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And this is news to you? ;) It is the same really with selling agents, selling property. They need to get purchaser up in price and vendor lower - so they can meet - otherwise no commission for the agent. So are they working for the vendor - yes, but not very well. Are they working for the...

The convo went like this: REA to Prospective tenant: Mate, mate, I think I can get you the place for $300pw mate. Pay a bond and I'll confirm it with the owner. Prospective tenant pays 4 x $300. REA to Prospective tenant: I'll get back to you once its all confirmed. REA calls you. REA to...

Look, I can't speak for your agent BUT I think it highly unlikely. The other thing that strikes me is that you are going to be trusting this PM to collect your rent, do inspections etc etc - so you need to have a relationship based on trust or it is not going to work.

NO, it is not common practice. That would be fraud. :eek: The agent is probably playing the same game with the prospective tenant. He's just getting you down & the tenant up in price. Just request a copy of the signed lease when they sign up.