Expert, localized Los Angeles answers provided by Heather Roy

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"Owner Agent"

  Why does an agent advertise his property, that is for sale, as owner agent?
 
 

Potential buyers are entitled to know that the property is owned by a real estate agent.  In the same way, the licensed broker who is buying property must let the sellers know they're negotiating with a professional.  License law, and Realtor ethics, require disclosure of the fact that a seller -- or a buyer --holds a real estate license.

    Edith
Originally published on February 5, 2008
 
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