Rating Index

Pros

Offers a unique business model by securing and brokering water rights in regions with growing demand.

Has a history of successful transactions, capitalizing on water scarcity to generate profits.

Possesses expertise in navigating water law and regulations, which can benefit clients seeking water resources.

Cons

Lacks regulation by a reputable financial authority, raising concerns about the security and transparency of its operations.

Business practices may be viewed as speculative and potentially harmful to local water resources and communities.

Has faced legal challenges and criticism for its approach to acquiring and managing water rights, leading to distrust among residents in affected areas.

Water broker Accounts

Water Broker/Trader Account Type

Water brokers typically offer two main types of accounts for their clients: Meter Accounts and Flat Rate Accounts.

Meter Accounts:

Charges are based on the amount of water used each month, both indoors and outdoors.
Monthly meter readings determine the bill, which can vary significantly during summer months due to increased irrigation.
Meters are usually read remotely, and bills are issued for the previous month‘s water usage.

Flat Rate Accounts:

Charges are determined based on the number of rooms, toilets, bathtubs, showers, and laundries in the property, as well as lawn size.
An annual sprinkling fee is billed in May for outdoor water usage.
All flat rate accounts are billed in advance, and there’s no reduction in charges if the property is vacant.

Water Broker/Trader Broker Account Opening Process

To open a water broker account, follow these steps:

Select the Account Type: Choose between a Meter Account or a Flat Rate Account based on your water usage preferences.
Complete the Application: Fill out the necessary application form for the chosen account type. This may involve providing personal identification and property details.
Submit Required Documentation: Attach any required documents, such as proof of residence and identification.
Await Confirmation: After submission, the water utility division will review your application and confirm your account setup.
Account Activation: Once approved, you will receive details about your account, including billing cycles and payment methods.
Set Up Payment: Arrange for payment methods, which may include electronic transfers or checks, to ensure timely bill payments.