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From: Anonymous
Hi! Apologies in advance for the anonymous posting, but I don't wanna get myself into trouble...
Just got home from a consumer seminar run by Neil Jenman of "Ethics in Real Estate" fame. I'm sure the more seasoned amongst us here would have heard of him, but this is for those who have not. Do yourself a favour & book for one of his free seminars when he speaks next, or visit www.jenman.com
Read his book about a year & a half ago, & I've learned the many tricks that agents play. However, his seminar has revealed much more. He talks about 2 tiered marketing, HE GIVES OUT NAMES OF THOSE INVOLVED! I thought he'd gotten into quite a bit of sh!t doing it, & I'd share it with all of you here.
LJ Hooker Maroubra (NSW)- the listing agents Anthony Rizzi & Anthony xxx (can't remember his last name) convinced the vendor to take the property off the market before the auction, bought it in July 01 for $340k & sold it Dec 01 for $480k.
A director of a certain Hocking Stuart branch who bought his next door neighbour's house for $200k & sold it 3 weeks later for $340k. His excuse was he wasn't acting as an agent in that transaction, so nothing could be done against him.
He also talks about many 2 tiered marketing companies, 2 of which I have experience with. Stamford Lyon (classic negatively geared GoldCoast property marketer), and The Investment Institute. He gave specific examples of how buyers were sold way overpriced properties by these people. Also talked about another company called Networth Institute or something which worked in conjuntion with Ray White Surfer's Paradise.
Agents Castran Gilbert of South Yarra (VIC)actually bill the vendors for planting dummy bidders in the crowd! The nerve!
He also slams developer Central Equity for false advertising by projecting unachievable growth in Southbank etc. He lists specific examples where investors who bought 4-5 years ago have lost between $20-$120k upon resale. He's also compiled the sales of the last 48 months in one block, and on average, the sales have been at a loss rather than profit.
Crooked solicitors- he mentioned a Simone Campbell, who threatened to sue him for exposing what she did in helping The Investment Institute solicit an apology from a client whom they ripped off.
I'm sure if you email him he'd send you a whole list of the 2-tiered marketers etc etc, this is all I can remember for the moment. Would love to see what feedback we have from this post.
Hi! Apologies in advance for the anonymous posting, but I don't wanna get myself into trouble...
Just got home from a consumer seminar run by Neil Jenman of "Ethics in Real Estate" fame. I'm sure the more seasoned amongst us here would have heard of him, but this is for those who have not. Do yourself a favour & book for one of his free seminars when he speaks next, or visit www.jenman.com
Read his book about a year & a half ago, & I've learned the many tricks that agents play. However, his seminar has revealed much more. He talks about 2 tiered marketing, HE GIVES OUT NAMES OF THOSE INVOLVED! I thought he'd gotten into quite a bit of sh!t doing it, & I'd share it with all of you here.
LJ Hooker Maroubra (NSW)- the listing agents Anthony Rizzi & Anthony xxx (can't remember his last name) convinced the vendor to take the property off the market before the auction, bought it in July 01 for $340k & sold it Dec 01 for $480k.
A director of a certain Hocking Stuart branch who bought his next door neighbour's house for $200k & sold it 3 weeks later for $340k. His excuse was he wasn't acting as an agent in that transaction, so nothing could be done against him.
He also talks about many 2 tiered marketing companies, 2 of which I have experience with. Stamford Lyon (classic negatively geared GoldCoast property marketer), and The Investment Institute. He gave specific examples of how buyers were sold way overpriced properties by these people. Also talked about another company called Networth Institute or something which worked in conjuntion with Ray White Surfer's Paradise.
Agents Castran Gilbert of South Yarra (VIC)actually bill the vendors for planting dummy bidders in the crowd! The nerve!
He also slams developer Central Equity for false advertising by projecting unachievable growth in Southbank etc. He lists specific examples where investors who bought 4-5 years ago have lost between $20-$120k upon resale. He's also compiled the sales of the last 48 months in one block, and on average, the sales have been at a loss rather than profit.
Crooked solicitors- he mentioned a Simone Campbell, who threatened to sue him for exposing what she did in helping The Investment Institute solicit an apology from a client whom they ripped off.
I'm sure if you email him he'd send you a whole list of the 2-tiered marketers etc etc, this is all I can remember for the moment. Would love to see what feedback we have from this post.
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