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This question has to do with the average Aussie using option to purchase contracts:

Do you need to be an Agent (licensed) to:
* grant an option to purchase - option or* accept an option to purchase - optionee* sandwich lease option as an investor


When you are dealing with your own property, essentailly you can do what you like. It is advisable to get a solicitor to look at the details of the lease/purchase option.

There have been one page hand written option contracts written between owner and purchaser/lessee that are still binding.

When dealing with other peoples property or advising someone, there are no requirements for licensing at the moment however this may change in the future.

There are different laws especially in relation to wraps in S.A. this is still in the hands of one of our advisors.



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