF property advice

author image
By Staff Reporter · November 20 2014
Reading:
egg
egg
egg

The Real Estate Institute of Australia (REIA) has expressed concern that financial advisers are taking fast-tracked courses offering real estate licences and potentially promoting investment properties to their SMSF clients.

 

In a recent communication, the REIA said these short courses do not require attendants to sit any exams, are completed entirely online and have a “very suspicious” 100 per cent success rate.

“We are concerned by this and we hear this concern from our members, some of whom say that they are increasingly being asked by planners and accountants who are representing SMSF trustees about whether suitable properties are available,” REIA’s chief executive officer Amanda Lynch told SMSF Adviser.

“We are concerned by anyone doing these courses, including people who then promote investment properties to their SMSFs clients. These courses are not at all respected in the industry and anyone doing them will struggle to find work as an agent afterwards.”

Advertisement
Advertisement

Ms Lynch also noted that some members are reporting an increase in demand from vertically-integrated organisations looking for suitable properties.

Real estate body concerned by ‘blurred’ SMSF property advice
default
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

more on this topic

navigate rent negotiations

How to navigate rent negotiations

housing estate

$50k boost on the cards for new property purchasers

Brisbane

Hot Property: Biggest headlines from the week that was

New housing sales fall to new low

New housing sales fall to new low

property

Top 12 ‘resilient’ regions revealed

Biggest headlines from the week that was

Hot Property: Biggest headlines from the week that was - Weekly round-up

most viewed

Aussies puppy scammed

Scams

Puppy love sees Aussies scammed almost $300k

parliament house

Economy

‘Reporting error’ sees $60bn slashed from JobKeeper

The quicker and cheaper way to finalise a divorce

Expenses

The quicker and cheaper way to finalise a divorce

CommSec urges investor caution

Shares

CommSec urges investor caution

Listen to

Robo tech ETFs

What the heck is with robots and tech - ETFs explained

More podcasts

bryan ashenden david stratford super spot superannuation

Find super’s sweet spot

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Nest Egg.

Read more

more on this topic

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.