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Agent Buying Property |
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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. |
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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. |
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Edith Originally published on July 29, 2007 |
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