Home >  Blog >  The real cost of free property advice...when 'free' is anything but...

The real cost of free property advice...when 'free' is anything but...

Posted by medicalfinancial on 1 June 2012

Do you know how your property adviser is getting paid?

It’s often said the most expensive advice is that purported to be free. We are champions of conflict free, flat dollar fee for service advice. It is important to us that all members of our deliverables team share this philosophy.

We spent some time researching the property advice space before we were comfortable with the firm we now partner with. As you would expect, they charge flat dollar fees for the advice they give, paid by the clients. So whose interests are they representing? Well our clients of course, as if they don’t deliver, they don’t get paid.

Compare this with the conflicted model of a Buyer’s Agent conjucting with the selling agent. In this scenario the Buyer’s Agent finds a property, agrees a share of commission with the selling agent and then recommends this property to the person they are advising. Whose best interest are they acting in if they are getting paid by the seller of the property?

Potentially even more conflicted is the “professional” adviser who is recommending property and getting paid by the developer, often without disclosing this to their client. We listened with interest on Monday morning to Simon Pressley being interviewed by Steve Austin on 612ABC about this issue. A link to the podcast is below:


We are serious about clients receiving true conflict free advice in every area of their financial life, including property. So if you are not sure how your professional advisers are being paid it might be time to speak to us.

Author: medicalfinancial
Tags: Website News Wealth Creation

Post comment

Latest News

View all news

ATO Data Matching Changes - What You Need To Know

Posted by Mary Young on 17 April 2019
For a long time, the ATO has been using data-matching practices to ensure individual...

In or out? Insurance within super isn't all it's cracked up to be.

Posted by Sean O'Kane & Neal Durling on 27 March 2019
The fields of insurance and superannuation are complex and filled with both options,...

When self-help is not a one-person job

Posted by Sean O'Kane & Neal Durling on 22 February 2019
There are times in life when you're better off not putting your head above the p...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >


For Events and News