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Agent Buying Property

  Is it legal for a Realtor Associate to purchase directly from a FSBO without any agency involvement (i.e. no commission). The seller has been informed that the potential buyer is sales agent.
 
  Many real estate agents also deal in property on their own. When the other party is informed they are dealing with a licensee, and when no commission is involved, the transaction sounds to me both ethical and legal. A licensed associate, though, should probably inform his or her supervising broker about the transaction, just as a matter of courtesy.
    Edith
Originally published on July 29, 2007
 
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